Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Tips to boost business travel deductions Clients can claim a tax deduction for business travel expenses even if they tagged along a non-employee in the trip, according to Business Management Daily. They can deduct the airfare, lodging fees, and 50% of the cost of meals as long as they can prove that the trip is related to business. It is also suggested that clients deduct what it would have cost to stay in a single room during their trip, even if it’s more than half the cost of their double.
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