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Tax Tip 1
Tax Tip 2
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Tax Tip #4 - Your Travel
All business travel is 100% tax deductible. Therefore all you have to do is identify the business expenses – which are tax deductible, and set aside your personal travel expenses – which are non-tax deductible.
The following are examples of travel expenses that are tax deductible to your business: transportation, such as by air, train and bus; taxi, commuter bus and airport limousine; baggage and shipping; lodging; 50% of the cost of business meals; cleaning, such as dry cleaning while you're on the road; Telephone (land and mobile); Temporary office expenses, such as renting a computer and photocopying; Tips; plus any "ordinary and necessary" expenses related to your business travel.
Click Here for assistance in implementing this "Tax Tip" (as well as other small business tax saving strategies)