Accountable Plan 101: Stop Leaving Money on the Table
An accountable plan lets your company reimburse employees/owners tax-free for business expenses (phone, internet, home office portion, mileage, travel, supplies) when you keep proper receipts and substantiation.
Core rules
- Business purpose required.
- Substantiate timely (receipts, mileage logs).
- Return excess reimbursements.
Follow the rules and reimbursements aren’t taxable wages.
Owner tips (S-Corp/LLC taxed as S-Corp)
- Reasonable home-office allowance through the plan (document sq. ft. & % use).
- Phone/Internet split by business use.
- Mileage at standard rate (keep logs).
How to implement
- Adopt a one-page policy (who, what, how to submit, deadlines).
- Use an expense app and monthly cutoffs.
- Book reimbursements correctly (not as wages).
How Black Inc can help
We’ll draft your policy, set up the workflow/app, and train your team so reimbursements are audit-ready and tax-efficient.
Black Inc Tax — Los Ángeles + Virtual (EE. UU. y Canadá)
Same-day consults. Clear action plan. Compliance done right.
📞 (323) 364-5589 • ✉️ Message us to get started today.