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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