Previously I talked about the accountable reimbursement plan as a way to reimburse yourself for business expenses bought with personal funds. In this article, I delve more into the accountable reimbursement plan.
What is an accountable reimbursement plan?
An accountable reimbursement plan is a method of reimbursing employees for business expenses paid with personal funds. To be considered an accountable plan by the IRS, it must follow these rules:
The
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