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Expense Reimbursement Guidelines

How do you distinguish expense reimbursements from disguised compensation? Establish an accountable plan! Accountable vs. Nonaccountable If a company’s arrangement meets the accountable plan requirements, expense reimbursements to employees are 100% deductible by the company (50% for most meals and entertainment). Also, the reimbursements are excluded from the employees’ taxable income and are not subject [...]

January 10, 2015|Businesses|

Homework Assignment for the Self-Employed

If you're self-employed, you may have a tough time relating to traditional financial advice. The financial self-help publications are targeted towards mutual fund investing and the on-line sources of information are geared towards employees earning paychecks and not having to worry about all of the things that go through the mind of a self-employed person. [...]

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