Park Avenue Presentations

Fringe Benefits: Proper Accounting and Tax Treatment

Thursday, October 23, 2014 at 1:30 pm ET

Duration: 90 minutes

Speaker: Mark Schwartz, MBA

Registration - Webinar Only: $229.00

Registration - Webinar Plus CD Recording: $329.00  BEST VALUE!

 

Bonus for Each Registrant:The webinar speaker will answer one written question that you may submit by email within one week after the webinar.

 

 

Webinar Description

There are many ways to reward workers other than by the payment of wages. Smart business executives understand the importance of providing employees with fringe benefits such as paying education expenses, subsidizing commutation costs, and offering wellness programs. The IRS has categorized many different types of fringe benefits and set limitations on the types of benefits and the dollar amounts that will not be taxed as income to the employee.

 

IRS auditors are also focusing on fringe benefits that constitute executive compensation. Stock options, golden parachutes, and deferred compensation, among other perks, are designed to retain executive talent. An employer must know how to account for these benefits in order to avoid payroll tax audits and personal income tax audits of the executives.

 

Agenda

In this webinar presented by payroll tax expert Mark Schwartz you will learn:

  1. Definition of Fringe Benefits and how to distinguish them from expense reimbursements

  2. New accounting developments for 2014 and 2015 relating to fringe benefits

  3. What is excludable from taxes and on what an employer must withhold and pay payroll taxes

  4. Accounting and tax treatment of the following types of fringe benefits:

    • Adoption Assistance

    • Athletic Facilities

    • Awards and Prizes

    • De Minimus Amounts

    • Dependent Care Assistance

    • Educational Assistance

    • Employee Discounts

    • Group Term Life Insurance

    • Lodging

    • Meals

    • Moving Expense

    • No-Additional-Cost Services

    • Transportation

    • Wellness Programs

    • Working Conditions

  5. Use of Cafeteria Plans

  6. Accounting for use of Company Vehicles

  7. How to properly value a fringe benefit

  8. How to properly tax a fringe benefit

  9. Accounting and tax treatment of the following types of Executive
    Compensation

    • Stock Options

    • Deferred Compensation

    • Golden Parachutes

    • Statutorily Deductible Executive Fringe Benefits

    • Section 132 of the Internal Revenue Code

       

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This program has been pre-approved for 1.5 hours of General recertification credit hours through the HR Certification Institute. Use of the seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute's criteria to be pre-approved for recertification credit.

 

Logistics

This event will be presented live with a PowerPoint presentation to be viewed on your computer. You may listen to the audio of the webinar by telephone or through your computer. The PowerPoint slides will be provided shortly before the event. Once you register, you will receive an email which is your receipt and which includes your instructions for dialing in and logging on. You will also receive an email reminder 24 hours before the webinar.