Accountable vs. nonaccountable expense reimbursement plans

Need to reimburse employees for expenses? Following specific rules can help you avoid tax consequences.

Ready to start your business? Plans start at $0 + filing fees.

Stephen Sylvester

by Stephen Sylvester

Stephen Sylvester, CPA helps CPA and finance firms turn expertise into new clients. By transforming esoteric technica...

Read more...

Contents

Updated on: March 14, 2024 · 3min read


Twitter logoFacebook logoLinkedIn logoReddit logo
This article is for informational purposes. This content is not legal advice, it is the expression of the author and has not been evaluated by LegalZoom for accuracy or changes in the law.

You may also like

Starting a Business

What does 'inc.' mean in a company name?

'Inc.' in a company name means the business is incorporated, but what does that entail, exactly? Here's everything you need to know about incorporating your business.

October 9, 2023 · 10min read

Trademarks

Why do I need to conduct a trademark search?

By knowing what other trademarks are out there, you will understand if there is room for the mark that you want to protect. It is better to find out early, so you can find a mark that will be easier to protect.

October 4, 2023 · 4min read

Business Taxes

10 key tax deductions for your small business

Own a small business? You may benefit from utilizing these 10 deductions to lower your taxable income. Key deductions include those for home office expenses, health insurance premiums, and startup costs.

January 31, 2024 · 5min read