Economy Plus Subscription As Business Expense / Tax Consequences
Feb 27, 17, 10:59 am
#1
Original Poster
Join Date: Feb 2017
Posts: 1
Economy Plus Subscription As Business Expense / Tax Consequences
Can I have my company buy me an United economy plus subscription? I'm looking to get the group one (me + 8 people). I'd be using it for both work (traveling with other employees) as well as personal travel (me + family).
Would it be deductible as a travel related expense by the company?
If not, would it be considered income for me if my company pays for it?
If not, would it still be allowed but have to be done using post-tax dollars by the company? (i.e. no tax liability for me as additional income but the company also cannot deduct it).
As the owner of the company I'd rather pay for the subscription from corporate dollars than personal ones as it'd still be cheaper (net taxes).
Any ideas or experience with this?
Would it be deductible as a travel related expense by the company?
If not, would it be considered income for me if my company pays for it?
If not, would it still be allowed but have to be done using post-tax dollars by the company? (i.e. no tax liability for me as additional income but the company also cannot deduct it).
As the owner of the company I'd rather pay for the subscription from corporate dollars than personal ones as it'd still be cheaper (net taxes).
Any ideas or experience with this?
Feb 27, 17, 11:30 am
#2
Join Date: Dec 2009
Location: New York, NY
Programs: AA Gold. UA Silver, Marriott Gold, Hilton Diamond, Hyatt (Lifetime Diamond downgraded to Explorist)
Posts: 6,774
Assuming this is a US based company it will matter the nature of the business. This is something to talk to an accountant about.
As a traveling Consultant/Consultancy this would work but as the owner of a local florist shop this would probably not standup to an accountant nor the IRS.
Considering the relatively low cost of $499 the package isn't going to impact much as income but could impact your decision to purchase as it may not be as worth it to you.
As a traveling Consultant/Consultancy this would work but as the owner of a local florist shop this would probably not standup to an accountant nor the IRS.
Considering the relatively low cost of $499 the package isn't going to impact much as income but could impact your decision to purchase as it may not be as worth it to you.
