New Business Travel Per Diem Rates Announced for 2023-2024
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New per diem rates were recently announced by the IRS and are effective for per diem allowances on or after Oct. These updated rates include changes for the transportation industry, incidental expenses as well as the high-low substantiation method. There are two basic ways that employees can be reimbursed for business travel expenses. The first is a direct reimbursement of the actual expenses.
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