Combine Business Travel & a Family Vacation
Without Losing Tax Benefits
you thinking about turning a business trip into a family
vacation this summer?
This can be a great way to fund a portion of your vacation
costs. But if you're not careful, you could lose the tax
benefits of business travel.
Generally, if the primary purpose of your trip is business,
expenses directly attributable to business will be deductible
(or excludable from your taxable income if your employer is
paying the expenses or reimbursing you through an accountable
Reasonable and necessary travel expenses generally include:
- Air, taxi and rail fares,
- Baggage handling,
- Car use or rental,
- Meals, and
Expenses associated with taking extra days for sightseeing,
relaxation or other personal activities generally aren't
deductible. Nor is the cost of your spouse or children
traveling with you.
How do you determine if your trip is "primarily" for business?
One factor is the number of days spent on business vs.
pleasure. But some days that you might think are "pleasure"
days might actually be "business" days for tax purposes.
"Standby days," for example, may be considered business days,
even if you're not engaged in business-related activities. You
also may be able to deduct certain expenses on personal days
if tacking the days onto your trip reduces the overall cost.
During your trip it's critical to carefully document your
business vs. personal expenses. Also keep in mind that special
limitations apply to foreign travel, luxury water travel and
certain convention expenses.
your tax savings
For more information on how to maximize your tax savings when
combining business travel with a vacation, please contact us.
In some cases you may be able to deduct expenses that you
might not think would be deductible. Call us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,