Check the tax savings of combining business and pleasure on the same trip this summer. Within the U.S., if the primary purpose of the trip is business and you add on a side trip or an extra few days for pleasure, you can deduct all the travel costs to and from your business destination and all other business-related costs. You can’t deduct costs related to the pleasure portion. For any other questions regarding the tax implications of a possible business/pleasure trip feel free to contact our office.
Recent Posts
- Choosing the Right Virtual CFO Package for Your Dracut Business: A Guide to Financial Growth
- Preparing for the Holiday Season: Financial Tips for Government Contractors
- Profitability vs. Growth: Striking the Right Balance for Long-Term Success
- The Game Changer for Dracut’s SMEs: Transforming Financial Management with Peter Witts CPA
- Minimizing Audit Risks: Essential Internal Controls for Government Contractors