In which of the following cases is the employer entitled to a travel expense deduction?
In which of the following cases is the employer entitled to a travel expense deduction? The employer is typically entitled to a travel expense deduction. This is because the manager is traveling to distant branch locations for work purposes, and the expenses incurred during those overnight trips may be eligible for travel expense deductions, subject to tax laws and regulations.
How do I ask for travel expenses reimbursement?
How do I ask for reimbursement of travel expenses? Politely approach your supervisor with an itemized list of expenses incurred or expected during the travel and offer a clear reason why this travel is critical to your work and the responsibility of the company.
Can I write off my car payment as a business expense?
Car loan payments and lease payments are not fully tax-deductible. The general rule of thumb for deducting vehicle expenses is, you can write off the portion of your expenses used for business. So no you cannot deduct the entire monthly car payment from your taxes as a business expense.
What is not considered a travel expense?
Personal expenses, such as a new pair of shoes, don't count, even if you're traveling when you make the purchase.