Demystifying Taxable Benefits
Thursday, September 21, 2023
11:00 AM - 12:15 PM
Whether you work for a large or small client, as someone with potential responsibility or oversight for payroll or benefits you have a responsibility to follow government prescribed rules relating to the accurate assessment and reporting of taxable benefits. It is also important to communicate these rules, along with the associated risks of non-compliance, to various clients and employees to ensure compliance.
While many taxable benefits are well-documented and explained in government publications, there are still many grey areas that require the attention of payroll. This session will cover the basics of taxable benefit decision-making, highlight recent changes to taxable benefits, some as a result of the pandemic, and provide opportunities for professionals to share and discuss their unique taxable benefit situations. The session will review legislative requirements for taxable benefits, paying particular attention to taxable benefit grey areas that cause uncertainty. Join us as we demystify these very important finance and payroll compliance-related issues.