Accounts Payable (AP) is used to process numerous payments through the year, directly or on behalf of employees. Certain kinds of payments for expenses or benefits are provided to employees that are impractical to process through payroll and are thus processed through AP. These can include such disbursements as business expense reimbursements, educational assistance, auto allowances, relocation or moving expenses, club dues, medical expenses, dependent care, employee referral awards, and suggestion awards. Some of the benefits do not involve direct payment to employees but may be taxable nonetheless. These include personal use of a company vehicle, in-kind dependent care, health club memberships, employer-provided meals, length-of-service and safety awards, free use of company-provided services, cell phones, Christmas or other holiday gift certificates, and employee recognition awards.
However, there may a few questions that may arise. They are:
Expert speaker Vicki M. Lambert, CPP will answer all these questions (some of them must be answered for each and every payment each and every time one is made) and many more in this webinar. The webinar discusses how AP and Payroll by working together all year long can ensure compliance with the taxation and reporting requirements of the Internal Revenue Code. The webinar also reviews various types of payments made through accounts payable, how they should be taxed and how they should be reported to payroll to ensure the information is processed in a timely and professional manner.
Who Should Attend
Vicki M. Lambert CPP
Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals. With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, Ms. Lambert is a sought-after ... More info