Deduct Vacations In 6 Easy Steps On Your Small Business Taxes

Small business taxes can be substantially decreased with proper planning. For example, I have started a home based travel business. As a tax accountant I know that, through proper structuring, I can now deduct our family vacations.

1. Take Pictures And Make Videos Through a home based travel business I can hire my family to perform services while on vacation. We can make videos and take pictures of our various vacation spots.

2. Hire Your Child For An Itinerary. Natalie is 12 and loves to make arrangements. Hence, I will hire her to do the vacation itinerary. My only instructions are to choose places that are fun and that will provide an excellent back drop to our pictures and videos. Since she is almost a teenager fun is her middle name.

3. Who Do You Call? After the trip itinerary is completed my wife puts a call into Travelencia. Here she makes all the arrangements. Our credit card stays in our wallets because Travelencia has 0% layaway financing.

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. Where To Market? From our home computer we will prepare the pictures and videos from our vacation to be uploaded to YouTube.com. This will be enjoyable for my children to get a taste of advanced marketing techniques.

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.

Everyone should have a small business for no other reason than to have more deductions. Hiring your family and structuring taking planning but is not difficult.