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IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2022

ThomsonReuters

This notice, which replaces IRS Notice 2021-52 (see our Checkpoint article ), announces rates for use under the optional high-low substantiation method, special rates for transportation industry employers, and the rate for taxpayers taking a deduction only for incidental expenses. Contributing Editors: EBIA Staff.

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Supreme Court’s Abortion Ruling Indirectly Impacts Employee Benefit Plans

ThomsonReuters

For more information on the underlying employee benefits issues, see EBIA’s Cafeteria Plans manual at Sections XX.D (“Expenses Reimbursed Must Be for Medical Care”) and XX.L.8 Employers should seek the advice of experienced employee benefits counsel as they consider their options.

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What Are the Tax Consequences of Providing Per Diem Payments for Employee Travel Expenses?

ThomsonReuters

Special reimbursement rates may be used for employees in the transportation industry. Per diems can cover lodging, meals, and incidental expenses, or just meals and incidental expenses. The post What Are the Tax Consequences of Providing Per Diem Payments for Employee Travel Expenses?

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Tracking Business Expenses on the Go

Pooley Accounting Services

Project accounting can be difficult to manage, especially if it includes tracking billable expenses on the go. When employees travel to a client’s location to install software or equipment, transportation and living expenses are billed to the client. Getting employees to document their expenses can be a struggle.

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IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2021

ThomsonReuters

This notice, which replaces IRS Notice 2020-71 (see our Checkpoint article ), announces rates for use under the optional high-low substantiation method, special rates for transportation industry employers, and the rate for taxpayers taking a deduction only for incidental expenses. Contributing Editors: EBIA Staff.

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Data Enablers: Runzheimer, Track Business Mileage From A To B

PYMNTS

The transportation element of any business boils down to efficiency and productivity. In terms of mileage, there is a true slew of accounting and management issues: how many miles, how quickly an employee can get to the next meeting, how to reimburse — take your pick. Getting from A to B is all about data and analytics.

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Uber’s Ecosystem Ambitions, Plus Amazon Sizzles While Facebook Fizzles

PYMNTS

According to reports from a few weeks ago, Toyota Motor is gearing up to invest $500 million in ride-hailing company Uber Technologies as part of a deal to work on self-driving vehicles, with an eye toward making them safer and lowering the cost of transportation. Wells Fargo: No good, terrible week for Wells.