Small business operators have a number of tax deductions available to them including deductions for business trips. About such deductions the IRS states, “Travel expenses are the ordinary and necessary expenses of traveling away from home for your business, profession, or job.”
Vacation provides families with a week or two of rest and relaxation, the right elixir for what ails us. That “ailing” may, however, be worsened if the vacation leaves everyone stressed especially when returning to a wad of bills for expenses incurred.
You and your sweetie may be deciding if you should dine on a home-cooked dinner or eat out for Valentine’s Day — there are pros and cons for both.