Transportation Fringe Benefits: IRS Taxation & Reporting Requirements

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AudioSolutionz will host a live webinar on how to understand transportation fringe benefits and achieve payroll compliance. The webinar will be presented by Vicki M. Lambert, CPP, a payroll and compliance expert, on Tuesday, April 5, 2016.

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Improve your employee job satisfaction and performance, by providing them with transportation fringe benefits

AudioSolutionz.com is the leading source of business-enhancing information. It has been providing business professionals high-quality and informative webinars on latest HR compliance hot topics for more than a decade. AudioSolutionz webinars cover a plethora of topics in HR and Payroll including hiring, retention, onboarding, employee benefits and taxation, travel pay, reasonable accommodation and others. HR professionals can gain needed knowledge and skills directly from nationally recognized HR and Payroll experts.

On Tuesday, April 5, 2016, AudioSolutionz will host a Live Webinar titled “Detailing Transportation Fringe Benefits” with expert speaker, trainer and author Vicki Lambert, CPP, a certified payroll compliance expert. She is a frequent speaker and trainer on payroll issues across the United States. She has worked as in-house trainer for businesses such as Sun Micro systems, Fox Studios, Disney, County of Riverside and the City of Hesperia.

Fringe benefits are property and services whose benefit to employees often outweighs the cost to the employer. Generally, fringe benefits are part of your employees' taxable wages, but there are certain fringe benefits that are accepted from this rule and you can still take a business deduction for their cost. Nontaxable fringe benefits include no-additional-cost services, qualified employee discounts, working condition fringe benefits, very minimal fringe benefits and qualified transportation fringe benefits.

The Internal Revenue Service (IRS) has strict guidelines on the taxation and reporting of transportation fringe benefits that must be adhered to in order to avoid audits and penalties. The definition of transportation fringe benefits ranges from providing a company car, paying for bus passes and parking spots to providing a bicycle and may even include the time spent on a private company plane. Additionally, the taxation requirements can be just as varied-from no taxation to the required use of algebraic formulas. It’s a tall order and you are prone to missteps without an expert guiding your way.
During this live webinar, Vicki will provide a detailed overview of transportation fringe benefits and IRS taxation and reporting requirements to achieve payroll compliance in your organization. This will include: the personal use of a company car, proper accounting and taxation of auto allowances, personal use of company aircraft, and the IRS 132 fringe benefits such as parking and mass transit passes.

For more information visit: https://www.audiosolutionz.com/hr-compliance-employment/transportation-fringe-benefits.html

About AudioSolutionz:

AudioSolutionz.com is the country’s leading source of business-enhancing information. It has been providing business professionals high-quality and informative webinars for more than a decade. The company excels in providing practical, cutting-edge and pithiest information for businesses and professionals. Its HR & Payroll webinars provide needed knowledge to ensure compliance, hiring and retention best practices, increase employee productivity and performance, and be in tune with the latest regulatory updates.

About the Speaker:

Vicki M. Lambert, CPP is President and Academic Director of The Payroll Advisor™ a firm specializing in the training of payroll professionals. With over three decades of hands-on experience in all facets of payroll functions as well as over 20 years as a trainer and author, she is a sought-after and respected voice in the practice and management of payroll issues. She has conducted open market training seminars on payroll issues across the United States as well as serving as an in-house trainer for businesses such as Sun Micro systems, Fox Studios, Disney, County of Riverside and the City of Hesperia. Vicki is an adjunct faculty member at Brandman University in Southern California and is the creator and instructor for their Practical Payroll Online program, which is approved for recertification hours by the APA.

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Shivane Kay
@SolutionzAudio
since: 10/2012
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