Purchasing Card Compliance with IRS Guidelines

Duration: 60 Minutes
This webinar highlights the evolution of IRS involvement in the use of credit cards for business use, more commonly referred to as Purchasing Cards. As usage has increased in recent years so has the governance of these transactions. Many changes have occurred or been proposed that haven’t been as publicized as needed so many companies are left wondering. The goal of this webinar is to help uncover some of these changes so your business can operate optimally in the credit card space.
Purchasing Card Best Practices
Instructor: Brent Meyers
Product ID: 500237

Are you meeting all the requirements for credit card reporting that the IRS has put forth? I hope the answer is yes, but many times when faced with an audit issues are found. The more information you are armed with when facing potentially foreign territory. While the recent legislation form the Durbin amendment does not affect issuance or usage of credit cards it has shown light on the entire process.

Why Should you Attend:
With the evolution of software systems by credit card issuers compliance is becoming an easier process, but there are still many things that need to be reviewed at least monthly to make sure all requirements are being met. The dollar amount of the receipt is always a hot topic as well as the amount of food, travel, and lodging expenses that can be deducted as business expenses. These topics and many more will be discussed.

Objectives of the Presentation:
  • Receipt requirements
  • Standard for 1099 reporting
  • Percentage/ dollar amount of business expenses that can be written off
  • Reasoning for business expenses
  • Requirements for names on cards
Who can Benefit:
  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Operational Risk Managers
  • Credit Card Program Administrators
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Brent Meyers has extensive knowledge of the accounts payable process in today’s business environment. He is responsible for business development and commercial card services within the Midwest Territory. He specializes in Automated Accounts Payable, regulation compliance, and expense reporting solutions. Prior to his current role, he spent more than 8 years working at a large retail company located in St. Louis, MO. There he held positions in Accounts Payable; Claims; and Credit Cards, both on the merchant and issuing side.

Brent currently resides in St. Louis, MO. He received his Finance degree from Indiana University in Bloomington, IN. Brent is an Accredited Payables Solutions Consultant through The Accounts Payable Network as well as a Certified Purchasing Card Professional through the National Association of Purchasing Card Professionals.
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