Detailed Assessment Of Travel Pay Requirements To Mitigate Compliance Risks
Recorded Webinar | Vicki M. Lambert | From: Jul 22, 2021 - To: Dec 31, 2021
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This webinar discusses the rules and regulations that must be followed when paying an employee for travel pay in 2021. It includes what is travel pay, best practices for handling the payments in 2021, how it affects overtime calculations, and what is required on the state level in 2021. It also discusses the requirements for taxing travel expenses under IRS rules.
Areas Covered:-
Background:-
How to compensate employees for the hours spent traveling on business is becoming one of the major concerns of the payroll department today. Many recent changes in federal and state wage and hour rules as well as economic pressures on employers and employees alike can create a situation that can practically invite non-compliance lawsuits—especially if the travel time results in overtime being owed to the employee. But it isn’t just the DOL that is interested in travel pay. The IRS also has strict regulations on when employees can be paid for travel expenses without it being considered wages. Does the company use the per diem method to reimburse employees or the accountable plan method? Or do you even need to have a method when it comes to reimbursing employees for travel expenses?