Recently I discovered a way to deduct my family's vacation from my small business taxes. I started a home based travel business. This provides me with many tax deductions. As a tax accountant this immediately got my attention.
1. Pictures and Videos While visiting a travel destination my family and I will take pictures and make videos. Since I have an unincorporated home based travel business through Travelencia I can hire my family while we are on vacation.
2. Itinerary. I will ask my daughter Natalie (12) to find a fun family vacation spot that we can go to in the following year. She will be in charge of the trip itinerary. She is instructed to pick places that are not only fun and exciting but that will also offer valuable content for our videos and pictures.
3. Call Travelencia. For the next step my wife will call Travelencia. Through Travelencia all the necessary arrangements are made. Travelencia offers 0% layaway financing so our credit card stays out of the picture.
4. We Need A Grip. A grip is the name given to the individuals on a movie set who are in charge of the equipment. I will hire Joseph (14) and Joshua (10) for this job. They will be in charge of the video and camera equipment. They will need to make sure the batteries are charged and everything is in good working order.
5. Marketing. After the trip is over we will all help with the videos and pictures. We upload them to YouTube.com for free. This is usually quite easy. Sometimes we will add a soundtrack to our pictures or videos. We will add our contact information so others can start making money from home like we are.
6. Infinite Potential Forum. Lastly, I will go into the Infinite Potential Forum and make a post in the "Support My Marketing Efforts" section. This will move our videos up the page at YouTube.com as more and more people view them. This will generate traffic to our website which will lead to new sign ups.
Bill Gates has said that a working knowledge of the tax code is the greatest reason for his success. We have to learn to keep more of what we make so our wealth will grow.
About the Author:
Zach Allred is a tax accountant with a passion for traveling. Click Travelencia to learn more. Click Small Business Taxes for more free tax articles.
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