James Blakemore explains that business travel expenses are tax-deductible and the points you earn don't count as income. Stack those rewards over years, then use them for free vacations after you sell your company.
Chapters
James Blakemore coming to you from the famous Rice Estate in Boston, Massachusetts, actually in Ipswich. Absolutely gorgeous place. This is one of the famous estates along the lines of the Vanderbilt Estate, Rockefeller Estate, that sort of thing. This is just an absolutely beautiful place. I'm here with 40 or 50 of the top entrepreneurs from across the United States. We're all here helping each other build our businesses, grow our businesses better, live better, all that sort of thing. Last little, uh, tidbit that I learned: do you travel for business? Do you, uh, spend time in hotels and on airlines? You get to deduct those, uh, from business, for business purposes, from your taxes. But the benefit you get is, uh, you get to collect the points and the miles, and those points and miles aren't taxed, and you can save those for when you, uh, exit your business and want to spend more time with the family. You can use those miles and points for that purposes. Are you interested in selling your business? I'd love to help you. I've been in business for 50 years. I've been a, uh, solo entrepreneur. I'm in the business of buying businesses and helping business owners scale their business or even exit their business. So my name is James Blakemore. My website or my email is james@jamesblakemore.com, or you can call me at 432-684-4305. Look forward to hearing from you. Take care and have a great day. Bye-bye for now.
