Latest on Travel Related Expenses, Tax Reporting, + Withholdings Related to Coronavirus — TripActions Community


Latest on Travel Related Expenses, Tax Reporting, + Withholdings Related to Coronavirus

csimoninicsimonini ✭✭
edited June 2020 in Business Travel Continuity

Here’s an informative article on “Compensation considerations related to coronavirus relocations” for Finance/HR teams to understand the latest updates on employment tax reporting and withholding considerations for travel related expenses and relocating employees based on current federal tax rules.

  • Temporarily relocating employees
  • Permanently relocating employees
  • Travel expenses of family
  • Private aircraft usage
  • Expenses if an employee is quarantined

The impact of events related to COVID-19 are changing daily and employers are continually prioritizing the safety, health and well-being of their employees. Organizations should follow their local, Regional, State and Federal organizations (IRS) as required for the latest updates and requirements.

💡For insights on how to effectively manage business travel expenses, check out the 👉️blog. 

Stay safe.

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