Instructor
David Peters
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Instructor
David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA
Founder & Owner, Peters Professional Education
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA, and is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for Surgent, Kaplan, the AICPA and Don Farmer Tax Courses. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States.
He holds four master’s degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the Virginia CPA Ethics course in 2018, 2019 and 2020 – a required course for all CPAs licensed in the Commonwealth of Virginia.
Education
Certifications
Activities & Associations
Due to hybrid and remote work environments, many companies are rethinking their employee reimbursement policies. Therefore, it is imperative for practitioners to know which expenses are reimbursable, the impact of these expenses on the W-2, and proper substantiation requirements. Using easy to follow examples and discussion, this course will explore these topics as well as which fringe benefits need to be added back into the W-2 – and which do not. We will also identify some best practices so you will be well prepared for the next client question that comes your way.
- Identify which expenses must be reported in employee/contractor income.
- Recognize the difference between accountable and non-accountable plans.
- Recall strict substantiation requirements.
- best practices for documenting employee expenses.
- Exempt Fringe Benefits
- Taxable Fringe Benefits
- Fringe Benefits & 2% S-Corp Shareholders
- End of the Year Employer Obligations
- Accountable vs Non-Accountable Plans
- Substantiation of Business Expenses
- Travel Expenses
- Business Expenses
- Strict Substantiation
- Best Practices
- Summing It Up
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Tax practitioners, small business owners, and other accountants looking to serve their companies or clients in the areas of payroll services or operations.
