Alternative travel now taxable income?

Anybody have some details on this new tax law? Apparently alt travel to anywhere besides your home office is now considered taxable income?

Was curious to know if all firms are affected and if any of them are offering gross ups? Kinda puts a huge damper on what has traditionally been one of the biggest perks for consultants.

 
masterspinner:
abacab:

Always has been taxable. Trick is not to enter it as flex travel in the online system when booking.

what do you mean? can you expand on it? haha

Basically when you book in the system, it generally has few options (e.g. Client Travel, Internal Business, Training, Personal, Flex Trip, etc.). Always pick client travel or internal business type option to avoid the tax issues.
 
Best Response
abacab:
masterspinner:
abacab:

Always has been taxable. Trick is not to enter it as flex travel in the online system when booking.

what do you mean? can you expand on it? haha

Basically when you book in the system, it generally has few options (e.g. Client Travel, Internal Business, Training, Personal, Flex Trip, etc.). Always pick client travel or internal business type option to avoid the tax issues.

hmmm. is that legal? or in correspondence with firm policy?

won't the budget/project controller and/or your manager see that?

i guess im trying to say that dont most firms audit that?

 

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