Resource Highlight: MCAA’s Tax Requirements Applicable to Travel Reimbursements, Advances and Subsistence Allowances

October 27, 2023

Mechanical contractors must satisfy federal employment tax requirements with respect to all “wages” paid to employees. MCAA’s Tax Requirements Applicable to Travel Reimbursements, Advances and Subsistence Allowances explains the tax rules and addresses the related question of the employer’s right to deduct these payments as ordinary and necessary business expenses. It’s just one of MCAA’s educational resources that are free to MCAA members as a benefit of membership.

The bulletin explores:

  • Withholding requirements
  • Deductibility substantiation requirements
  • Income tax consequences to the employee

For a full list of available Management Methods Bulletins, visit the Management Methods Bulletins page.

Have Questions or Need Personal Assistance?

Contact MCAA’s Frank Wall.

Related Articles
The Manufacturer/Supplier Training area of MCAA’s website connects our contractor members with training opportunities available from the members of MCAA’s Manufacturer/Supplier Council.…
MCAA’s Virtual Trade Show connects our contractor members with the members of MCAA’s Manufacturer/Supplier Council.…
Miscommunication and excessive administrative efforts led Modern to adopt MSUITE technology to manage their fabrication operations in unison with other departments. “MSUITE helps prioritize the work for our shop managers to make sure we’re on the right track,” said Jim Tedrow, piping operations leader.…
Registration is open for the 38th Annual MSCA Education Conference where we will journey into uncharted territories, set against the stunning backdrop of Colorado Springs, CO, September 22-25, 2024. With a theme of exploration, the conference invites attendees to push the boundaries of our industry and envision what lies ahead. Here's a glimpse of what you can expect...…
Load More...