The iaris considers a workday where you're travelling four hours a day. So if you do any of these on friday and monday, the entire trip is 100% tax deductable. And one thing that i love case, i'm actually going to be in geneva, france, rome and istambol in three weeks from now. I'm going on a month long count myself. We love travel. But how the heck do we write off these trips? Amazing, amazing questions.
Carter Cofield is a licensed C.P.A who's goal is to teach entrepreneurs how to live Tax-Free.
Top 3 Value Bombs:
1. Being an entrepreneur, you are creating jobs which stimulates the economy so the government has massive tax breaks for entrepreneurs. The sad thing is, 90% of entrepreneurs have no idea and doesn’t take them.
2. If you’re saving 40% every year on taxes, that’s more money to pass down to your kids, and to future generations. We need to start thinking and knowing that we have more control of our money than we think we do.
3. Every company is entitled to have annual meeting, and it can be wherever and whenever they want it to be. Do business with your friends and/or your family so you can have annual meetings and have fun, and deduct 100% of your trip.
Access a tax-free living ebook that has over 200 tax deductions that all entrepreneurs and business owners can take in alphabetical order. It has a thorough explanation of how to deduct the expense. Get 70% off this ebook by visiting TaxFreeLivingBook.com/FIRE
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