As most employers know, wages and salary are only the tip of the iceberg when it comes to employee compensation. Beyond regular paychecks, employers must navigate a wide range of withholding and payroll tax issues, along with the growing use of fringe benefits and other incentives designed to attract and retain qualified employees in a competitive employment market.
This webinar will explore the ins and outs of compensation that goes beyond the standard paycheck, including the dos, the don’ts, and the cannot’s. Attendees will gain practical insight into fringe benefits, reimbursement arrangements, educational benefits, incentive compensation, and achievement awards, with a focus on distinguishing taxable from nontaxable treatment and understanding key compliance considerations.
Areas Covered:-
- The viability of non-taxable gifts to employees
- Definition of a fringe benefit
- Distinguishing taxable from nontaxable fringe benefits
- Accountable reimbursement plans
- The multiple layers of educational benefits
- Using ownership interests as incentive compensation
- Requirements for incentivizing employees with achievement awards
Why Should You Attend?
- Understand the definition of a fringe benefit and how it applies in employee compensation.
- Distinguish between taxable and nontaxable fringe benefits.
- Evaluate the viability of non-taxable gifts to employees.
- Recognize how accountable reimbursement plans work.
- Identify the multiple layers of educational benefits available to employees.
- Explore the use of ownership interests as incentive compensation.
- Review the requirements for incentivizing employees with achievement awards.
Attending this webinar will help you better understand compensation beyond wages and salary so you can make more informed decisions when evaluating employee benefits and incentives. You will leave with practical knowledge to better navigate payroll tax and withholding issues tied to non-cash and alternative compensation strategies.
Who Should Attend?
- Payroll Professionals
- HR Professionals
- Compensation and Benefits Managers
- Tax Professionals
- Finance Managers
- Accounting Professionals
- Business Owners
- CFOs
- Controllers
- Employee Benefits Administrators
- Payroll Managers
- Compliance Officers
- Human Resources Managers
- Tax Compliance Managers
- Compensation Analysts
- Accounts Payable Professionals
- Corporate Accountants
- Operations Managers
- Internal Auditors
- Incentive Compensation Specialists.
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Chuck Borek is a practicing attorney and founder of the Borek Group, LLC. Chuck is also a CPA, and his background includes five years as a partner in a public accounting firm. He received his law degree and MBA summa cum laude from the University of Baltimore in 1993, where he was editor-in-chief of the Law Review. He has been teaching professionally since 1989, including four years as an Associate Professor of Accounting and two years as a Visiting Assistant Professor of Law.? He has lectured throughout the U.S. and has conducted both live and Web-based seminars. Chuck's publications include Legal Issues for Accountants and Auditors (BNA 2015); Borek's Maryland Business Planning Manual (MICPEL 2008); Hospital Accounting (BNA 2018), Contract Drafting and Review for the Maryland Lawyer (MSBA 2015); as well as numerous law review articles.
