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

Is extensive travel one of your unfulfilled dreams?3. Research. Haven't you always wanted to find out
For years, my husband and I had talked about takinghow businesses deal with setbacks differently in
a grand tour of the U.S. and Canada, visitingdifferent parts of the country or the world? If not,
well-known cities and viewing glorious landscapes. Onthen maybe you can formulate another travel-worthy
March 1, 2003 we left in our car to do just that. Atquestion whose answers relate to your line of
the end of May, we returned home having racked upbusiness. Upon your return, you can publish a report
20,000 miles, having experienced countlessand voilà, you have a new product and your
adventures. What's more, by working just a fewtrip had a legitimate business purpose.
hours a day, we earned the same amount as at4. Focus groups. Convene small groups to feel out
home and will be deducting expenses for the entirethe market for possible new ventures from your
trip on our tax return. We plan to repeat our featcompany. You may need just one business contact in
this summer, in and around Alaska.each city where you want to do this. Offer a free
You too can do this! Here are five ways to turn thelunch or dinner for participants and something more
long trip you've been dreaming about for ages intofor your contact, and ask him or her to round up
tax-deductible - and profitable! - business travel.colleagues for an interesting colloquy on _____
1. Seminars. By announcing my itinerary to subscribers(describe the topic appealingly). To fend off
of my weekly newsletter, The Marketing Minute, Isuspicions that this will be a disguised or explicit sales
received seminar or speaking invitations for Houstonpitch, promise that the event will include no selling.
and Austin, Texas; San Francisco and Sacramento,5. Book tour. Setting up author events is a feasible
California; Seattle, Washington; Langley, Britishoption if you have at least one published book, even
Columbia and several other locations. Most businessif it came out a couple of years ago. If your book is
organizations plan events several months in advance,fiction, the events would normally be readings or
so time your trip announcements accordingly. Besidesbook signings, while if your book falls into the
appearing at events sponsored by an establishednonfiction category, you can either offer a talk about
organization, you can line up co-sponsors who knowthe topic of the book or set up book signings.
one or more of the areas you'll be traveling to andBesides all manner of bookstores, including specialty
who will take charge of your legwork in exchangeones like those focusing on mysteries, New Age,
for a percentage of the profits.Christian or gay and lesbian themes, book events also
2. Client meetings. People I had been working withtake place at libraries, museums, community centers,
remotely were thrilled at the opportunity to getchurches and synagogues. As part of selling books
together in person when I would be passing throughduring your travels, make sure you contact local
their area. Some of these meetings turned intomedia outlets along the way!
enjoyable social occasions while others materialized asReminder: Be sure to consult a qualified tax advisor
paid consultations. You'll need much less lead time toto determine whether or not your travels will count
set up these get-togethers than for seminars.as tax deductible.