how-to-have-your-home-based-business-pay-for-your-next-vacation

how-to-have-your-home-based-business-pay-for-your-next-vacation

click photo for more information
how-to-have-your-home-based-business-pay-for-your-next-vacation
Click this link to get this post sent to U as PDFEnter your valid Email AddressHow to Have Your Home Based Business Pay for Your Next Vacation With Ease     Can you let your home based business pay for your vacations? Yes you can…providing you know what you are doing.   And you don’t […]
0
675

Click this link to get this post sent to U as PDF

How to Have Your Home Based Business

Pay for Your Next Vacation With Ease

 

How to Have Your Home Based Business Pay for Your Next Vacation Let Your Home Based Business Pay For Your Vacations

Hoover Dam_NV/AZ Click on image to enlarge

 

Can you let your home based business pay for your vacations?

Yes you can…providing you know what you are doing.  

And you don’t need to be a tax accountant nor tax professional to do so.

So let me ask you this question in another way.

Did you know your home based business can pay for your next vacation?

 

 

Yes it can especially if you live in the USA, Canada and Australia. And your home-based business can pay for all your future vacations as a matter of fact.

 

You just need to take some simple steps to be in compliance with your taxing authorities.

Below are some pointers to articles written about taking vacations and having them being paid by your home based business.

 

How to Have Your Home Based Business Pay for Your Next Vacation Let Your Home Based Business Pay For Your Vacations

Lake Mead from Hoover Dam Look out  NV/AZ

Having your vacations paid by your home based business is one of the perks of having one.  

This article is just to wet your lips about starting a home based business if you don’t have one.

I am not going to go into details about the tax laws concerning business travels.

But I will point you in the direction of how to get more info.

 

 

This really is to share with you, that if you haven’t taken a vacation in a while…maybe it would be an excellent idea to start a home based business, for the extra income and use your business to pay for your vacations.

 

Also this is to impress in your mind that you don’t need to be an accountant to take business trip deductions and mixed business with pleasure.  

Nellie Akalp ,  

Contributor to Forbes, wrote in her article from Mar 3, 2014 @04:32

Own A Business?  

Here’s How To Write Off Your Next Vacation

You Need to Set Up Your Business Appointments Before You Leave

Yes there are rules to the tax laws and I guess that’s what keep most people from looking into home based business taxes.  

Example you can’t just take off for Hawaii with a stack of business cards and hope you can drum up some business while you’re there. The IRS requires that you establish “prior set business purpose.”

In other words, you’ve got to have at least one business appointment scheduled before you leave. Otherwise, you won’t be able to expense anything.  

Also my trip to the Hoover Dam Above is also an expense because I took a couple of people, whom I had prior arrangement for business discussion.  

Hoover Dam was recreational, but business was conducted during that day.

 

How to Have Your Home Based Business Pay for Your Next Vacation Let Your Home Based Business Pay For Your Vacations

Las Vegas Conference. Click on Image to Enlarge

 

Which Expenses Are Deductible? 

“Certainly, your transportation costs (like airfare, taxis, airport parking) constitute a large part of any trip, and you’re able to fully expense these costs as long as you meet the criteria set in the first two points. But there are other allowable expenses that can add up too. IRS Pub 463 lays out all the details, but here are a few things to know:

 

Why Join Opulence Global

Opulence Global Mega Promotion ends 4/30/18

  • For every day that’s considered business, you are able to deduct 100 percent of your lodging, tips, and car rentals. So, if your entire trip to Florida includes seven days of business and five extra personal days, you will be able to deduct your hotel bill for those business days (but not for the extra vacation days). Subject to verification of new tax laws.
  • For every day that’s considered business, you can deduct 50 percent of your food costs.
  • You can also deduct other travel-related expenses that are “ordinary and necessary” (for example, baggage fees or dry cleaning).
  • You cannot deduct travel expenses for your family. But if you are all in an MLM business you can each deduct your own expenses.”

 

GWT CEO @ Forensic Networker Training

 

Market ViewPoint

This is what Market Point has to say: “It has become easier and more common in the last 20 years to have a home-based business or work from home full or part time. And there are many advantages to having the spare bedroom or the kitchen table be your ‘office’.

But for both at home workers and office workers, vacation time has become a bit of a conundrum with our 24/7 ‘you can reach me’, tech world. When do you ‘turn off’ and truly vacation?”

Vacation Trends

According to the U.S. Travel Association, the average American workers tendency not to take all their vacation is finally turning around a bit.

 

 

GWT Corp New compensation plan

Awaiting Opulence Global New Comp Plan

Some MLM companies even have business trips bonuses incorporated in their compensation plan.

Take a look at the Opulence Global

Home-Based Business Vacation Options

 

“If knowing you are offsetting expenses is a ‘mental relief’, well then that may be your type of vacation. For this situation, it makes sense to use your mystery shopping skills while on vacation.

Make money while you play. Take your family to an amusement or resort area you may not have been able to afford. Have your meals paid for by IRS. The break from worrying about the cost of vacation may be the only break you need.”

All Business:   

 5 Strategies to Turn Your Vacation into a Tax Deduction

“One of the benefits of being a business owner is our ability to take tax deductions for business related expenses. With the sun shining and the temperature rising, it may seem like the summer vacation days just can’t seem to get here soon enough. As you plan for your next vacation this summer, make sure that you take advantage of all the tax write-offs that you are legally entitled to.

This summer make sure that you enjoy your vacation and take advantage of this wonderful opportunity to save on taxes by turning your vacation into a tax deduction. So how exactly do you turn your vacation into a legitimate tax deduction?”

An easy way to get better understanding is to go back above and got through the articles listed above. The information given is general for non specific home based business.  

 

Global Wealth Trade Corp Best Review – Luxury Designer MLM

Tax Benefits of having a home based business

 

However, the home based business that gives the most tax breaks and the simplest of all is MLM or network marketing.  Yes it offers a lot more tax breaks or deductions than the average home based business.

 To learn a simplified system, a simplified home based tax course, get tax app I recommend you look into what Sandy Botkin, has to offer.

 

Comments

Comments are disabled for this post.

mlm

click photo for more information
mlm
 What can a MLM Business Offer You Financially?       What can Multi-Level-Marketing (MLM) business offer you. The possibilities, in terms of what a successful mlm business can offer you… and what you can accomplish with it are endless. This post on mlm possibilities is to entice you to take a closer look… at the opportunities you […]
0
888

why-join-opulence-global

click photo for more information
why-join-opulence-global
Why Not Join Opulence Global?    Opulence Welcome Video   Why join Opulence Global you asked? Join Opulence Global, because… it was created:  *** with you the entrepreneurial, spirited person, in mind  *** to give you direct access to the manufacturer where you can purchase… luxury goods at a discount *** to provide you with high quality, luxury designer goods and products that… matters in your life.    It […]
0
2578

Discover 100 Solid Top MLM Companies For 2018

click photo for more information
Discover 100 Solid Top MLM Companies For 2018
Discover the Top 100 Solid MLM Companies for 2018     What makes a company a solid mlm company? It depends. At least that’s what businessforhome.org claims, in their updated… listing of 100 solid top MLM companies for 2018.   Knowing what the best or top MLM company is, is a really difficult thing. Everybody […]
0
2816

Jimmy Smith – Isagenix Achieves $57 Million In Career Earnings

click photo for more information
Jimmy Smith – Isagenix Achieves $57 Million In Career Earnings
Jimmy Smith health had degraded, he was a casualty of his career. The toll was forcing him to either retire or find another career path. Jimmy opted for the latter. So, with his work ethic, open mind, entrepreneurial spirit and lifelong desire to have a family business, he discovered an industry called network marketing. His […]
0
700

gwt-a-top 100-global-direct-selling-company?

click photo for more information
gwt-a-top 100-global-direct-selling-company?
GWTCorp Listed in Top 100 Global Direct Selling Company-Not Yet One of MLM premier online magazine, Business For Home.org recently listed the top 100 Global Direct Selling companies in the world.   Not surprisingly Global Wealth Trade Corporation-GWT, was not in their Top 100 Global Direct Selling companies in the world.   GWTCorp, has become the […]
0
1043

why-join-opulence-global-direct-sale-mlm-opportunity?

click photo for more information
why-join-opulence-global-direct-sale-mlm-opportunity?
Why Join Opulence Global Direct Sale Opportunity? There are many reasons but lets start with this 3 minute video. Welcome to Opulence Global.   If the question “Why join Opulence Global direct sales… mlm opportunity” has been on your mind. Then I trust that the video above was an eye opener for you. I trust […]
0
850

get-paid-to-wear-opulent-items

click photo for more information
get-paid-to-wear-opulent-items
An Opportunity To Get Paid To Wear Opulent Items Opulence Global Welcome Video   Getting paid to wear opulent items is now possible.  Here is your… opportunity to get paid to wear luxury items with ease and without stress.    If you got here by my personal invitation, congratulations & welcome.  I am about to introduce you […]
0
2000

what-a-mlm-business-can offer you-financially

click photo for more information
what-a-mlm-business-can offer you-financially
 What Can a MLM Business Offer You Financially?     The Answer is simple.  That depends, on if you don’t mind a little… hard work, don’t mind a little verbal rejection.  You really enjoy… paying your own way. You don’t mind making a difference in the… lives of others.  You don’t mind expanding your vision beyond the conceivable.  We  […]
0
2244