Business Travel: Tips For Tightening Your Corporate Travel Belt – Part 1

March 18th, 2011 by admin Leave a reply »


 

House of Lords, Conservative MP, Lord Taylor of Warwick, was sentenced 25th January 2011 by falsely claiming more than £ 11,000 in travel expenses while he was actually at home in London. [1]

On 2 March 2010, reports the Wall Street Journal about the practice of many members of Congress to travel bag used taxpayer-funded foreign per diem (up to 250 $ / day) for personal use. Congressional rules say they must repay all remaining species. Interviews with 20 American lawmakers, past and present show that current practice, they are usually not used is not again overnight. Many claimed not to know also about the rule. [2]

The challenge of controlling travel costs is not limited to governments.

As Benjamin Franklin once said: “A penny saved is a penny earned.” It may sound corny, but his wisdom is perhaps more relevant today jobless recovery. Controlling expenses trip is an opportunity for small businesses but is a critical task for the travel industry positions such as consulting and sales organizations.

Many of the larger strategy, operations, accounting and information technology (IT) consulting firms require their advisers to 100% of the time to travel. Whether you Booz, Allen & Hamilton, Arthur D. Little, Deloitte & Touche, or an independent company, leaks in the budget travel quickly erode the profits of a contract.

How will you control your travel expenses?
Some points to consider:

1. Increase your profits by reducing travel costs. How? For stays of 30 days or more for rent landlord will almost always save at least $ 2000 per month, compared to hotels and extended stays. Some advantages:

* Non-irritating hotel tax of 12-15% or more.
* The prices for rent and are generally less than hotels ($ 75 to $ 89 to $ 170 or more per night before tax).
* Apartment company, about 750 square meters, 2 to 3 times larger than the average hotel room of 375 square meters and are generally in better condition than longer stays.
* Fully equipped kitchens, travelers can prepare home-cooked meals, save money and waist!
* Additional expenses such as laundry, local telephone and wireless are often included in the rent.
* Rents are to stay per unit and not per bed, more than one person together, additional cost savings.
* Because the company can be billed directly, rents simplify the accounting firm, while the variability and unpredictability of practice on hotels and restaurants.

Catherine White has traveled extensively as a former IT consultant, project manager and business analyst system. This is the first in a series of articles on strategies to save money and keep you and your employees happy and productive sharing “on the road.”

Endnotes
[1] New York Times 25th January 2011, Page A6
[2] “Fitton: Travel expenses scandal hits Capitol Hill,” The Washington Times, Greg Groesch, 4 May 2010

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