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Home :: Travel and Entertainment

Travel and Entertainment
Travel and entertainment expenses are the costs supported by an employee during a business trip or while entertaining a company client. Travelling expenses usually revolve around lodging, meals and transportation. Entertainment expenses generally include the costs incurred by a staff member while bonding with the customers and company partners in different ways (taking them to a theater, to a sporting event or to dinner, for example). In most cases, travel and entertainment costs are tax-deductible.

Travel and entertainment expense is straight-forward as long as people keep track of their receipts and have a system to keep things organized.

The sheer amount of nuances that can be associated with a trip means that the tracking of expenses needs to have time put into it. The HR department of a company can help by creating rule and guidelines for anyone that travels as a part of their job.

Poor management of a company's accounting when it come to travel and entertainment expenses can cause accounting problems when it comes to tax reporting. Entertainment as a part of company business can be even more complicated - but again as long as there are records and the expense can be justified all should work out well.

If you travel or entertain for business the most important part of being reimbursed and to report properly for tax purposes is to keep careful and well document records of all your travel and entertainment expenses.

How to improve gas mileage in a truck

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How to increase mpg

Visit Efficiency Experts Would you like to increase the mpg by 8-15%? The answer is with the KRAFTSTOFF Fuel Savings Patch that works as soon as it is installed to a vehicle's fuel tank. The Patch will allow the car to increase gas mileage and therefore, you will save on fuel costs! The patch will easily apply to any vehicle's fuel tank. Visit Efficiency Experts, LLC's website to learn more about the fantastic new technology!

 
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