Course Details

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Course Description

Fringe Benefits must be properly valued and taxed when appropriate. For the myriad of fringe benefits offered to workers, the IRS has both general and specific rules to keep in mind. Knowing the rules of thumb, and where to find information on specific types of benefits, will help your organization avoid the embarrassment of unanticipated taxation to your workers.

Why You Should Attend ?

Most payroll professionals take fringe benefits for granted. Sometimes they assume the IRS does not audit for them. Even if you are already aware that the IRS indeed focuses on them in audits, this webinar is sure to provide a lot of information you are not aware of.

Learning objectives

  • Definition of Fringe benefits, and how to distinguish them from expense reimbursements.
  • What is excusable from taxes and what you must withhold and pay payroll taxes on.
  • Types: Adoption Assistance, Athletic Facilities, De Minimus, Dependent Care Assistance, Educational Assistance, Employee Discounts, GTL Insurance, Lodging, Meals, Moving Expense, No Additional Cost Services, Transportation, Working Condition Fringe, Moving Expenses, Awards and Prizes.
  • How to properly value and tax a fringe benefit.

About Presenter

Mark earned a Master’s Degree in Business Administration from Santa Clara University. He worked for 8 years as an internal auditor for private and public entities. He evaluated business operations for efficiency and effectiveness. This included regulatory compliance, financial reporting and divisions’ ability to meet and exceed goals and standards set by the organization. He evaluated CalPERS’ payroll and HR division, one of the largest such divisions in California State Government.Mark has processed payrolls for approximately 1 dozen small to medium sized businesses in Sacramento. He was also a payroll tax auditor for the State of California. His most complex business included multiple shifts, overtime calculations, garnishments, wage differentials, FLSA compliance and other wage and labor issues. His payroll software is flexible to all needs of the small business community.    Mark has provided consultation services for 8 different national payroll webinar providers. He has a wide presence, speaking to audiences on 20 different payroll tax related topics. These include Multi-State Employment, Fringe Benefits, Audits, Root-Cause analysis, Payroll Related Fraud, and many others. This forces Mark to keep up on all the latest payroll laws and regulations in all 50 states. This ensures both accuracy in processing your payroll, but also the flexibility and knowledge to grow with your business.

MS Payroll offers affordable payroll processing, tax payment/filing services, and the consulting services necessary to help owners determine what to do themselves, vs. what to outsource.

FAQ

  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.

Refund/Cancellation Policy

For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128

Testimonials

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  • Varvara Salazar
    , CPA
    November 13th 2019
    Excellent webinar and presenter! Provided an eye opening insights on specific types of benefits. It will definetly help me and my organization.

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a 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 website: www.NASBARegistry.org.

IRS Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary

CTEC Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

upcoming Live CPE Webinars

MAXIMIZE YOUR SAVINGS POTENTIAL THROUGH HEALTH SAVINGS ACCOUNTS (HSAS)
Monday, December 09, 2019 | 10:00 AM EST View Details/Register
Transfer Pricing and Tax Reform Opportunities
Monday, December 09, 2019 | 11:00 AM EST View Details/Register
VIRTUAL VALUES: FLEX, FREE-RANGE AND REMOTE WORK SOLUTIONS
Monday, December 09, 2019 | 11:30 AM EST View Details/Register
REGULATORY ETHICS GUIDEBOOK FOR CPAs: AICPA CODE OF PROFESSIONAL CONDUCT
Monday, December 09, 2019 | 11:30 AM EST View Details/Register
Charitable Solicitation Compliance- What does it take to be compliant?
Monday, December 09, 2019 | 12:30 PM EST View Details/Register
  • Cost $10
  • CPE Credits 1.5
  • CE Credits 1
  • IRS Course ID GEHNZ-T-00055-19-O
  • CTEC Course ID 6273-CE-0057
  • Subject Area Taxes
  • Course Level Basic
  • Instructional Method group internet based
  • Prerequisites None
  • Advanced Preparation None
  • Who should attend? Enrolled Agent Tax Practitioners CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm Tax Pros Tax Firm Young CPA HR Professionals Tax Director (Industry)
  • Handout Material Download

upcoming Live CPE Webinars

MAXIMIZE YOUR SAVINGS POTENTIAL THROUGH HEALTH SAVINGS ACCOUNTS (HSAS)
Monday, December 09, 2019 | 10:00 AM EST View Details/Register
Transfer Pricing and Tax Reform Opportunities
Monday, December 09, 2019 | 11:00 AM EST View Details/Register
VIRTUAL VALUES: FLEX, FREE-RANGE AND REMOTE WORK SOLUTIONS
Monday, December 09, 2019 | 11:30 AM EST View Details/Register
REGULATORY ETHICS GUIDEBOOK FOR CPAs: AICPA CODE OF PROFESSIONAL CONDUCT
Monday, December 09, 2019 | 11:30 AM EST View Details/Register
Charitable Solicitation Compliance- What does it take to be compliant?
Monday, December 09, 2019 | 12:30 PM EST View Details/Register