Travel can be very expensive. When you travel for business, many of your expenses can be written off at tax time. This will save you a lot of money if you know how to do it correctly. But you don't want to overdo it and risk being audited. It's a careful process and some areas have thin lines. You'll want to know exactly what you're doing.
The most important thing to know is what is deductible and what isn't. A lot of things can be written off as business travel expenses, but you don't want to get ridiculous with it or you could find yourself in trouble. Ask yourself if your trip is primarily for business, or pleasure. Even if it is primarily a business trip, things you do for pleasure on the side may not be deductible.
When a purchase IS business related, you can write it off. Nearly anything counts. Hotel rooms, airfare, travel documents, meals, cab fare, dry cleaning, and business related long distance calls. But you'll need to save all the documentation. This mostly pertains to receipts. While you may not need to send the receipts with your tax claim, you will need to have them in case you get audited so that you can back up your claims if they are called into question.
The most important thing to know is what is deductible and what isn't. A lot of things can be written off as business travel expenses, but you don't want to get ridiculous with it or you could find yourself in trouble. Ask yourself if your trip is primarily for business, or pleasure. Even if it is primarily a business trip, things you do for pleasure on the side may not be deductible.
When a purchase IS business related, you can write it off. Nearly anything counts. Hotel rooms, airfare, travel documents, meals, cab fare, dry cleaning, and business related long distance calls. But you'll need to save all the documentation. This mostly pertains to receipts. While you may not need to send the receipts with your tax claim, you will need to have them in case you get audited so that you can back up your claims if they are called into question.