Mark Kocher shows how to turn family trips into tax deductions. Schedule informal gatherings as board meetings where you discuss business, then write off travel and meals. Keep records so it survives an audit.
Corporate formalities save you taxes because you know why? You're going to have a board meeting. You're going to take your loved ones, your family, teenagers, mom, dad, best friends, girlfriends, whatever, and you're going to go on a little overnighter trip wherever, whenever, and you're going to talk about the company and you're going to document the meeting and you're going to have this board meeting that becomes a tax write-off. And oh, wait for it, take care of some important formalities. This is a beautiful thing, doing corporate formalities.
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