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Friday, June 9, 2023 Live Webcast

Payroll Essentials: Fringe Benefits: Taxable or Not? (X2-35993)

1:00 PM - 3:00 PM EDT

Vendor Platform

2 CPE Credits in TX


Fringe benefits are just another way of paying your employees. Do you know how to correctly track fringe benefits, as well as apply and report the various withholding tax rules for those fringe benefits? The IRS says fringe benefits must be included in and reported as a part of employee pay, but with any good tax law, there are always exclusions to that rule.


Appropriate for professionals at all organization levels, including seasoned professionals. This includes CPAs in public practice, as well as tax professionals working in industry, including those in Controller and CFO roles with limited exposure to payr


After attending this presentation you will be able to...

  • Identify what constitutes a fringe benefit
  • Distinguish between taxable and non-taxable fringe benefits
  • Recall changes made by the TCJA to certain fringe benefit rules
  • Recognize what fringe benefits require reporting on year end W-2s


The major topics covered in this class include:

  • What is and what is not a fringe benefit
  • Payroll tax withholding rules on taxable fringe benefits
  • Payroll reporting on employee checks, payroll returns, and W-2s
  • What to








Elizabeth Bystrom

Elizabeth Bystrom, CPA

Expansion Consulting Services

Elizabeth Bystrom, CPA, is the owner of Elizabeth Bystrom CPA, Ltd. a boutique CPA firm, located in White Bear Lake, Minnesota.

Elizabeth possesses the unique talent of explaining the Internal Revenue Code to people in such a way that they actually understand what she is saying.

Over the course of her 20+ year career in public practice, Elizabeth’s natural approachability, combined with her direct and honest style have served to produce a successful tax practice that serves to unravel the mystery of both business and individual taxes for her clients.

She is a member of the MNCPA and the AICPA, and can be found sharing her tax expertise with local and national media in her role as a spokesperson for the MN State Society of CPA’s, as well as an instructor for online and live tax and accounting courses through her consulting practice, Expansion Consulting Services, LLC.