ITGF
INDUSTRY TAX GUIDE TO
FRINGE BENEFITS AND SELECTED PAYROLL ISSUES
The purpose of this course is to review the significant
tax issues for controllers in the area of fringe benefits and payrolls.
Major topics include:
- The analysis
of the types of fringe benefits companies can offer
- Statutory
fringe benefits -- What employers and employees want
- Medical
insurance, self-insured plans, HRAs, HSAs, disability insurance, life
insurance, and dependent-care programs
- COBRA requirements,
the Family and Medical Leave Act, and the Health Insurance Portability
and Accountability provisions affecting businesses
- Uses of company-owned
automobiles and aircraft by employees, and the valuation methods applicable
to the included gross income; various limitations or qualifications
issues
- Compliance
issues, notices, Form 5500 reporting requirements, and discrimination
issues
- Reimbursement
and substantiation issues in accountable and non-accountable plans,
and W-2 record-keeping requirements
- Determining
worker classification for purposes of withholding and the limitations
of §530 safe harbors
- Electronic
reporting for payroll and common paymaster issues
- Legislation
update
- And much
more
Designed
for: CPAs
in industry who have a need to understand fringe benefit and payroll tax
issues.
Level
of knowledge: Basic
Field
of study: Taxes
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