April 24, 2025

Webinar

2 CPE

Webinar (CPA Crossings): Payroll Essentials: Fringe Benefits: Taxable or Not? 🗓️

April 24, 2025
Webinar
2 CPE

Webinar (CPA Crossings): Payroll Essentials: Fringe Benefits: Taxable or Not? 🗓️

  • View Bio

    Instructor

    Elizabeth
    Bystrom

    View Bio

    Elizabeth Bystrom

    Bio

    Elizabeth Bystrom, CPA possesses the unique talent of explaining the Internal Revenue Code to people in such a way that they actually understand what she is saying.

    Licensed in the State of Minnesota as a CPA, Elizabeth has been in public practice for over twenty years.  She spent the first ten years of her career working in accounting, business and individual tax departments at a mid-size regional accounting firm just north of Minneapolis, Minnesota before leaving to pursue her own dream of entrepreneurship.

    In 2010, she opened Elizabeth Bystrom CPA, Ltd., a boutique tax and accounting firm located in her hometown, White Bear Lake, Minnesota.

    Her natural approachability combined with her direct and honest style have served to produce a successful practice that serves her clients by unraveling the mysterious world of taxes one tax question at a time.  

    In recent years, Elizabeth created Expansion Consulting Service LLC as a way to spread the wealth of knowledge she has gained over the course of her career.  As a Subject Matter Expert for payroll CPE classes, Elizabeth creates and shares original content and relevant real-life examples, and offers insight into payroll related topics that impact small business and individual taxpayers alike.

🗓️ View additional dates for this course

Fringe benefits are just another way of paying your employees. Do you know how to correctly track fringe benefits, as well as apply and report the various withholding tax rules for those fringe benefits? The IRS says fringe benefits must be included in and reported as a part of employee pay, but with any good tax law, there are always exclusions to that rule. Knowing how to handle fringe benefits can be complicated, especially in an area that changes on an annual basis. Attendees will leave with an understanding of what the requirements are around fringe benefits, what constitutes a fringe benefit, and whether it is taxable or not. We will also explore the evergreen areas of reporting S-Corp Shareholder Health, HSA, and when cash is not taxable compensation. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

After attending this presentation you will be able to...

  • Identify what constitutes a fringe benefit
  • Distinguish between taxable and non-taxable fringe benefits
  • Recall changes made by the TCJA to certain fringe benefit rules
  • Recognize what fringe benefits require reporting on year end W-2s

Major Topics

The major topics covered in this class include:

  • What is and what is not a fringe benefit
  • Payroll tax withholding rules on taxable fringe benefits
  • Payroll reporting on employee checks, payroll returns, and W-2s
  • What to watch for at year end and where to go to get resources

CPE Credits Available

2 CPE
2
Taxes

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Payroll Tax

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

Appropriate for professionals at all organization levels, including seasoned professionals. This includes CPAs in public practice, as well as tax professionals working in industry, including those in Controller and CFO roles with limited exposure to payroll.

Provider

CPA Crossings, LLC

Register For This Event

  • COCPA Member

    $ 89 89
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  • COCPA Non-Member

    $ 116 116
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