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Let’s say you want to combine a vacation with your business travel and possibly deduct a few expenses on your tax return. Can you do this and not have the IRS look unfavorably at these deductions. Yes, some business travel costs are considered legitimate expenses—you just have to be careful and document everything correctly.
The recession has small business owners everywhere cancelling or postponing their vacations. In 2010, 55% of small business owners had not taken a vacation in the last two or more years per a recent poll. Research shows that men who take vacations are 32% less likely to die of heart disease; women who vacation at least two times a year are less likely to suffer from heart … Continue reading »