Be in the know when it comes to travel expenses
Abstract: When employees travel for work, they expect to be reimbursed for costs they incur. Developing a travel policy that dovetails with IRS regulations and is understood by workers can help prevent misunderstandings. This article examines accountable and nonaccountable reimbursement plans, travel policy guidelines and per diem reimbursements. A sidebar discusses updated criteria regarding the deductibility of local lodging.