Thursday, December 3, 2009
Travel
Travel usually entails for most business owners, things such as going to a seminar or trade show in another city, like Las Vegas, the capital of trade shows. Travel expenses include car rentals, plane tickets, hotel charges, etc. You cannot deduct travel that you are taking for a personal vacation, even if you make phone calls to your business while you are away. The travel has to be for a business purpose. If you travel regularly for business such as sales calls to clients/customers out of town this may be a major expense category for you. Meals are expensed in its own category, not under travel.
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