travel and entertainment expense

Definition

An expense incurred by an employee while he/she is traveling for business purposes or entertaining a business client. Examples of traveling expenses include money spent on lodging, transportation, and meals. Entertainment expenses may include taking a client to dinner, to a theater show, or to a sporting event. Travel and entertainment expenses are usually tax-deductible. However, it is vitally important that the employee keep supporting documentation such as receipts, mileage logs, etc. in order to claim the deduction. Some companies reimburse their employees for these expenses with funds set aside in a specific account.

单词	travel and entertainment expense
释义	travel and entertainment expense Definition An expense incurred by an employee while he/she is traveling for business purposes or entertaining a business client. Examples of traveling expenses include money spent on lodging, transportation, and meals. Entertainment expenses may include taking a client to dinner, to a theater show, or to a sporting event. Travel and entertainment expenses are usually tax-deductible. However, it is vitally important that the employee keep supporting documentation such as receipts, mileage logs, etc. in order to claim the deduction. Some companies reimburse their employees for these expenses with funds set aside in a specific account.
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