Business opportunity and other small- to medium-sized business (SMB) owners who want to learn more about how they can track and manage their own travel expenses and that of their employees have a FREE resource to get them started. It’s a sample expense policy template and guide from Concur, a leading provider of integrated travel and expense management solutions for businesses of all sizes.
Recent research, also by Concur, found that a small business traveler will spend about $500 more per quarter on travel expenses than a big business traveler. Furthermore, every kind of expense they incur—airfare, lodging, dining, entertainment, ground transportation and car rental—tends to be more expensive because owners of business opportunities and other SMBs simply don’t have the leverage to negotiate like bigger companies do.
The one bright spot in all of this is that many business-related travel expenses are oftentimes tax deductible, according to the IRS. So it’s a simple equation really…tax deductible expenses plus rising costs equals the critical need to track every “allowable” penny!
If you are or are thinking of becoming a business opportunity or other small business owner and need some guidance on how to do just that and create an expense policy that makes sense for you, your employees and your business, Concur’s FREE guide, titled “Taking the Pain Out of Expenses,” is a good place to start. Plus, Concur offers a whole range of simple, fast and easy expense management solutions, and for small businesses in particular all for as little as $8 per user per month. Plus, they offer 30-day FREE trials of their products and services.
Click here to learn more about Concur’s small business expense management solutions, and to download its FREE expense policy template, click here on “Taking the Pain Out of Expenses.” If you’d like more information on the latest IRS guidelines regarding business travel expenses, you can go to https://www.irs.gov/taxtopics/tc511.html now.