Tax tip#2 Business Travel

You may deduct 100% of your on the road expenses but only 50% of your meal costs.

You don't need receipts for expenses under $75 (each expense) However you need to have documentation of these expenses in a diary or tax organizer.

Note: I am not a tax expert. I am reading the book "Lower Your Taxes Big Time" by Sandy Botkin.

Tax tip

You can deduct 50% of your meals. Plan a business meeting. Eat a good meal and discuss business. see "Lower Your Taxes Big Time" by Botkin

Tax advantages

Did you know that your initial start up costs for a home based business are tax deductible?

The money I save on taxes every year is great! You can deduct your computer, advertising, Internet and phone services, ink, paper, utilities, part of your rent and mortgage and so much more!!!

Stay tuned for tips and tax advantages on operating your business from home.