This program reviews the statutory and regulatory guidance as they relate to fringe benefits. There will be an emphasis on entertainment, meals and business transportation expenses, including qualified employer-provided parking, with a focus on planning opportunities.
DESIGNED FOR
CPAs in public practice and industry seeking the latest developments on reporting entertainment and business transportation expenses.
BENEFITS
After attending this presentation you will be able to...
- Apply guidance of the "big picture" of qualified deductible expenses and strategies and guidance on what to do and when to do it
HIGHLIGHTS
The major topics that will be covered in this class include:
- Definition of what qualifies as an entertainment expense
- Strategies to deduct business entertainment expenses
- Deductibility of meals
- Situations not subject to the 50% meals and entertainment reduction
- How to handle automobile issues related to employer-provided parking
- Proper accounting for deductible vs. non-deductible expenditures
- The four steps to analyze business expenses
- The latest federal legislation, cases and rulings
COURSE LEVEL
Intermediate
PREREQUISITES
Basic working knowledge of fringe benefit expense reporting.
ADVANCE PREPARATION
None