Traveling abroad on business? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Know the risks before you leave home. Example: the U.S. State Department warns that hailing a cab in Mexico City is dangerous unless the taxi is summoned by phone or contracted in advance at the airport. To research your destination, check out the State Department’s country-specific travel warnings and security reports (travel.state.gov/travel_warnings.html). Automated recordings are available at (202) 647-5225.
Always copy all your vital documents, such as the most important pages of your passport and your credit cards with the issuers’ customer-service phone numbers. Leave one copy in your hotel room and another at home.
The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. And the IRS is in the middle of a wide-ranging audit crackdown on employment-tax issues. Would your books survive an IRS spot-check?...Click here to find out more.