Real Estate Innovation

Deduct Vacations In 6 Easy Steps On Your Small Business Taxes

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. Videos And Pictures While on vacation my family will make videos and take pictures of the places we visit. Since I have a home based travel business through Travelencia I will be able to hire my wife and children to perform services while we are on vacation.

2. Gotta Have An Itinerary. I have a 12 year old daughter named Natalie who is smart and creative. Aren’t all 12 year girls. I will put her on my small business payroll and hire her to prepare our vacation travel plans. Her job description is only to find fun and entertaining spots. These places must also offer a beautiful background for our videos and pictures.

3. Trip Booking. Next, my wife will book the trip through Travelencia where she will make the necessary arrangements. Travelencia offers 0% layaway trip financing so we do not have to charge our credit card.

4. Hire A Grip. Since we will be making videos and taking pictures we need people to handle all the equipment. Each time the video and camera equipment will need to be set up and taken down. This includes making sure the equipment is operational with batteries charged. My sons, Joseph (14) and Joshua (10), will be hired.

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. Marketing Support. Infinite Potential is a new free to join forum. Here I post a link for our pictures and or videos in the “Support My Marketing Efforts” section. This will create traffic to our website where other people can learn to do the same.

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.