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Best Practices for HMRC Travel Expense Management

Accounting Insight

We’ll also share some of the best practices and tools to make managing travel expenses less of a hassle. Which travel expenses are deductible? If your organization’s employees travel for work to a temporary location within the past four years, they may qualify for tax relief.

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Travel expense management: How T&E benefits your business

Accounting Insight

What expenses are included in T&E? T&E expenses are the costs incurred for business travel, entertainment, and meals. And for SMEs, these expenses can be a tax deduction for your business and can reduce your taxable income to help lower your tax bill.

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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expense management, alternative finance and data integration spaces. 2nd Address.

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Small, Early-Stage Funding Rounds Dominate B2B FinTech

PYMNTS

But the largest venture capital funding round went to an accounts payable automation firm in the U.S. This Indian startup offers small and medium-sized businesses cash flow management solutions through an array of services, like invoice management, expense tracking and other features, reports said last week. Baoku Online.

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Disaster-Proof Spend Management Solutions — For When Disaster Strikes

PYMNTS

As such, they can struggle to organize flight bookings, handle payments, manage trip expense records and more. The February Workforce Spend Management Tracker , a collaboration with PEX , tracks how solution providers are seeking to bridge this gap to meet the business travel expense management needs of SMBs and freelancers.

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India’s MakeMyTrip Taps Into Blossoming Corporate Travel Market

PYMNTS

According to Magow, the MyBusiness solution will also help business users remain compliant under new goods and services tax (GST) rules and streamline the process by which SMBs claim GST credits. Reports also noted India has responded to rising demand among small businesses for business travel solutions.

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LateRooms.com: Virtual Cards Stumble (And Stride) In Corporate Travel

PYMNTS

To address the issue for companies booking accommodations, LateRooms.com Business recently announced a partnership with Diners Club , launching its Business Statement Account to consolidate businesses’ travel spend on a single virtual card program. Most of the surveyed business travel buyers in the U.S.