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.
Impact and considerations
Businesses must adapt to changing employee benefits, ensure tax compliance, and avoid penalties and audit risks.
Key points
- Travel spending dropped from 65% in 2019 to 33%.
- 10-20% of transactions may include taxable employee benefits.
- Businesses need automated systems to manage taxable benefits.
- SAP Concur partners with Blue dot for a solution.
- Non-compliance can lead to audits and penalties.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 9 Aug 2022, 18:07
- Page published
- 14 Aug 2026, 08:31
- Last updated
- 9 Aug 2022, 18:07
- Original links
- SAP Concur Blog：Employee Benefits are Expanding: What Businesses Need to Know for Tax Compliance (opens in a new tab)Primary source · en · Published 9 Aug 2022, 18:07