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" Supporting Asian and Minority Businesses" |
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TRAVEL AGENCY TAX TIPS
Property/Site Inspection Did you know that every time you stay at a hotel or a resort or take a vacation, it can be a tax deduction. As a Travel Agent, when you go to a hotel, you can call them up and let them know that you're a travel agent and that you'll be in their area and would like to do a site inspection. You can then fill out a Property/Site Inspection Form and keep it, along with your receipts, to file on April 15th, for a tax savings.
Also, if you book travel directly with a vendor, you can SUBMIT A COMMISSION CLAIM FORM. I always submit these at the time I make the reservation. At the time the reservation is made, I am given a booking number.
Meals Meals with a current or prospective customer are 50% deductible but only if business is specifically discussed at the meal and if the cost is not "lavish or extravagant." You must have a receipt and write on it who you took out and why. Tips are considered part of the meal and are also 50% deductible.
Travel to and from the restaurant, including parking, is 100% deductible.
Meals while traveling away from home on business are 50% deductible.
Remember the best way to predict your future is to create it. Attached is a sample LFHF Travel Business Card (front & back) that I am currently printing.
To
find out more about the business opportunity please use this site:
http://www.ytb.com/LoveFaithHop
To book your travel please use this site:
http://www.ytbtravel.com Also, remember as you use the LFHF Travel site to book your travel needs, all sales commissions are use to assist LFHF Affiliates such as LFHF in Kenya, E. Africa.
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