I am switching to an S-corp in January. I just learned the term "accountable plan" today. I need some help understanding what this is going to look like logistically. What exactly is an "accountable plan"?
I did look up how to reimburse under quickbooks payroll - so I'm good on that. Just not sure about the tracking part and how the reimbursements should be submitted/documented.
AND lastly, what expenses should be put under employee reimbursement versus S-corp expenses?
