Travel Expenses

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Travel Expenses

Expenses incurred when a person conducts business away from home. For example, if one must travel to another location to conduct a meeting with an important client, any lodging, meals, or transportation costs usually count as travel expenses. One may deduct travel expenses from one's taxable income, provided they are in fact directly related to business. For this reason, travel expenses are somewhat controversial; some companies, for example, book a business meeting at a major resort and deduct the entire cost. Whether this is an actual travel expense is a matter for debate.

Travel Expenses

Travel expenses include meals and lodging and transportation expenses while away from home in the pursuit of a trade or business (including that of an employee). Other travel expenses include laundry, shipping, tips, and computer rental fees.
References in periodicals archive ?
Travel expenses, Michaelides added, are paid to deputies even in the summer months, when the House is not in session.
The survey findings demonstrate the opportunity for companies that are not automating the travel expense process to reevaluate their expense reporting practices to ensure the right policies, processes, and investments maximize savings," he added.
With a strong portfolio of over a thousand multi-national and local corporate customers in this region, I am confident the Business Travel Account will help companies achieve enhanced management control over their travel expenses as all billing is methodically archived in a centralised database.
Board treasurer Jerry Fedele called that a relatively small amount, considering the total travel expenses examined.
After successfully navigating the road to deductible travel expenses, many travelers hit this final pothole and lose part or all of their travel expense deductions.
That action was the only result of a complete financial review of travel expenses paid to athletes in 17 intercollegiate athletic programs at the university.
Significant deductions can be obtained by qualifying for the travel expense deduction.
Enter, edit and delete common business travel expenses, such as mileage, meals, and lodging
ACH direct deposit offers incredible time saving advantages for our customers, and ExpenseWire delivers extraordinary payback by targeting one of the largest controllable cost centers - travel expenses.
DATABASICS Travel Expense Budgeting combines prospective travel with actual travel expenditures to take the "guess-work" out of budgetary decisions.
All Peco Pallet employees now use ExpenseWire to fully automate their travel expense report processes.
In a recent profile, Aberdeen Group defines Gelco's products and services as a front runner in travel expense management.

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