Don’t Risk Income Tax on your Travel Expenses: Business Expense Substantiation

December 19, 2022 by Staff
If you Travel for work, now is the time to familiarize yourself with the revised Business Expense Substantiation & Tax Implications procedures. Effective January 1, 2023, requirements for timely substantiation/submission of business expenses apply to Travel Card and Airfare Card transactions, as well as to employee out-of-pocket reimbursements.
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Don’t Risk Income Tax on your Procurement Card Transactions: Business Expense Substantiation

December 19, 2022 by Staff
With the revised Finance Procedural Statement Business Expense Substantiation & Tax Implications, effective January 1, 2023, requirements for timely substantiation/submission of business expenses apply to commercial credit card transactions – including Procurement Card – in addition to employee reimbursements.
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