Taxation questions for all employers and companies are a continuous struggle. Companies are always looking for ways to promote and keep key talent in their organizations. To do this more companies are giving their leadership/executive teams more fringe benefits versus just compensation. Because of the rise in such fringe benefits, it is becoming more critical for payroll professionals to understand the special payment and or deductions that executive teams could be receiving and the tax implications of such benefits.

This webinar will give a detailed review of different types of highly compensated specific payments and/or deductions and how the best methods to handle the taxation of such payments.

Learning Objectives:-

• Overview of a company car and taxation methods
• Details of aircraft usage for personal reasons versus business
• Different types of reimbursements such as insurance premiums, personal travel, tax planning & or preparation fees, etc.
• Relocation taxation and distance test
• Review of stock options, incentive stock options, restricted stock, etc.
• Bonuses how they should be taxed
• How deferred compensation plans work for executives.
• Different termination pays for executives
• Year-end reporting concerns and what to watch out for