Why your company needs a travel policy

Description

Abstract: If your employees travel regularly for business, it’s important to develop a written travel policy. A well-designed policy has many benefits: It provides employees with guidance on appropriate business spending, helps you control your travel costs, and ensures that you have the documentation needed to support income tax deductions and withholding and payroll tax exclusions. This article explains how to develop a travel policy for your employees. A sidebar delves into the subject of per diems. (Updated 4/4/12)