I recently attended a full day seminar with the NTAA (Tax Hot Spots II). There were many useful tips and take-aways and for those clients that provide employees with bona fide travel allowance below is a useful table that summarises the related substantiation requirements.
There is good potential for some useful tax planning when engaging with travel expenses and it can be worthwhile spending a little bit of time investigating this area to maximise the tax benefits.
Substantiating Travel Expense Deductions