Make June business tax planning time
Looking for suggestions to reduce your 2016 business tax liability? Here are three tips to consider as summer gets underway. Business trips. When you travel on business this summer, you can write off your expenses – including airfare, lodging, and 50% of the cost of meals – if the primary motive of the trip is business-related. Costs attributable to personal side trips are nondeductible. If you travel by car, deduct actual business-related auto costs or a