New Business Travel Per Diem Rates Announced for 2023

Are you and your employees frustrated by the time-consuming task of documenting and reviewing travel expenses? The IRS offers simplified methods for reimbursing employees’ out-of-town lodging, meals and incidental expenses. Here we discuss government-approved per diem rates for travel beginning October 1, 2022 — and why it’s more important than ever for employers to set up formal expense reimbursement plans for business travel.

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