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Previous Tax Clinic items have addressed the deductibility and potentially tax-favored funding mechanisms of tuition and fees as medical expenses for special-needs children (see Goldsberry, Tenney and Luke, "Deductibility of Tuition and Related Fees as Medical Expenses," TTA, November 2002, pp.
When an employee exercises an NQSO, the company compares the allowable tax deduction with the related financial statement compensation expense computed earlier and credits the tax benefit associated with any excess tax deduction to APIC.
- Expense General Ledger Allocations - Allows general ledger accounts to be associated with expense items for streamlining integration of data with accounting systems.
"Travel and entertainment is one of the largest controllable expenses for companies, after personnel and IT services.
A private practice physician's compensation is limited only by his/her ability to generate and collect revenue, and control expenses. Successful private practitioners are constantly trying to raise revenues and reduce expenses in order to increase their personal incomes.
We believe that the diversity and professional training of our members enable us to bring an important, balanced, and practical perspective to the issues raised by the proposed regulations under section 861, relating to the allocation and apportionment of interest expense.
By bringing the entire expense process online, 170 MarkView Expense Management enables users to review the receipts they have submitted when tracking the status of active and past expense reports.
In the past 12 months, as beleaguered companies have had to resort to all manner of accounting legerdemain to dress up their balance sheets, more than two dozen have been criticized for a similarly liberal interpretation of the "unusual" expenses concept.
Separate accounts are established in the employee's name for health care expenses and dependent care expenses.
Tighter expense control and improving credit quality should help bolster income for healthy banks; however, the assets of problem banks are at record levels.
This exception requires a determination of whether TLC (1) incurred the per-diem expenses "under a reimbursement or other expense allowance arrangement with such other person" (its trucking company clients) and, if so, (2) "account[ed] ...
"The Verbal Expense Tracking System is the best and easiest to use expense tracking system I have ever seen, said Botkin, Attorney and Certified Public Accountant and CEO of the Tax Reduction Institute based in Washington D.C.
* Advise the church, temple or mosque to adopt an accountable reimbursement arrangement if an accountable plan is used for business expenses. Be sure the cleric has sufficient evidence to substantiate the amount, date, place and business purpose of the expense.
In the United States, Diners Club Online Expense Reports provides small- to mid-sized companies a fast and simple approach to standardized and streamlined expense reporting.