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.
Laurent Descout, CEO and co-founder of Neo, is a serial fintech entrepreneur and investor. Previously he has been financial advisor in asset-structured finance for more than 10 years.
Mathias Imbach is the co-founder and group CEO of Sygnum. Prior to Sygnum, he was general manager at RNT Associates, where he led multiple venture capital and private equity investments and participated in blockchain and DLT-related equity deals globally. Mathias started his career at Bain & Company where he led advisory projects for private equity funds, family offices and technology companies. He holds a Ph.D. from the University of St. Gallen and a Master of Science from the London School of Economics, or LSE.
Denise Tyson is the current founder and CEO of Schaefer City Technologies, an award-winning, innovative insurtech company delivering software solutions to help insurance and reinsurance companies and their defense counsel spot and avoid Nuclear Verdicts®. She holds extensive experience in the insurance industry, including insurtech start-ups, mergers/acquisitions, reorganizations, and financially challenging situations.
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:
