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  • Travel Pay - Best Practices to Comply with Federal Regulations

    Product id IQW15C8970
Speaker Miles Hutchinson
Level Basic & Intermediate
Duration 90 Mins
Schedule Monday, November 27, 2017 | 12:00 PM PST | 03:00 PM EST
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  • Description
  • Why should you attend
  • Areas covered
  • Who will benefit
  • Speaker

Description

Learn when and how you must compensate employees for travel time. Ensure you comply with the requirements under the Portal Act. Get an update on IRS travel expense documentation requirements. Learn about employer liability for accidents of traveling employees. Clearly define when employee meals are 100% deductible and when they are only 50% deductible. Understand the limitations when personal and business travel and entertainment are mixed. Ensure your records will stand the scrutiny of a compensation or tax audit.

Why should you attend

What are the rules regarding when an employee must be compensated for time and expenses incurred while traveling on company business? They are so complex and confusing! Issues include employee use of his or her own vehicle, use of company owned vehicles, proper administration of and accounting for travel pay and the best way to handle suspected abuses by employees of an employer’s travel & entertainment policy.  
Experienced CPA and businessman Miles Hutchinson will review the law regarding travel compensation and travel & expense reimbursement. He will provide practical guidance for reducing wage and hour claims and IRS scrutiny.

Areas covered

  • How does employee exempt or non-exempt status under the FLSA affect travel compensation
  • The Fair Labor Standards Act & Portal Act requirements regarding travel pay
  • What is the appropriate rate of travel pay
  • When must commuting expenses be reimbursed
  • When is travel between assignments compensable
  • Reimbursement and compensation rules for extended assignments at temporary locations
  • Specific rules for overnight travel
  • Travel, entertainment, gift & car expense reimbursements
  • Accountable Vs non-accountable plan payments
  • The travel advance trap and how to avoid it
  • Employer policy manual - communicating travel policies
  • Employer’s liability to employees and third parties for damages arising from company travel
 

Who will benefit

  • Financial Officers
  • Financial Analysts
  • Controllers
  • CFOs
  • Risk Officers
  • Payroll Managers
  • Staff with roles and responsibilities in payroll and expense reimbursement
 

Speaker

Miles Hutchinson is a CGMA and experienced businessman. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a $1 billion real estate development company. Miles is a highly sought after professional speaker and consultant who has presented over 1000 seminars and training sessions on a myriad of business and financial topics, such as financial analysis and modeling, accounting matters, strategic planning, and compliance with the Sarbanes-Oxley Act. His clients include Abbott Labs, Citicorp, the FBI, GE, Pfizer and the US Marine Corps.