The new Business Travel Expense Trends survey has revealed some interesting insights about the spending habits of many U.S.-based organizations.
Certify, the world’s leading cloud-based expense report management software provider, developed this survey featuring 137 North American companies. Fifty-eight percent of respondents spent more on travel in 2013 compared with their 2012 spending.
Travel expenses are known as one of the most common work-related tax deductions. The Business Travel Expense Trends survey shows that businesses are demonstrating a little more flexibility in terms of their operational expenses. In 2014, 49 percent of all survey respondents said they plan to spend slightly more on travel expenses. Thirty percent said their expenses will remain the same. [Read more…]