Trade Show Tax Tips
Trade shows such as Clean ’09 are great for finding new products and making profitable contacts. But you know the downside: With the rising cost of travel, going to a show can be expensive. Plane fares, car rentals, hotel bills and meals—they add up.
What to do? You can reduce a trade show’s impact on your bottom line by deducting all appropriate travel costs as business expenses on your income taxes.
Take care, though: You must deduct only those expenses allowed by law.
“The IRS is always looking for excessive or ...
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