Employee Benefits are Expanding: What Businesses Need to Know for Tax Compliance

SAP Concur article discusses how remote and hybrid work have expanded employee benefits, requiring businesses to manage tax compliance for taxable benefits. Travel spending dropped from 65% in 2019 to 33%, while miscellaneous spending rose. Blue dot analysis found 10-20% of transactions may include taxable benefits. Businesses need automated systems to accurately report taxable benefits and avoid audits and penalties. SAP Concur partners with Blue dot for Concur Benefits Assurance.