As CFOs, we have a lot on our plate. We spend far more time worrying about maximizing performance and hitting quarterly sales targets than we do thinking about the comparatively minor risk of hypothetical fraud, misuse and waste impacting our…
Business / Travel Expenses
Companies are getting a small break! IRS is temporarily letting businesses take a 100% deduction on food and beverages from restaurants. As you know, your company can typically take a 50% deduction on meal and beverage costs, as long as:…
Are you and your finance team still wondering exactly what to expect for business travel recovery during the rest of 2021 and beyond? There’s new insight: The Global Business Travel Association (GBTA) published its twelfth annual BTI Outlook. It includes…
As much as your finance department dislikes scrutinizing expense reports, travelers may disdain filling them out even more. In fact, about a quarter (24%) of travelers said they’d rather have a cavity filled than complete an expense report in a…
Your company may use virtual cards for vendor payments – and now, some providers are looking to bring them into the business travel world. As most finance pros know, virtual cards, or “ghosts cards,” each have a unique 16-digit number…
Of all the aspects of company operations that have been affected by the COVID-19 pandemic, business travel may take the cake. Employees' flights were canceled or postponed. Hotel fees stopped trickling in. Even important client dinners were put on hold.…
Though business travel was slowed by the pandemic, it’s starting to pick up again, and trip approval requests will be trickling in. Fact is, many companies are feeling the pressure to return to a sense of normalcy. And though Zoom…
Work looked different for most of this year ... and so did the type of expenses employees tried to submit for reimbursement. We have 16 of the craziest business expenses of the year. See if you can guess which ones…
During the coronavirus pandemic, effective communication of T&E information has become even more critical than normal. The question is: How do employees want to hear coronavirus-related travel and expense news? A recent study from BCD Travel asked employees what their…
Update: IRS finalized and published these business expense regulations in the Federal Register, effective Oct. 9, 2020. It’s about time! There’s finally more clarity to help your company correctly deduct certain business expenses on your tax returns. IRS recently posted…
Here’s new insight for your finance department on how to compliantly reimburse delivery drivers for their mileage expenses. As you know, per the Fair Labor Standards Act (FLSA), companies must pay nonexempt employees at least minimum wage for all the…
Right now, health and safety are major concerns in the business travel sphere, making contactless payments an appealing option for companies. In fact, contactless payments (e.g., mobile pay) could see a major surge due to the coronavirus pandemic. And they…
