When an employee travels for the company the question often arises as to how to best take care of the associated costs. By far the easiest and most efficient tool is using one of the accepted per diem methods advocated by the Internal Revenue Service.
Per Diem Methods
There are three acceptable per diem methods (expense reimbursements) authorized for use in small business by the Internal Revenue Service. The first is Meals and Incidental Expenses (M&IE), the second is Lodging and M&IE and finally there is just Incidental Expenses. The Code authorizes a preset value per day (the per diem) allowed based on the location in the continental United States as a deductible amount.