Reimbursable Expenses Should Not Be Taxable Income
Unless you want to give money away to the IRS, expense reimbursements shouldn’t be taxed. When employees pay for expenses out of their pocket, they use their taxed income and so taxing …
Unless you want to give money away to the IRS, expense reimbursements shouldn’t be taxed. When employees pay for expenses out of their pocket, they use their taxed income and so taxing …
When a company offers vacation time or PTO, they have to decide on a vacation rate for the accrual. There are a few options. Vacation time can accrue by hours worked, by …
You’ve seen the mileage reimbursement rate that the IRS publishes each January but do you know where the number comes from? Many people think the rate is based on gas prices alone …
Not every company chooses to put a cap on time off since not everyone considers rollover a problem. But for those companies that do, there are a couple of ways in which …
Missing timecards and incomplete timesheets are some of the biggest employee management hassles. Employers must pay employees for time they work regardless of whether they remember to clock in. For this reason, …
Whether your paid time off plan is complex or pretty basic, you should take the time to lay out the details and create a policy. Besides the amount of time and the …
Editor’s Note: To view the mileage rate information for 2021, please go here. The mileage rate didn’t change much this year. It’s down half a cent from last year. The new mileage …
Thousands of businesses will potentially be switching millions of employees from salary to hourly status in response to the new overtime rule. While companies must be compliant by December, getting started now …
Time off is, traditionally, a benefit employees earn just for working at the company. Whether employees earn time off by the hour, day, week, month, or year, it’s dolled out based on …
We all look forward to a break from work – a vacation that lets us relax and rejuvenate. However, in the US paid time off is not a given. Employers don’t have …
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