Tax attorney Mark Kohler shows small-business owners how to deduct holiday travel by holding formal board meetings during Thanksgiving or Christmas. Schedule the meeting, write off flights and hotels, and use the Augusta Rule to rent your home to your business for the gathering.
Hold your board meeting during the holidays and take a write off for travel, dining, and maybe even the Augusta rule, renting out your home to your business to hold this special board meeting. You might be traveling at Thanksgiving or Christmas. And people, this is so important. We've been teaching this over and over and over again. If you're an LLC or a corporation, you should all be holding a board of advisors or board of directors meeting. And if you're like, I've never heard of this and I have an llc, that's because you probably set it up online or not with us, a real law firm. So you need to get your LLC board meeting held to give you better asset protection. You can take a tax write off. It's going to bring your family together. You can get your family involved. You could even justify payments to family members for compensation.
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
