Debt-Go.com

Small business taxes can be substantially decreased with proper planning. For example, I have started a home based travel business. As a tax accountant I know that, through proper structuring, I can now deduct our family vacations.

1. Pictures and Videos While visiting a travel destination my family and I will take pictures and make videos. Since I have an unincorporated home based travel business through Travelencia I can hire my family while we are on vacation.

2. Hire Your Child For An Itinerary. Natalie is 12 and loves to make arrangements. Hence, I will hire her to do the vacation itinerary. My only instructions are to choose places that are fun and that will provide an excellent back drop to our pictures and videos. Since she is almost a teenager fun is her middle name.

3. Call Travelencia. For the next step my wife will call Travelencia. Through Travelencia all the necessary arrangements are made. Travelencia offers 0% layaway financing so our credit card stays out of the picture.

4. Grips Anyone? Joseph (14) and Joshua (10) will be in charge of all the video and camera equipment. They will make sure it is in good working order with batteries charged. While traveling from place to place they are also responsible for setting up and taking down the equipment when we shoot videos and take pictures.

5. Where To Market? From our home computer we will prepare the pictures and videos from our vacation to be uploaded to YouTube.com. This will be enjoyable for my children to get a taste of advanced marketing techniques.

6. Internet Marketing. The Infinite Potential Forum is free to join with no monthly fees. Here I post a link in the “Support My Marketing Efforts” section. Traffic is created which leads to new sign ups in our home based travel business.

Bill Gates has said that a working knowledge of the tax code is the greatest reason for his success. We have to learn to keep more of what we make so our wealth will grow.