GRCTS Presents: Travel Pay – Best Practices to Comply with Federal Regulations

Описание: Click Here for more information - https://www.grcts.com/Travel-Pay-Payr...

You can contact us here - www.grcts.com | [email protected] | +1 248 233 2049

Description:

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?

This webinar discusses the rules and regulations that must be followed when paying an employee for travel pay. It includes what is travel pay, best practices for handling the payments, how it affects overtime calculations and what is required on the state level. It also discusses the requirements for taxing travel expenses under IRS rules.

Areas covered in the presentation:

Travel pay requirements—What you must pay for and why
Best practices for paying travel pay correctly
Which employees have to be paid…and when
Payroll Compliance and travel pay issues—keeping wage and hour claims at bay
What to do when federal and state laws conflict and handling multiple state conflict issues
How travel pay affects overtime calculations—travel pay differences for exempt and nonexempt employees
Special circumstances that may require travel payment
What are per diems
When travel payments are taxable
Accountable and non-accountable plans

You can contact us here - www.grcts.com | [email protected] | +1 248 233 2049