what is the business expense reimbursement?

angel · Apprentice Joined: 04 Nov 2005 Posts: 8

Since I always go on business trips I want clear up expenses that are reiombursable. In fact, what is the business expense reiombursement? How are those expense reiombursement established and recorded? Are they regulated by government? And how can I deduct those expenses? Where can I find information for my questions? Anyone knows anything?

shay · Apprentice Joined: 07 May 2005 Posts: 14

Employee business expenses include the cost of business travel, local transportation, entertainment, gifts and all business related features and they have to be approved in advance, especially when it comes to travel costs and business lunch. Business expense reiombursement when you are able to deduct money you spent on the behalf of your company. Costs of entertainment and gifts are not necessarily reiombursable. You have to submit adequately filled receipt to your employer within reasonable time period and return any excess reiombursement or allowance. The state has regulatives on business expense reiombursement and every company have to make own regulations according to the state law.

what is the business expense reimbursement?

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