Latest on Travel Related Expenses, Tax Reporting, + Withholdings Related to Coronavirus
Here’s an informative article on “Compensation considerations related to coronavirus relocations” for Finance/HR teams to understand the latest updates on employment tax reporting and withholding considerations for travel related expenses and relocating employees based on current federal tax rules.
- Temporarily relocating employees
- Permanently relocating employees
- Travel expenses of family
- Private aircraft usage
- Expenses if an employee is quarantined
The impact of events related to COVID-19 are changing daily and employers are continually prioritizing the safety, health and well-being of their employees. Organizations should follow their local, Regional, State and Federal organizations (IRS) as required for the latest updates and requirements.
💡For insights on how to effectively manage business travel expenses, check out the 👉️blog.