Employees working from home during the coronavirus pandemic claimed some outlandish expenses this year, including pricey exercise bikes, facelifts and private jets.
Emburse, an expense management software company, released a compilation Wednesday of some of the craziest expenses it has seen claimed this year, some of which were actually approved. That included $1,895, which was approved as a contribution for an employee's Peloton Bike under the explanation of “for health and wellness.” On the other hand, a $7,600 expense claim for a facelift was submitted under the category of “repairs and maintenance” but was rejected, despite the pressing need to look one’s best during a Zoom meeting.
Mark Asprer, CPA, is a private equity associate at Triple Peak Capital where he leads technical accounting and quality of earnings work with a focus on semiconductor industry portfolio companies. He holds a Master's degree in accounting from Fordham University.
Mitch Rutledge is the CEO and co-founder of Vertice AI.
Tim Riddle is the founder and CEO of Discover Blind Spots, a marketing and communications firm. He is a Maxwell Leadership Certified Coach and Speaker and a DISC Certified Consultant. He is the author of "Communicate or Else, A New Perspective on Marketing for Financial Advisors."
Some expenses weren’t for working from home, but more about getting out of the house safely. An expense claim for a private jet charter costing over $20,000 was submitted and approved under the explanation of “required to limit COVID exposure for international shoots.” Another travel-related expense claim was $2,500 for a helicopter ride, which was not approved.
The $79 expense claim for a dog crate could perhaps be used for travel at some point when that's safer, but in these times it was more plausibly to provide "crate training [for] a new COVID puppy to not run into Zoom meetings."
Below is an infographic produced by Emburse showing this and several other head-scratching claims:
