BOOKKEEPING SUPPORT
What expenses can be deducted from a business trip?
IMPORTANT
According to the IRS, a business trip is considered a "travel, undertaken for business purposes " and refers to business expenses for business trips if the trip "away from home" lasts longer than a normal working day. The IRS defines "away from home" as being outside the city of the main place of work or business location. In order for a trip to be considered a business trip, most of trip time should be devoted to solving business problems. Namely: seminars, conferences, presentations, business meetings and so on. All these events must be documented: ticket, booking or business correspondence in e-mail about the appointment of the place and time of the meeting. We also recommend keeping comments in notes about the results of each business meeting, what exactly was discussed and what agreements and arrangements were reached.
WHAT ELSE CAN BE WRITTEN OFF FOR TRAVEL EXPENSES
1. Plane, train, bus tickets.
2. Hotel or rental of a place of residence during a business trip.
3. Taxi using your own or rented car.
4. Parking, fare.
5. Phone expenses.
6. Dry cleaning.
7. Delivery of luggage and necessary materials.
8. Other expenses related to your business trip.
1 step
Organization of accounting
2 step
Processing of primary accounting documentation
3 step
Bank reconciliations
4 step
Correction and correction of data
5 step
Settlements with suppliers, contractors and customers
6 step
Tax accounting and reporting
7 step
US financial reporting
Well done!
WHAT OTHER EXPENSES ARE CONSIDERED AS BUSINESS EXPENSES?
And also other questions, related to running your business, can be asked as part of your company's accounting support.
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