business expenses — INSIGHTS — SLATE ACCOUNTING + TECHNOLOGY

How to Set Up an Accountable Plan for Expense Reimbursements

Establishing an accountable plan allows you to reimburse employees, owners and shareholders for those expenses—potentially even home office expenses—in a tax-advantaged way for both parties.

Advisory Services, Business TaxesJustin ThomsenApril 24, 2023expense reimbursements, business expenses, business-related expenses, employee expense reimbursements

How to Create an Expense Reimbursement Plan for Your Business

Traveling, taking clients out for coffee or lunches, and buying office supplies—these are all costs that employees might charge to their personal credit cards as part of their jobs.

It’s common practice for the business to pay employees back for job-related expenses. Handling expense reimbursements correctly ensures you do it in the most tax-advantaged way while keeping your employees happy.

Business Taxes, Advisory ServicesJustin ThomsenSeptember 27, 2022expense reimbursements, business-related expenses, business expenses, employee expense reimbursements, reimbursable expenses, accountable plan, nonaccountable plan, expense reporting

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