When starting out there are many costs to take into consideration. Here are our top 5! Office Space: Rent, bills, maintenance, and all other manors of office upkeep are the single greatest cost when starting out. Finding office space is only the start. Managing the fit out, complying with safety
A 2016 report produced by Chrome River shows the impact that employee expense fraud had on organisations in the U.S. The survey was carried out with over 1,000 business travellers across a range of industries. $2.8 Billion: The annual loss to organisations in the U.S due
Align Policies: If the company doesn't have an employee expense policy then how can the employee be held accountable. The policy should contain all forms of prohibited activity, that way there’s no miscommunication and both sides can be held accountable. Education: Educate employees on the correct way to log
In a previous job, I regularly worked at other offices. My role required me to travel most weeks and as a result, I was temporarily relocated to an office 65 miles from home. I was able to claim 45p per mile and 5p extra for any colleagues that also required
Pen and Paper: Outdated, time consuming and inaccurate however, much of the UK still logs business mileage for tax reimbursement manually. Remember, all UK mileage logs need to be kept for 5 years - that's a lot of trees! Spreadsheet: A step up from pen and paper and it's presented