October 3, 2010

Tips for traveling executives

All non-reimbursed business expenses may be deducted from personal income forms. Save receipts, tickets, and diary entries.

Car expense accounts should include actual odometer readings of business day, gas, tolls, repairs, parking, and other auto related expeditures.

Business and entertainment expenses should be kept separately. Meals, entertainment, and gifts should be put on list with date, place, and purpose of meeting.

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