Every business incurs expenses, and often employees are the ones who incur those business expenses. The expense reimbursement process is the way that employers pay back employees who have spent their own money for business-related expenses.
There is a lot to know about employee expense reimbursements to make sure you get it right, including IRS rules around whether employee expense reimbursements are taxable income. For even more, read our blog post with details on employee expense reimbursements and accountable reimbursement plans.This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.
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