The Guide to Incidental Expenses for Business and Travel
Incidental expenses, such as small travel fees, can significantly impact budgets and require tracking for tax deductions, according to Brex.
Examples of these expenses include $3 ATM fees at airports, $5 tips for bellhops, and $2.50 charges for printing boarding passes at hotel business centers.
These expenses do not fit neatly into budget categories, but they can accumulate into substantial amounts, affecting both personal finances and business operations.
For individuals, these overlooked charges can result in exceeding travel budgets by hundreds of dollars over the course of a year.
For businesses, incidental expenses can create accounting challenges, complicate tax filings, and trigger audit questions if poorly documented.
The issue lies not with individual transactions, but with the volume of small purchases that require consistent tracking and clear policies.
No single transaction is the problem, but rather the volume of small purchases.
Author's summary: Incidental expenses significantly impact budgets and require tracking.
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