Travel ain´t cheap! However it is surprising how much of it can be used for tax purposes. (These are suggestions only and not a substitute for expert financial or accounting advice).
Keep track of your expenses. Whether you have a corporate or personal card, write down your expenses so that part of them can be reimbursed. Receipts are all important and I often return home with a bag of receipts and no idea where, what, who, when and why?
The following are some suggestions for keeping your reciepts organized on the road:
"?¢ Get Receipts: From the cab driver to the phone calls, make sure you get a receipt for all things business-related. Check with your company on what they will consider business expenses, so check with your supervisor before you leave.
"?¢ Organize: Organize receipts for optimal recording. Find out how your company´s expense records are grouped ie by date or category. This will help you when fill in your expense record quickly and efficiently.
"?¢ Store: Keep receipts in an organizer or a billfold with laminated dividers. This will help easy access and away from non-business related receipts.