My small business taxes will be reduced this year and every year when my family takes a vacation. With a home based travel business I am able to take advantage of many tax deductions.
1. Pictures and Videos While visiting a travel destination my family and I will take pictures and make videos. Since I have an unincorporated home based travel business through Travelencia I can hire my family while we are on vacation.
2. Itinerary. I will ask my daughter Natalie (12) to find a fun family vacation spot that we can go to in the following year. She will be in charge of the trip itinerary. She is instructed to pick places that are not only fun and exciting but that will also offer valuable content for our videos and pictures.
3. Call Travelencia. For the next step my wife will call Travelencia. Through Travelencia all the necessary arrangements are made. Travelencia offers 0% layaway financing so our credit card stays out of the picture.
4. We Need A Grip. A grip is the name given to the individuals on a movie set who are in charge of the equipment. I will hire Joseph (14) and Joshua (10) for this job. They will be in charge of the video and camera equipment. They will need to make sure the batteries are charged and everything is in good working order.
5. Next YouTube.com. With simple software that we all have access to the videos and pictures will be prepared for the internet. YouTube.com is free and an excellent marketing tool. We will all work together to edit and add our contact information.
6. Internet Marketing. The Infinite Potential Forum is free to join with no monthly fees. Here I post a link in the “Support My Marketing Efforts” section. Traffic is created which leads to new sign ups in our home based travel business.
Bill Gates has said that a working knowledge of the tax code is the greatest reason for his success. We have to learn to keep more of what we make so our wealth will grow.