homeconsultants expense account
iamindependent offers you the ability to get reimbursement of IRS allowable business expenses, paid to you with pre-tax money from your account with iamindependent. Since IRS tax law changes frequently, we will keep you advised of any new type of expenses that could be eligible for reimbursement. Some common business expense items can include:

Business entertainment
Telecommunication
Data Communication
Travel reimbursement
Equipment
Per-diem eligibility
Books, Conferences, Seminars

Business entertainment

You can be reimbursed for entertainment costs associated with client relations. These can be with a recruiter to land a contract or a co-worker to discuss upcoming projects. Entertainment can consist of meals, gifts, shows or any other event that brings colleagues together to discuss business. This type of an expense must be accompanied with proof of payment and the description of the expense [i.e. who attended, what was discussed, etc.].


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Telecommunication

Business phone line and fax line, beepers, cell phones, on-call service and voice mail; all of these are considered eligible for reimbursement as business expenses. It is also possible that the business portion of a your home phone may be deductible.


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Data communication

If you are financially responsible for Internet access at your home or office, you can be reimbursed for the expense. The Internet can be used for finding new contract work, training and certification, remote access to the client to do work off-site or to check the status of your account at iamindependent.


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Travel reimbursement

You can be reimbursed for costs associated with travel between client sites. Allowable forms of transportation are automobile, train, bus, taxi and even airplane. Travel costs can include, but are not limited to, tolls, parking, mileage, meals and lodging. They can also include travel for business trips that may be required by the client, for which the client will not reimburse you.


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Equipment

Expenses for computers, faxes, modems, software, phones or any other type of equipment that is necessary for you to perform your job function can be reimbursed to you pre-tax from your iamindependent account.


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Per-diem eligibility

As a consultant, occasionally you will take an assignment out of your home area. If the assignment is at least 75 miles from your home, you may be entitled to take a per-diem expense reimbursement.


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Books, Conferences, Seminars

Do you need to attend conferences or seminars, or do you need to buy expensive books and bring your skills up to date in order to land that next contract? These types of expense are reimbursable to you from your account with iamindependent.


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There are many more types of expenses that may be reimbursable to you, pre-tax, from your account with iamindependent. If you are ready to begin enjoying this benefit, contact us today to see how easy it is to get started.