by Omar Qari
Most office managers have probably faced questions from employees about which type of restaurant is appropriate for a client lunch, or whether they’re able to take a convenient, but more expensive, flight home from a business trip. What is the best balance between being a responsible employee and being too extravagant (or stingy)?
While understandingand using good judgment are often the best starting points, a company expense policy can help validate employees’ selections and, more importantly, ensure corporate dollars are being spent on valuable items and initiatives.
should keep in mind the following considerations when developing their organization’s expense policy:
1. Understand legal limits
Understanding IRS and state regulations is absolutely paramount when developing an expense policy. Regulations may vary for things like spending limits or rates for certain businesse...(register to read more)