The Next Normal: Trends That Will Define 2021 [1]

McKinsey & Co. on Jan. 4 released an article that examines what 2021 will look like for business. According to the article, trends will include: A return of confidence and consumer rebound Leisure travel bounces back, but business travel lags A wave of innovation and new entrepreneurs Accelerated Fourth Industrial Revolution Changed shopping behaviors Supply chains balance, shift Future of work arrives ahead of schedule A biopharma revolution Accelerated portfolio restructuring Increased sustainability Click for article

IRS Announces New Per Diem Rate for Business Travelers [2]

Kelly Phillips Erb, senior contributor at Forbes, explains that as of Oct. 1, the special meals and incidental expenses (M&IE) per diem rates for taxpayers in the transportation industry are $66 for any travel in the continental U.S. and $71 for any travel outside the continental U.S. The per diem rate for M&IE includes all meals, room service, laundry, dry cleaning and pressing of clothing, and fees and tips for service providers such as food servers and luggage handlers. The rate for incidental expenses only is $5 per day. Click for article

Why You Should Take Vacation Days on Business Trips [3]

EntrepreneurAuthor Matt Sweetwood shares how he adds a day or two or three onto the end of a longer trip where he can really “vacation.” He says he doesn’t understand why business travelers don’t do it more often; they've already paid for the travel (less the extra hotel days), they've already invested the time in making the travel plans, and they are there – no wasted time away from the kids or work getting there.It’s the most efficient short vacation you can arrange. Read more