Tag: accountable plan

Latest Posts From Tag: accountable plan

A person sits at a desk, using a smartphone to manage receipts for reimbursement. Nearby, a pen, a credit card, and paper receipts are spread out. The scene conveys the process of digitally tracking and submitting expenses to meet IRS reporting deadlines

Small Business

Choosing the Best Reimbursement Plan for Your Business

Businesses can reimburse employees for eligible out-of-pocket, work-related expenses through either an accountable or a nonaccountable employee reimbursement plan. The key difference lies in how the payments are treated for tax purposes. In an accountable plan, employers can reimburse employees

September 22, 2025

Benefits

Give Your Staffers A Break With An Accountable Plan

Accountable plans reimburse employees for work-related expenses free of federal income and employment taxes. So reimbursement payments aren’t subject to withholding from staffers’ paychecks. Your not-for-profit also benefits because the reimbursements aren’t subject to the employer’s portion of federal employment

May 20, 2025