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GRBJ Highlight: IRS updates per diem rates

This Month Rob Westdorp Wrote into the Grand Rapids Business Journal to discuss the IRS per diem rates.

 

Business travelers have a lot of expenses to keep track of, including hotels, restaurants and transportation.

Companies generally use one of two methods to pay for travel-related expenses: reimbursement of actual expenses, which requires the business traveler provide receipts to report the actual cost and then request reimbursement; or the IRS-allowed per diem rates, which are daily allowances to compensate for lodging, meals and incidental expenses incurred on business trips.

IRS per diem rates are updated annually. The IRS provided the new rates in effect from Oct. 1, 2018, to Sept. 30, 2019 in Notice 2018-77.

 

Follow Rob as he discusses IRS updates & business travel expenses at the Grand Rapids Business Journal.

 

Grand Rapids Business Journal.

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