Larry, I run a small business and have two full-time employees. One of the employees is always asking for an advance on her paycheck. I am hesitant to do this without some type of agreement. Do you have any type of agreement so I can make sure I get reimbursed?
Sammie
Sammie, we have a client who recently went through an audit and they did not have a reimbursement plan in place. The auditor was quite fussy regarding this detail.
If you don't have a plan in place, go to Accountable Expense Reimbursement Plan on our website to learn about recording your business expenses.
Larry Kopsa CPA
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