Friday, 17 March 2017

Deduct Your Business Trip Legally

Businessmen often need to travel abroad for a business trip and these trips can be much expensive to empty their bank accounts. If you are a businessman, don’t worry because every problem has a solution. There are some easy ways to deduct your business trips by just keeping some small things in your mind. There are some easy and simple rules to follow. 
The primary purpose of your business trip should be business because you cannot legally expense a foreign tour where you have a half day of meeting and four or five day’s trip. There is thumb rule is about productive business days as number of business days must be outnumbered from personal days. Travel days count business activities days and if you are lucky enough to get weekends between your working business days as Friday and Monday. 
Only you own expenses for business purpose expenses are deductible including traveling, transportation, shipping for luggage and baggage, meals, staying at hotel and such other expenses occurred during travel. Some people attempt to deduct their kids and spouse expenses. Your record must be clean and your spent amount on expenses must be reasonable and documented to backup your claimed of expenses. Don’t take unnecessary risks.

There are three ideal destinations for your business tour. Dubai, a desert filled with Skyscrapers, man-made islands, luxurious and towering golden hotels which is located in the heart of UAE coasted with Gulf. Additionally Dubai has a lot of business conference centers with opportunities of entertaining clients. Chicago is the place where you can have fun on the side of business trip. It is a home of a lot of industries and it is easy to be expense for visiting clients. Toronto is the home of Canada’s manufacturing companies and financial services. It is truly a North American business hub which offers visitors amazing shopping, food and good urban experience.

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