Browse Tag: Travel and Entertainment

4 Ways To Travel on a Budget

Traveling is one of the best things in life – and one of the most enjoyable ways to spend your money, is not it? But nothing better than to make an incredible and dreamed trip, but to return home with some “changed”, so you can start thinking about the next adventure in cool and unforgettable places. Some tips can really make your money appreciated, penny a cent, during a trip, but without taking advantage of what the place offers. They are just “tricks” to enjoy even more!

 

Below, we have a few tips to help you make the best out of every single trip without going broke in the process!

 

Plan and buy tickets in advance in order to save big cash

 

Buy the tickets as far in advance as possible. Stay tuned for promotions. The sooner the tickets are purchased, the greater the chance that the price will be lower. Take advantage of mileage programs, that is, those in which you earn points for each trip made by a company. These programs are a good way to travel without having so much money. Be aware of the validity of your mileage, so you do not miss the changeover period for a new ticket.

 

In Europe, it is well worth buying train passes. The trips are fast and the passes allow the tourist to make trips within a period, without having to buy each section separately. There are currently four types of passes: Eurail Global Pass, which allows travel to Germany, Austria, Belgium, Denmark, Spain, Finland, France, Monaco, Greece, Holland, Ireland, Hungary, Italy, Luxembourg, Norway, Portugal, Sweden and Switzerland ; Eurail Select Pass, where the tourist chooses three, four or five countries in a total of 23; Eurail Regional Pass, ideal for tourists who want to know only a small region of Europe; and Eurail Country Pass, aimed at people traveling only for one country. Learn more.

 

Do you mind sharing a room and having simpler meals?

 

Staying in hostels can be a good thing for those who still have a willingness to do so. There are excellent options around Brazil and out of the country as well. To top it off, it’s a great way to meet new people on the road and shop in the cheapest places of your destination. Enjoy the bargains and buy things that are the face of the place. Avoid last-minute shopping at airport free-shops, for example.

 

In some places, it is cheaper to rent an apartment than to stay in a hotel. In many cases, the apartments comfortably host up to four people and are perfect also for a couple. If you prefer to stay in a hotel, buy food at the supermarket, eat at the hotel, and avoid spending food on the street.

 

Less is more when packing

 

If you are traveling to a very cold place, make sure you are carrying all the necessary clothing to protect yourself from low temperatures, but make sure you do not over pack. There is nothing worse than carrying all that extra unnecessary weight. Avoid as much as having to buy more clothes and accessories while traveling, spending money on something you could avoid.

 

Try to cook your meals as much as possible

 

To eat out and get to know some of the local gastronomy, avoid the hottest spots on the main, most famous and bustling streets. Opt for side streets, in points less commented, but not less tasty. Learn more details at: http://www.theviveur.com/travel/best-beaches-jamaica/

 

How to Write Off Travel and Entertainment Expenses

Are you perplexed by the 13-page IRS guidelines for deducting travel and entertainment expenses? Here I hope to guide you on how to find deductions and hopefully avoid getting audited by the IRS

How to avoid missing out on deductions

Specific rules about which entertainment and travel expenses are tax deductible can make complying with the tax code seem like trying to swim upstream during a thunderstorm. However these expenses are some of the most expenses for small business and can sometimes mean the difference on whether or not a business can continue to operate the way it is and still make a profit. If you are not careful it is extremely easy to miss out on getting deductions for legitimate expenses. The following will explain how to avoid missing out on deductions in the future.

Business Travel Expenses

If your business requires that you are away from home long enough to stay overnight, you are eligible for tax deductions related to this travel. Assuming that you were away from your tax home long enough to stay overnight, you are allowed to deduct the following travel expenses (note that some rules for international travel are different):

  • Planes, Trains, and automobiles: You don’t necessarily have to choose the cheapest and most uncomfortable option in order to deduct transportation however need to choose an options that is appropriate and makes sense for the task at hand. Flying first class is generally permissible, but you won’t get away with trying to deduct a 3-day cruise you took en route to a meeting.
  • Meals: Fifty percent of the costs of meals while traveling are deductible. This includes tips and tax. Taking a client out to dinner is also deductible but it required that you document what business was discussed at the meal in order for the audit to pass.

As an alternative to documenting the exact cost of meals, the IRS offers the option to deduct a set amount for meals per day. At the end of 2009, the standard meal deduction for most cities in the United States was $46 per day. This isn’t an option for travel outside of the continental United States.

  • Lodging: This is the same as meals. You are allowed to deduct 50% of whatever you paid if you took a trip required you to stay overnight.

Entertainment

For all things business related that involve attending an entertainment event is 50% deductible except for the following examples:

Dues to civic organizations like the chamber of commerce or a professional organization.

  • You are allowed to deduct the cost of spouses’ meals only if there is a clear business purpose to do so. For instance, if you invite a customer who is visiting from out of town to dinner and it would be impractical not to invite his or her spouse, you can deduct the cost for the spouses’ meal as well.
  • Only the face value can be deducted. Service charges and fees are not deductible. If you purchase a luxury box for multiple events, only the cost of a non-luxury ticket per person can be deducted.

Final Words

Hopefully this helps you stay on top of your taxes and get the deductibles you deserve!