With new COVID-19 cases declining, and related restrictions easing, it’s time to get out and celebrate the end of government-mandated isolation. While this summer will be a great time to enjoy travel, meals, and entertainment, it’ll be twice as nice if you have a business purpose and can deduct the costs. Below we discuss how to make this happen.
Fully Deductible Business Travel
There’s only one thing better than traveling to your favorite destination to beat the post-pandemic blues, and that’s for the trip to be tax-deductible, says Jonathan White, CPA*. In order to eliminate non-deductible personal travel costs, make sure all travel is business-related so it qualifies for full tax deductibility.
The first strategy is...
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