{"id":17332,"date":"2021-05-26T07:13:56","date_gmt":"2021-05-26T07:13:56","guid":{"rendered":"https:\/\/www.itilite.com\/?p=2921"},"modified":"2024-01-12T05:32:12","modified_gmt":"2024-01-12T05:32:12","slug":"all-about-per-diem-in-us","status":"publish","type":"post","link":"https:\/\/www.itilite.com\/in\/blog\/all-about-per-diem-in-us\/","title":{"rendered":"All you Need to Know About Per Diem Rates in the US"},"content":{"rendered":"
The process of checking and approving expense reports for business travel can be a daunting task if your business reimburses employees for each and every aspect of the travel expenses<\/a>. <\/p>\n\n\n\n Having to check dozens of receipts for lodging, meals, and other expenses submitted by employees can be complicated and time-consuming. If you are looking for a way that helps you cut down your admin time and reduce record-keeping, setting Per Diem rates is the way to go. <\/p>\n\n\n\n Read on to know more about what is a per diem, per diem rates in US and how to set them as per IRS guidelines.<\/p>\n\n\n\n Per diem has been derived from a Latin phrase meaning \u201cper day\u201d or \u201cfor each day\u201d. It means a daily allowance that companies give to employees, guiding them on how much they can spend per day on food and lodging, while they travel for work. The companies can either give it in advance or the employees can get it reimbursed after returning from the trip. <\/p>\n\n\n\n Having a fixed amount to reimburse employees would help you in managing travel expenses better. Fortunately, the IRS (Internal Revenue Service) has given some guidelines for calculating per diem rates as per the location or via the high-low substantiation method.<\/p>\n\n\n\n To streamline the per diem rates, an integrated travel and expense management<\/a> platform can help streamline the process and potentially reduce costs. If you’re considering implementing per diem rates for your business travel, you may be wondering how much you could save. Try using our savings calculator<\/a> to estimate your potential savings on corporate travel expenses by using an integrated platform. Click here to access the calculator<\/p>\n\n\n\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tWhat is a Per Diem?<\/h2>\n\n\n\n
\n\t\t<\/a>\n\t\t<\/span>\n\t\t