Travel allowance or LAFHA? And how is each taxed?

  That employees are required to travel for work has become increasingly significant, especially with the growing influence of a more global economy, and the sometimes necessary moving of businesses for expansion or reaching out to new markets. Being asked by the boss to travel for work purposes can be demanding on staff — financially,

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Travel allowances (and retaining the exception to substantiate)

A travel allowance is a payment made to employees to cover accommodation, food, drink or incidental expenses they incur when they travel away from their home overnight or longer in the course of their duties. In most circumstances, when claiming other deductions, your clients will be expected to be able to substantiate the expense being

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Here’s how politician travel allowances compare to yours

Despite the firestorm currently raging over parliamentary entitlements, most people won’t deny Australian pollies are justified in the amount of travelling they do for work. Lawfully, parliamentarians nationwide do have access to a lucrative array of politician travel allowances, other allowances and tax deductions, but the reality is that sufficient representation often correlates to frequent

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