Business convention expense deductibility - is it better in the Bahamas?
Business travelers can deduct food, lodging, and transportation expenses associated with attending business conventions when the costs are directly related to business or trade. Factors affecting deductibility are: purpose and location of a convention, and travelers' ability to substantiate costs. Comparing time spent conducting business with personal time spent can determine if a trip is directly related to business. Cruise ships used as convention locations must be registered in the US, and attendees must be able to show the purpose of the meetings. Travelers must substantiate expenses with receipts showing cost of transit, meals, lodging, and registration fees. Travelers must also show documentation of time and date of departure and return, and what benefits a business gained from travel.
Publication Name: Taxation for Accountants
Big benefits all round
The planned merger between Siebe and BTR should benefit both companies. The new company will be led by Siebe's Allen Yurko. Siebe will gain market leadership in power systems, controls and automation. Cost savings of a minimum 250 million pounds sterling could be achieved after the third year, and 90 million pounds for the initial three years. BTR had suffered stagnant sales growth, and acquisitions were not delivering the results that they had achieved in the past.
Publication Name: Investors Chronicle
- Abstracts: The New Chase for Better Benefits. Differential tax benefits and the pension reversion decision. Salmonella report weights the risk, costs and benefits
- Abstracts: The hardest sell: infomercial mavens say the big brands are coming. The ad budget: top 200 brands use all months to decide
- Abstracts: Cross-border services. Analysts in action
- Abstracts: Your Best Casino Bets. Recognizing the best. Diversity is the best policy
- Abstracts: The trust concept: research issues fopr channels of distribution. Global Learning and Global Issues