Learn about the different types of employee expenses, what needs to be reimbursed, and the legal issues that may arise.
In today's business environment, it is imperative to ensure the business is compliant with employee expenses. When an employee incurs expenses on behalf of your business, how should they be reimbursed and what qualifies as a reimbursable expense? It is a morale issue, an ethical issue, and has legal considerations. Under the federal law, it is required for employers to reimburse employees to ensure that any expenses incurred by them does not bring their take home pay below the cost of minimum wage, calculated as the net amount an employee collects after any costs they incur that are necessary for business. Failure to reimburse employees adequately can open your business to lawsuits and financial penalties under the Fair Labor Standards Act (FLSA). And there are state requirements that you will have to review as well. In topic, we will spend our time discussing the federal law and IRS code. This infor-mation will help you be able to find out what type of employee expenses there are and what needs to be reimbursed as well as the legal issues arising out of employee expenses.
Learning Objectives
- You will be able to recognize the key benefits and legal considerations of establishing an expense reimbursement policy.
- You will be able to identify common issues and considerations related to reimbursable expenses, including in-flight purchases, grocery store purchases for meals, and baggage fees.
- You will be able to differentiate between legitimate and fraudulent expense reimbursement practices, including recognizing common types of fraud and potential collusion among employees.
- You will be able to recognize what should be included in an expense reimbursement policy regarding meals and entertainment.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Employee Expenses
- What Is This?
- Why Is This Important?
Employee Expense Policy
- Topics for This Type of Policy
- How Much Detail Is Needed?
- Recent and Upcoming Policy Changes
Issues Arising From Employee Expenses
- Employee Expenses Scams and How to Avoid Them
- How to Keep Expense Costs Down
- Common Expense Mistakes
- Proper Documentation
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on September 23, 2024.
Call 1-866-352-9540 for further credit information.
- AIPB 1.0
- This program is acceptable for 1.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
- CPP/FPC
- Lorman Education Services is an approved provider through PayrollOrg (PAYO). This program is approved for 1.0 RCHs.
- ASA 1.0
- This program may qualify for 1.0 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]. Please retain proof of attendance in the event your CE record is audited.
HR Certification Institute 1.0
- This E-Learning program has been pre-approved for 1.0 (General) recertification credit hours toward aPHR®, aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM), and SPHRi(TM) recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
SHRM 1.0
- Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
CPE/NASBA - QAS Self Study 1.8 including Business Law 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Business Law for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
- Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jackie A. Sexson
- Compliance and HR leader
- Former executive director with the legal and human resources consulting firm, The Sexson Group
- Extensive experience in employment and labor law, as well as human resources
- Experience as an attorney with HR background in employee relations, performance management (360-degree feedback), organizational management, benefits administration, recruitment and selection, compensation, equal employment opportunity, and training and development
- Experience with the public sector, Fortune 500 companies and small startup companies
- Held director and executive level positions, and worked as an independent consultant
- Certified as a senior professional in human resources by the Society for Human Resources Management
- J.D. and M.B.A. Degrees
- Can be contacted at 334-274-3007 or [email protected]
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More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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