This is the time to turn all your travel into business trips and deduct the expenses.

Published: Sat, 04/16/22

Dear ,

Do you have any personal travel plans this year? You can legally turn them into business trips and deduct the costs from your business taxes.

This presents an opportunity for you to turn travel for pleasure into business, turn some or most expenses on the trip into business expenses and deduct them.

Below are some tips to turn personal travel into business travel and legally claim on your business taxes.

Turn events into networking opportunities
Meet clients or market your business during the trip
Have lunch with a client
Record content while on vacation, use it for marketing your business

Just remember that for every expense to be deductible, it must be ordinary and necessary. That’s why it is essential to turn your videos on the trip and repurpose them for business marketing, so they go down as proof that your trip was used to record marketing material.

If you want to know more about turning your business expenses into ordinary and necessary expenses, call my office at (202)618-1297 and book an appointment with me for a quick consultation.

Please note: Our office is closing from 4/20 to 5/11/22.

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Hey Entrepreneur! I am Folasade Ayegbusi. I am an Enrolled Agent, Accountant, Ex-insurance Broker, Speaker, and Small Business Growth Strategist. Additionally, I am a Mother, and Entrepreneur.

I have helped entrepreneurs and small business owners save over $25 million dollars in lost revenue, tax assessments, penalties, and interests over the last 12 months. I am confident that I can assist you with all of your accounting needs.