Best Practices Processes for Travel and Entertainment Expenses - IRS Tax Codes, Audit Tips and Documentation
Instructor:
Candace Leuck
Product ID: 704567
Training Level: Intermediate
- Duration: 90 Min
Why Should You Attend:
- Does it only confuse you to read IRS guidelines for deducting travel and entertainment expenses?
- Are the specific rules making you wonder if compliance with the tax code will leave you forever in a maze?
Join us to learn how to avoid missing out on deductions both now and in the event of an audit without having to hire an entire department to keep up with the complexity.
Learning Objectives:
- Identify costs that are deductible but often missed
- Define transportation, business travel, and commuting and highlight differences
- Discuss Section 162
- Discuss entertainment Section 1.274
- List categories of expenses related to substantiation requirements of Section 274(d)
- Explain procedures that are helpful during an IRS audit
Areas Covered in the Webinar:
- Travel expenses
- Entertainment expenses
- Auto expenses
- Apportionment of business versus personal use of vehicles
- Missed expense opportunities
- Audit tips
- Documentation requirements
Who Will Benefit:
- Accountants
- Business Owners
- Compliance Managers and Officers
- Risk Managers and Officers
- Controllers
- Managers/ Supervisors
- Sales Representatives
- Marketing Personnel
- Retail Businesses Owners
Candace Leuck
Owner, Athena Finance Group Inc
Candace Leuck, CPA, is the president of Athena Finance Group, where she specializes in strategic planning, distressed entity recovery, valuations, and educational programs. Before that, Ms. Leuck worked as a manager at Ernst & Young and taught courses at Clemson University’s School of Accountancy and Legal Studies, Furman University, and The University of North Carolina at Greensboro. Ms. Leuck earned her Master of Professional Accountancy (audit emphasis) from Clemson University.
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