AK & Associates

1. What are the basic rules and limitations regarding the deductibility of travel expenses? A travel expense must be ordinary and necessary, incurred while away from home, and incurred in the pursuit of business. The expenses must be reasonable. In other words, the expenses cannot be “lavish or extravagant. ” Travel expenses include costs of meals and lodging expenses incurred during the travel and additional rules apply to these specific items. New Bundle Service Packages As we continue re-branding our organization, we have launched customized service packages for small business clientele. We understand small bus. .. 5 / 23 / 2017

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