Mark J. Kohler’s Post

Traveling for business isn't just about the destination…it's about the deductions! 🧳 Whether it's a conference in Dallas or a self-help seminar in Atlanta, business-related travel costs are 100% deductible. That includes all fees to travel and attend. And if you get hungry, you can deduct 50% off your dining expenses as well. Deductions make every journey even sweeter! #cpa #taxes #business #travel #deductions #writeoff

Here’s an idea: how about transforming your next vacation into business travel? With careful planning, your transportation to any destination could be fully deductible. This includes airfare—even first-class—luxury hotel stays, and cruise expenses. If you can tie your travel to business purposes, you can enjoy substantial tax savings, depending on your tax bracket. To learn more about the two types of deductions and the five rules for turning your vacation into tax-deductible business travel, visit our blog at https://lnkd.in/e-7x-Ekh Related Topics: business deductions CPA accountant accounting services tax planning business planning business finances taxes #businessplan #businesstip #businessplanning #businessowner #organized #taxes #taxprofessional #taxtips #taxpreparer #taxplanning #entrepreneurmind #entrepreneurtips

Hotels are one of the best asset classes for Cost Segregation. I’ve secured at times 45% of the purchase price as tax deductions year one for Hotel Owners. Owners, have the conversation! #cre #hospitality #taxes

Summer Tax Tip for Small Business Owners! Tax Tip: Planning a summer business retreat or conference? You can deduct travel, lodging, and 50% of meal expenses if the trip is primarily for business purposes. This is a great way to enjoy a summer getaway while saving on taxes! Key Points: Travel Costs: Deduct 100% of airfare, train tickets, or car expenses. Lodging: Deduct the cost of your hotel or other accommodations. Meals: Deduct 50% of meal expenses during your business trip. Pro Tip: Keep detailed records of the business activities and expenses to ensure you meet IRS requirements. Make the most of your summer while being smart with your finances! Contact us at 860-490-9741 for personalized advice. "We teach you how to beat the IRS legally, morally, and ethically." #TaxTip #SummerBusiness #TravelDeductions #SmallBusiness #KingdomFinancialSolutions #BeatTheIRS #SmartFinance #BusinessTravel

Are You Missing Out on Deducting Travel Expenses? Losing out on some serious savings... Here’s how to make sure you’re maximizing those travel deductions: Business Travel: Expenses like flights, hotels, and transportation for business purposes are still fully deductible. Keep those receipts organized! Entertainment: Since the TCJA reforms, taking clients to games or concerts is no longer deductible. But don’t worry—there are still ways to save. Pro tip: Business meals during travel or client meetings are still 50% deductible—just make sure to separate them from entertainment costs! Also, certain employee meals at events can be 100% deductible. But... Clear documentation is key. Combining meals and entertainment can lead to issues with the IRS, so keep them separate. Want more insights on maximizing your tax savings? Drop us a DM now and share this with someone who may need it! #tax #wolfofwallstreet #travelling

News to note, and to dig into, on this Monday morning — in case you didn't know #PerDiem rules are changing and may impact you clients. "Special per diem rates become effective Oct. 1 to substantiate the amount of expenses for lodging, meals and incidental expenses when taxpayers travel away from home, the Internal Revenue Service announced." #irs #taxes #employeeexpenses #employment #tax #accountingnews

✈️ Business Travel & Tax Deductions: What You Need to Know! 💼 If you're traveling for business, those expenses could be tax-deductible! Here’s what you can claim: 1️⃣ Transportation Costs – Flights, trains, rental cars, or mileage if you’re driving. 2️⃣ Lodging & Meals – Hotel stays and meals during your trip. 3️⃣ Business-Related Expenses – Internet access, conference fees, and other business essentials. 💡 Keep detailed records and receipts to ensure you can claim these deductions come tax season! Need help understanding what qualifies? We’ve got you covered! #BusinessTravel #TaxDeductions #SmallBusinessTips #BusinessExpenses #TravelSmart #TaxPlanning

Book your free consultation using our online booking system. Using our online appointment booking system, you can schedule a free consultation that fits in with your day and helps you balance the hundred other things that you have on your 'to do' list. Bookings are instant and you’ll receive immediate confirmation that your appointment has made its way to our diary. There’s no need to wait for business hours as our online system is always open, accommodating your schedule. Just a friendly reminder that at The Tax Faculty, our initial consultations are designed to get to know you and your personal circumstances better. They are always zero pressure, no obligation and completely free. Spend your valuable time on what matters most to you. Save time. Reduce stress. Streamline your day. Book your appointment online at: https://lnkd.in/et2A-h_9 #onlinebooking #taxadvice #tax #taxconsultants #TheTaxFacultyUKLtd #convenience #appointmentsyourway

When planned correctly, you can maximize the tax benefits of all your short business trips by making them fully deductible, especially if you extend your stay over the weekend. To turn your weekend getaways into tax-deductible trips, consider using a smart strategy called "wrapping a weekend." According to the IRS, if you combine business travel with work on both Friday and the following Monday, the Saturday and Sunday in between can be considered business days. This allows you to deduct your hotel expenses and meals during that weekend. While in the past, entertainment expenses were also deductible, this option is no longer available after the elimination of the entertainment expense deduction. Nevertheless, being able to deduct hotel costs and meals can still provide a nice saving on your weekend escape! Just remember to keep detailed records of your business activities on both Friday and Monday to support your claims. #taxstrategy  #taxeducation #p3accounting #oklahomabusiness #oklahomaentrepreneurs #oklahomasmallbusiness #okcentrepreneurs #taxexperts

Warm weather, sunny days, and more daylight can make summer a great time to earn extra money. Whether you’re driving for a ridesharing service or working at a seaside hotel, we’ve got tax tips just for you. Book your appointment today. Call us on +737-368-5811. #ExtraIncome #EarnMoney #Taxagon #TaxTips #TaxAdvice #FinancialTips #SummerEarnings #SideGig #TaxPrep #IncomeBoost