What can or cannot be expensed?
Supported employees will be reimbursed for business expenses that have been approved by their line manager. Any non-business expense is treated as compensation, and reimbursement is subject to tax withholding. Non-business expenses, e.g., gym memberships, are reimbursed as an allowance.
How are expenses reimbursed?
Expenses you approved are processed and reimbursed weekly.
Can supported employees avoid paying out of pocket and waiting for expense reimbursements?
No, however, approved expenses are processed and reimbursed weekly.
How do expenses need to be documented in the United States?
Receipts showing the type and amount of the expense must accompany the reimbursement request.
Can Velocity Global help us provide per diems instead of expenses? Can Velocity Global provide per diems for business travel?
Yes, per diems can be utilized in place of itemized receipts for certain expenses.