Webinar: The Tax Benefits of Implementing a Per Diem Plan and How to Stay Compliant
This event is complimentary to all OTA members.
In the aftermath of tax reform, which impacted company drivers by eliminating the personal income tax deduction for out-of-pocket business expenses, more carriers are considering implementing per diem plans. By recognizing the portion of driver pay that encompasses these expenses, these plans can provide clear payroll and income tax savings, and in many cases they provide drivers with more after-tax pay than under the previous deduction model. However, running afoul of the IRS's accountable plan can jeopardize these savings. Katz, Sapper and Miller's Troy Hogan will describe the tax benefits that per diem plans offer and Scopelitis' Steve Pletcher will discuss how to stay compliant once a plan is in place.
Troy Hogan, Director, Katz, Sapper & Miller's Business Advisory Group
Troy is a member of the firm's Transportation Services Group. Troy consults with clients to manage business issues specific to the transportation industry and finds solutions for concerns around per diem, fuel tax credits, and driver leasing issues.
Steve Pletcher, Partner, Scopelitis, Garvin, Light, Hanson & Feary
Steve directs the firm's employment tax controversy and employee benefits, as well as its alternate workforce strategies section, which offers advice and counsel to motor carriers and alternative staffing companies on driver leasing issues.