Don't Miss Out: Helicopter View of2023 Meals and Entertainment To get my complete, FREE articlewith all the details… Are you aware of the changes to the business meal deduction for the year 2023 and beyond? If not, you could be missing out on important information that could impact your business. The deduction for business meals has changed to only 50 percent, … [Read more...]
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How to Switch from the Mileage-Rate to the Actual-Expense Deduction Method
“How to Switch from the Mileage-Rateto the Actual-Expense Method” To get my complete articlewith all the details... If you’re using the IRS mileage-rate method to deduct your business vehicle usage, consider changing lanes. You see, switching to the actual-expense method may save you a lot of money. I wouldn’t steer you wrong, so consider this... It’s very … [Read more...]
Tax-Deductible Cruise Ship Travel to Mexico
“Take a Tax-DeductibleCruise Ship Trip to Mexico!” To get my complete, FREE articlewith all the details... Pack your bags. Buy your cruise ship tickets, and head off to your business meeting in style. (Think of the IRS as your friendly travel agent!) That’s right. You don’t have to hold your next business meeting at the office. Thanks to the tax-code rules … [Read more...]
Traveling on Business? Stay at the Mom and Dad Hotel
To get my complete, FREE articlewith all the details… If your business travel takes you to where family or friends live, I’ve got a great idea for you. Instead of staying overnight at a hotel in their area, and giving your money to a giant corporation, why not stay with your mom and dad, or a close friend, and give them rent money? When you use this strategy, you’ll … [Read more...]
Be Sure You Know the Tax-Home Rule
To get my complete, FREE articlewith all the details… Do you ever travel out of town for work? If you do, you probably know that you can deduct a whole lot of expenses when you’re away from home on business. What you may not know is that the IRS may decide you also have a “tax home” at that travel destination that denies your travel deductions. Definition: Your tax … [Read more...]