Are you struggling to save money on your small business taxes? In this episode of the Small Business Tax Savings Podcast, Mike discusses how to maximize meals and travel deductions, separate entertainment expenses from meals, and find a business purpose for all meetings that involve food or drinks.
Mike provides examples of deductible meal expenses such as dining with prospects or staff members, company parties and presentations, team-building activities, recreational events and more.
Mike adds more items that are eligible for deductions, which are transportation costs, lodging expenses, and rental cars.
Tune in now as Mike shares an example of how a road trip can be used as both a business trip and a personal vacation if planned correctly!
[00:00] Maximizing Tax Deductions For Meals And Travel
[01:38] Unlocking The Potential Of Travel Expenses
[13:59] Maximizing Business Deductions And Write-Offs
[15: 53] Closing Segment
“Don't get greedy. Do the sniff test on these items, and make sure you're documenting and supporting to help back all this up.” – Mike Jesowshek
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
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