Reporting and taxing employee fringe benefits is complicated. There are many benefits to keep track of—including relocation, meals, lodging, educational assistance, transportation, and third-party sick pay—and they each have their own requirements. To make matters more challenging, the recent Tax Cuts and Jobs Act made some changes to how employee fringe benefits are taxed, as of January 1, 2018. Just when you thought you were a pro, you’ve got a lot to learn!
Join payroll tax expert speaker Vicki Lambert as she gives you the information you need to understand the latest rules under the new tax bill. You’ll know when providing a fringe benefit must be considered wages or if it is “tax-free.” You’ll understand how to recognize, report, and calculate fringe benefits such as transportation and Section 132 fringe benefits, as well as third-party sick pay. With the IRS looking for consistency of treatment—you can’t afford to make a mistake.
After attending this event, you’ll confidently minimize the chance for penalties and audits because you’ll know when fringe benefits are taxable and reportable and when they aren’t. As a payroll professional, guessing is not an option—all fringe benefits must be handled correctly, and this conference will give you the skills you need to do that.
Here is a taste of what you will uncover:
How to calculate and tax transportation fringe benefits, including:
Section 132 fringe benefits, including:
Understand third-party sick pay reporting and taxation, including:
Who Should Attend
Vicki M. Lambert, CPP, is President and Academic Director of The Payroll Advisor™, a firm specializing in payroll education and training. The company’s website www.thepayrolladvisor.com offers a payroll news service which keeps payroll professionals up-to-date on the latest rules and regulations.