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Entrepreneurs: Take A Tax-Deductible Road Trip Or Long Vacation

Is extensive travel one of your unfulfilledseminars.
dreams?
3. Research. Haven't you always wanted to
For years, my husband and I had talked aboutfind out how businesses deal with setbacks
taking a grand tour of the U.S. and Canada,differently in different parts of the country
visiting well-known cities and viewingor the world? If not, then maybe you can
glorious landscapes. On March 1, 2003 we leftformulate another travel-worthy question
in our car to do just that. At the end ofwhose answers relate to your line of
May, we returned home having racked up 20,000business. Upon your return, you can publish a
miles, having experienced countlessreport and voilà, you have a new
adventures. What's more, by working just aproduct and your trip had a legitimate
few hours a day, we earned the same amount asbusiness  purpose.
at home and will be deducting expenses for
the entire trip on our tax return. We plan to4. Focus groups. Convene small groups to feel
repeat our feat this summer, in and aroundout the market for possible new ventures from
Alaska.your company. You may need just one business
contact in each city where you want to do
You too can do this! Here are five ways tothis. Offer a free lunch or dinner for
turn the long trip you've been dreaming aboutparticipants and something more for your
for ages into tax-deductible - andcontact, and ask him or her to round up
profitable!  -  business  travel.colleagues for an interesting colloquy on
_____ (describe the topic appealingly). To
1. Seminars. By announcing my itinerary tofend off suspicions that this will be a
subscribers of my weekly newsletter, Thedisguised or explicit sales pitch, promise
Marketing Minute, I received seminar orthat  the  event  will  include  no  selling.
speaking invitations for Houston and Austin,
Texas; San Francisco and Sacramento,5. Book tour. Setting up author events is a
California; Seattle, Washington; Langley,feasible option if you have at least one
British Columbia and several other locations.published book, even if it came out a couple
Most business organizations plan eventsof years ago. If your book is fiction, the
several months in advance, so time your tripevents would normally be readings or book
announcements accordingly. Besides appearingsignings, while if your book falls into the
at events sponsored by an establishednonfiction category, you can either offer a
organization, you can line up co-sponsors whotalk about the topic of the book or set up
know one or more of the areas you'll bebook signings. Besides all manner of
traveling to and who will take charge of yourbookstores, including specialty ones like
legwork in exchange for a percentage of thethose focusing on mysteries, New Age,
profits.Christian or gay and lesbian themes, book
events also take place at libraries, museums,
2. Client meetings. People I had been workingcommunity centers, churches and synagogues.
with remotely were thrilled at theAs part of selling books during your travels,
opportunity to get together in person when Imake sure you contact local media outlets
would be passing through their area. Some ofalong  the  way!
these meetings turned into enjoyable social
occasions while others materialized as paidReminder: Be sure to consult a qualified tax
consultations. You'll need much less leadadvisor to determine whether or not your
time to set up these get-togethers than fortravels will count as tax deductible.



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