Did you know that? Maximize your business travel deductions for your income tax report

July 24, 2014

Business trips made to tradeshows and conferences may be listed as deductions; however, they must benefit your business, and the convention, conference, or seminar must last a minimum of six hours daily. You’re also required to attend a minimum of two-thirds of the program. Keep copies of your registration forms and the receipt in order to document your attendance and to confirm payment. For more info, please consult with your tax advisor regarding business expenses deductions.

 

Please visit IRS website for more info:

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed 

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