Setting up an accountable plan? Start with a clear written reimbursement policy! #accounting

This will detail:
1️⃣ What qualifies for business reimbursements.
2️⃣ The documentation you need for proof.
3️⃣ How excess reimbursements become taxable wages.
4️⃣ Submission and payment timelines.

A solid policy is your roadmap to compliant and effective reimbursements. Adopt one today! ✍️🛠️📊