An accountable plan is a method for reimbursing employees, partners, members, shareholder-employees of an S Corpm and independent contractors for any authorized business-related out-of-pocket expenses. If the accountable plan satisfies the requirements specified by the IRS, reimbursements for any and all eligible business related expenses are not considered income to the employee, etc., but are considered a deductible expense of the business. For the plan to be considered an accountable plan, it must be for business related expenses incurred within the normal course of employment, be adequately accounted for and to the employer in a timely manner, and that any excess reimbursement be returned to the employer. Here is a link to a Sample Accountable Plan:
https://accountants.intuit.com/taxprocenter/wp-content/uploads/2017/09/a21e5-accountableplanagreemen...
