Business/ Travel Expenses
Most employers have employees who travel on business and entertain
clients at least occasionally. To keep expenses under control and ensure ease
of administration, most companies develop policies and procedures for company
reimbursement of travel expenses. Policies for business travel and entertainment
should be designed to support the employer's overall business objectives as
well as limit employee abuse.
Policies vary considerably. For example, some employers have
employees travel first class. Others limit travel and entertainment expenses
to the bare minimum. Most employers have a policy that fits between the two
extremes. Some employers reimburse for actual expenses while others pay a
set daily amount to cover some or all cost (per diems).
An effective policy should include specifics on what--and how
much--the employer will pay for travel, hotels, registration fees, meals,
and miscellaneous expenditures.
Summary for [Your State]