Capital improvements are investments in new assets or the improvement of existing assets that are intended to provide a long-term benefit to a business. These investments can take many forms, such as the construction of a new factory, the purchase of new manufacturing equipment, or the renovation of a office building. The goal of capital improvements is to increase the value of the business or improve its efficiency, which can help the company generate more revenue and be more competitive in the marketplace.

Some examples of capital improvements include:

• Constructing a new factory or warehouse
• Purchasing new manufacturing equipment or machinery
• Renovating a office building or retail space
• Upgrading a company’s computer system or IT infrastructure
• Installing new heating, ventilation, and air conditioning (HVAC) systems
• Implementing a new production process or technology
• Expanding or improving a company’s transportation network or logistics systems

These are just a few examples, but there are many other types of investments that can be considered capital improvements depending on the nature of the business and the specific needs of the company.

Travel expenses refer to the costs associated with traveling for business purposes. This can include expenses such as airfare, hotel accommodations, meals, and transportation costs. These expenses are typically considered to be business costs, as they are incurred in the process of conducting business. Businesses may be able to claim tax deductions for certain travel expenses.

The following are common types of travel expenses:

• Administration Fees
• Baggage Charges
• Cleaning & Laundry
• Communication Expenses
• Delivery Costs
• Equipment Rental
• Event Fees
• Facility Rental (e.g. Meeting Rooms)
• Incidental Expenses
• Lodging Expenses
• Meals
• Parking Fees
• Rental Vehicles
• Transportation Services (e.g. Taxis)
• Travel Fares
• Travel Insurance
• Vehicle Maintenance Costs
• Vehicle Operation Costs