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Lavish or Extravagant Expense
(redirected from Extravagant Expense)

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Lavish or Extravagant Expense
A business expense that is significantly higher than what is considered reasonable. For example, if a company pays triple the market rate for office supplies, that amount may be a lavish or extravagant expense. These expenses are not tax deductible and so may increase a company's tax liability.


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IN TERMS of popularity, ticket touts probably rank alongside traffic wardens, timeshare salesmen and MPs fond of submitting extravagant expenses claims.
Your decision is all-important and life-changing one and you have to be sure that you get the best results without any side effects or extravagant expense.
These kinds of practices will not only help evade any mishap but also lessen extravagant expenses that you might have paid otherwise.
 
 
 
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