In this 11-minute video our speaker, Ann Dorsey, CPA, CGMA, CITP, MCSE, MSBS, provides a list of tax-exempt fringe benefits which are subject to certain conditions. Most fringe benefits that are income tax-exempt are also exempt from Social Security, Medicare and Federal Unemployment taxes, but not all. She also discusses fringe benefits that are taxable. The value of the benefits in the following examples is
generally taxable: cash bonuses or gifts - when you award employees with cash (or gift certificates, or similar items easily exchanged for cash) you must report the value of such gifts as extra salary or wages, regardless of the amount involved; prizes in the form or goods or services - if you award prizes or bonuses in the form of goods or services (e.g., a vacation trip for meeting sales goals), you must report the fair market value of the goods or services in the employee’s income. Ms. Dorsey also provides details on fringe benefit penalties.
Ann Dorsey, CPA, CGMA, CITP, MCSE, MSBS is the owner of Dorsey & Company CPA’s, PLLC - www.dorseyandcompany.com. She is also the owner of Rock City Data Group, Inc. (Microsoft® Gold Certified Partner) – www.rockcitydata.com and owner of The Payroll Place. Ms. Dorsey is a CPA, and a member of AICPA and ASCPA and has served on various committees.
Agenda
Faculty
Ann Dorsey, CPA, CGMA, CITP, MCSE, MSBS
Dorsey & Company CPA's, PLLC
- Owner of Dorsey & Company CPA’s, PLLC - www.dorseyandcompany.com
- Owner of Rock City Data Group, Inc. (Microsoft® Gold Certified Partner) – www.rockcitydata.com and owner of The Payroll Place
- CPA, member of AICPA and ASCPA and has served on various committees
- Microsoft® Certified Professional (MCP), Microsoft® Small Business Specialist (MSBS), Microsoft® Certified Systems Engineer (MCSE), graduating from Six Sigma Green Belt at Villanova University
- Certified Information Technology Professional (CITP)
- Speaker at the 2005 Microsoft® Convergence Conference in San Diego, California and at the Accounting Technology Conference in New York, New York in June 2014
- Motivational speaker for the 2010 CPA conference
- Speaker at the Accounting Technology Conference in New York City, New York in June, 2014
- Profiled as CPE committee chairman for ASCPA
- Awarded Outstanding CPA in Business and Industry
- Business Profiled in Arkansas Business
- Awarded Arkansas State Small Business Person of the year 2011 at the U.S. Small Business Administration Conference in May 2011 at Washington
- Charter Global Management Accountant Designation (CGMA)
- B.S. degree in accounting, cum laude, Arkansas State University; graduate, Six Sigma Green Belt, Villanova University
- Can be contacted at 501-716-2900 or [email protected]
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
More Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
