Some portion of the employee's education that is covered by the employer may be considered taxable by the IRS.
Our service is configured to apply the taxation rules, as interpreted by your Organization, to the employee approval process for tuition assistance. EdFlo tracks the taxable portion of the employee's educational expenditures, and provides settlement reports to the Employer's finance office.
In addition, the service tracks employee grades, tuition assistance caps, and all educational expenditures purchased through EdFlo. See our reporting functionality for more information on the payment tracking features.