Both the Internal Revenue Service (IRS) and the Department of Labor (DoL) have requirements that need to be met when considering compensable travel pay. The requirements for this segment of pay have to be met from gross pay and overtime calculation.
Many components go into making this calculation. Factors such as one day assignment but overnight concerns, waiting time, meeting and training regulations come into play. Making these calculations rightly is important to meet the requirements set out by the DoL and the IRS. The requirements of both these departments have to be satisfied if incorrect entries have to be avoided.
Knowledge of how to apply them is important
Further, IRS regulations need to be grasped properly for gaining understanding of taxable and non-taxable expenses such as how to properly handle spousal travel and frequent flyer miles.
This requires a proper understanding of the way the requirements are set out by these two departments, plus clarity of how to apply them. This is the teaching a webinar from TrainHR, a leading provider of professional trainings for the human resources industry, will be imparting.
Dayna Reum, who is Payroll Tax Manager at PetSmart Inc., and has been heavily involved in the payroll field over 15 years, will be the speaker at this webinar. To gain understanding of the way travel pay has to be handled from a payroll perspective; please enroll for this webinar by visiting TrainHR
Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM.
Credit is awarded based on the actual educational time spent in the program.
All areas of travel pay
In this session, which will be of value to everyone connected with the payroll, such as Payroll Professionals, Compensation Professionals, HR Professionals, and Benefit Professionals; Dayna will cover the following areas:
- Gross Pay/Overtime Concerns
- Defining “Hours Worked”
- Preliminary and postliminary Activities
- “On-Call” Time
- “On-Duty” Waiting Time
- Training And Seminar Time
- Travel Time
- Taxation and Expense Concerns
- IRS Travel Expense Concerns
- Accountable and Non-accountable Expense plans.