Reimbursement

Employee Reimbursement 101 – Minimizing taxable expenses and staying compliant with laws and regulations.

Keeping clients happy, vendors paid, and operations running smoothly is a tall task for any business — especially smaller organizations. For convenience’s’ sake, many employers find that allowing employees to pay certain expenses from their own pockets and reimbursing them later is a virtual necessity. However, business owners should be aware that this common practice does entail a bit of responsibility.
 Broadly speaking, there are three different ways of...