SOC Tip #20

SOC 2 reports will be technical in nature given the five Trust Principles.

Reimbursing Travel Expenses for Employees Traveling Overseas

When employees travel for business, they must substantiate lodging, meals and incidental expenses in order to seek tax-free reimbursement from their employer. Similarly, the employer must meet substantiation requirements to show the travel costs are deductible as ordinary and necessary business expenses...

To Qualify for Head of Household Filing Status, Do I Have to Claim My Child as a Dependent?

For tax purposes, the parameters of head of household status are not always easily understood. For instance, many taxpayers assume that they need to claim children as dependents in order to qualify for head of household filing status. This is not always the case...

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