"Per diem," meaning "per day" in Latin, refers to a fixed daily allowance employers provide to cover expenses incurred during business travel. Per diem rates are set each year by the General Services ...

The IRS has announced the per diem rates for taxpayers to use in substantiating the amount of business expenses incurred while traveling away from home. These rates take effect on October 1, 2025. A ...

The concept of a per diem is crucial for entrepreneurs to know and understand as they start, work and grow their businesses. What is a per diem rate? Per diem is a Latin phrase that translates to “per ...