The US federal government has laid out guidelines for what qualifies as a business expense, what constitutes a complete record, how to keep records, and what can be deducted on your business’s taxes.įor the IRS’ rules in-depth, reference the IRS Publication 535. In Part 1, we’re outlining the IRS rules for expense reporting. Related: Get the full guide to managing expenses here. This series will help your business stay on top of your expenses to mitigate cash burn, make operational changes, and properly prepare for tax season. Tracking and managing employee expenses is a critical part of any business, affecting cash flow as well as taxes. These solutions, ranging from traditional plastic cards to virtual cards delivered via texts or digital wallets, give businesses real-time insight and control over corporate expenses, by allowing administrators to set spending parameters.Įmburse has processed hundreds of millions of dollars of company spend over tens of thousands of credit cards, while doubling revenue every year.This article is part 1 of a 5-part series on managing employee expenses. Led by Peter Lai, CEO, Emburse offers a range of corporate card solutions that allow organizations to enforce travel and expense policies, while providing employees and job candidates a simple way to make purchases. With innovative spend management applications such as real-time expense reporting, integrated travel booking, time tracking, and accounts payable automation, the company serves more than 11,000 organizations to manage corporate spend.Ĭustomers include Anthem, Grant Thornton, Garmin, Mailchimp, Pinterest, Red Bull, Shopify, Subway, SurveyMonkey, Toyota, and Virgin Galactic.Įmburse will initially be integrated into the Abacus expense management platform, further strengthening the brand’s capabilities in supporting real-time expense reporting.

The portfolio includes SaaS platforms Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie.

Led by Nord Samuelson, president, Certify, Inc./Chrome River is an independent provider of travel, expense and payment solutions. The amount of the deal was not disclosed. Certify, Inc./ Chrome River, a large independent portfolio of travel, expense and payment solutions, acquired Emburse, a San Francisco-based provider of virtual and physical cards for business expenses and vendor payments.

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