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Wednesday, April 23, 2014

How to Make Business Travel Fun?

When it comes to business travel there are a lot of thing that you must need to consider to go for it but sometimes you don’t have the choice because it is needed by the company and you are sent by the company. Some of the employee consider that business travel is a stressful thing to do exactly it is always in my mind that you need to travel to the other place just go for the meeting or other business functions. Being in the trip considered to be hassle making reports with it.

It is very essential to the any business travelers that after the trip to make all the expense reports and need to be pass in the office but somehow most of the employee find it really hard in their part especially if some of the credentials that are needed for the reporting are missing such as the receipts. Receipts are very important if you are making reports after your trip. Travel can be very expensive. When you travel for business, many of your expenses can be written off at tax time. This will save you a lot of money if you know how to do it correctly. But you don't want to overdo it and risk being audited. It's a careful process and some areas have thin lines. You'll want to know exactly what you're doing.

The most important thing to know is what is deductible and what isn't. A lot of things can be written off as business travel expenses, but you don't want to get ridiculous with it or you could find yourself in trouble. Ask yourself if your trip is primarily for business, or pleasure. Even if it is primarily a business trip, things you do for pleasure on the side may not be deductible.

When a purchase IS business related, you can write it off. Nearly anything counts. Hotel rooms, airfare, travel documents, meals, cab fare, dry cleaning, and business related long distance calls. But you'll need to save all the documentation. This mostly pertains to receipts. While you may not need to send the receipts with your tax claim, you will need to have them in case you get audited so that you can back up your claims if they are called into question.

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