Jun
13
2019Ask the Experts: Taxability of Reimbursements for Mileage | Houston Benefits Team
Question: Are amounts an employer reimburses employees for mileage taxable? Answer: They may be; the type of reimbursement plan will dictate whether reimbursement for business travel is or is not taxable. Both accountable plans and non-accountable plans allow an employer to reimburse employees for their business expenses. With an accountable plan, the reimbursement is not taxable to your employee. Amounts paid under an accountable plan…
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Oct
14
2016Nondiscrimination Rules for Cafeteria Plans
A cafeteria plan is an employer-provided written plan that offers employees the opportunity to choose between at least one permitted taxable benefit and at least one qualified employee benefit. There is no federal law that requires employers to establish cafeteria plans; however, some states require employers to have cafeteria plans for employees to pay for health insurance on a pre-tax basis. To comply with Internal…
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May
4
2016Death and Taxes for Qualified Plans
An IRS plan audit uniquely focuses an employer’s mind on the core identity of its qualified retirement plan, which is that of a tax exempt organization, but one whose exemption (or “qualification”) requirements are far pickier than those applicable to one’s favorite charity.
Mar
14
2013Seven Health Tax Tips
It’s everyone’s favorite time of year: Tax season. Do you know how to make the most of it?
Dec
17
2012Payroll Tax Issues Remain in Limbo with Many Due to Sunset
With 2013 just weeks away, payroll professionals are getting extremely anxious about various favorable payroll tax provisions.
May
25
2012Think Anyone Can Prepare Your Tax Return? Think Again!
Some red flags you should look for when a tax preparer is referred to you