Home » Accounting Articles » Tax Reduction Expert Explains How Small Business Owners Can Get a Tax Deduction for Taking a Cruise
Tax Reduction Expert Explains How Small Business Owners Can Get a Tax Deduction for Taking a Cruise
Tax reduction expert Murray Bradford directed small business owners to his article "How Safe-Harbor Rules Can Audit-Proof Your Cruise to the Caribbean" in the Tax Reduction Letter, where he explains how small business owners may write off the expenses they incur on a cruise.
SAN RAFAEL, CA, February 11, 2009 /Accounting PR News/ -- Tax reduction expert Murray Bradford directed small business owners to his article "How Safe-Harbor Rules Can Audit-Proof Your Cruise to the Caribbean" in the Tax Reduction Letter, where he explains how small business owners may write off the expenses they incur on a cruise:
http://www.taxreductionletter.com/pdf/Vol16-1Jan07.pdf
It is one of the 171 tax-lowering strategies in "Tax Strategies for the Self-Employed (2009)," Bradford's do-it-yourself tax course tailored to one-owner and husband-and-wife businesses. The curriculum draws on his expertise from 30 years in accounting, including a lengthy tour of duty at Price Waterhouse.
"Tax law has a rule book," said Bradford. "Safe harbors and documentation standards are there for entrepreneurs to follow and thus audit-proof their deductions -- even for an excursion on a cruise ship. The prevailing criterion is whether or not the travel involves business of any kind. If the business owner can satisfy this criterion, and tax law considers the cruise ship to be a defined alternative to air travel (which, in many cases, it does), as much as the entire trip may be written off as a business expense."
Publisher of the Tax Reduction Letter (http://www.taxreductionletter.com) every month, tax reduction expert Murray Bradford, CPA, has years of experience in developing and implementing small business tax reduction strategies. A former accountant for Price Waterhouse, Bradford is founder of several tax reduction strategies businesses. Quoted in national publications such as The Wall Street Journal and on national programming such as Financial News Network and CNBC, Bradford has helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His popular courses provide actionable small business tax advice.
Bradford's article provides detailed guidance to small business owners so that they can determine whether or not a cruise may be considered a tax deduction, such as:
• How safe harbor rules protect cruise ship deductions for trips outside the United States
• How the law classifies each day of a trip as business or personal
• How the law applies special cruise and other rules to conventions, meetings and seminars
• Rules for substantiation that produce audit-proof deductions
• Two ways to make a spouse's trip deductible
• A rule to follow for cruise travel within the United States
"Many tax deductions are not readily apparent to small business owners," said Bradford. "They need an expert who can point out the many possibilities and guide them through the process of properly documenting their activities in order to take full advantage of the tax savings they deserve. This year's course provides instruction on a plethora of possibilities, with writing off a cruise being just one example."
Bradford's "Tax Strategies for the Self-Employed (2009)" is designed to help one owner and husband-and-wife businesses navigate the maze of rules they must follow to properly determine and report their income:
http://www.taxreductionletter.com/mbh1
The annual course is designed to help one owner and husband-and-wife businesses navigate the maze of rules they must follow to properly determine and report their income. The annual tax reduction course reveals 171 tax lowering strategies that draw on Bradford's expertise from 30 years in accounting. Readers may order Bradford's tax-saving course now:
http://www.bradfordandcompany.com/Products/On-the-Go.html
Possessing expertise in just about every aspect of taxes for small business, Bradford provided a tutorial on incorporation on YouTube, walking viewers through the questions they should ask themselves before they decide whether or not to convert to an S Corporation:
http://www.youtube.com/watch?v=NONt54CDR3s&feature=channel_page
About Murray Bradford, CPA, Tax Reduction Expert
Tax reduction expert Murray Bradford, certified public accountant and publisher of the monthly Tax Reduction Letter, has years of experience in developing and implementing small business tax reduction strategies. Following nine years at Price Waterhouse, where he twice enjoyed the distinction of being selected to serve in the firm's Washington, D.C. national office, Bradford launched his tax reduction strategies businesses to focus on lowering taxes for one-owner and husband-and-wife businesses. Bradford has since helped more than 500,000 self-employed taxpayers realize an average of $17,700 in new tax deductions. His courses, including "Murray Bradford's Tax Strategies for the Self-Employed (2009)," are veritable goldmines of actionable small business tax advice. The news media regularly turn to Bradford for his tax strategy expertise, which he has shared in print publications and on radio and television programming, such as "CBS News Nightwatch," Financial News Network, KCBS, KGO-TV, KGO-radio, WFAN, WABC-TV, Fox, NPR, CNBC, The Wall Street Journal, The New York Times, Changing Times, Chicago Tribune, Money, Fortune and USA Today. A former Marine and author of several books, Bradford is an active member of the American Institute of Certified Public Accountants, the California Society of CPAs, the Minnesota Society of CPAs, and the Greater Washington, D.C. Society of CPAs.
Readers may view a further bio of Bradford at the following URL:
http://www.taxreductionletter.com/http:/www.expertclick.com/ProfilePa ... al=19-3541
They may also turn to Bradford's TaxStrategies Blog (http://www.taxstrategies.wordpress.com/) and YouTube page (http://www.youtube.com/user/taxreductionexpert) for his latest thinking on matters tax-related.
The media may contact either of the following individuals:
Robin Smith
Regional Resource Manager, Tax Reduction Letter
7 Mount Lassen Dr., Ste. C258
San Rafael, CA 94903
rsmith AT bradfordandcompany DOT com
PHONE (direct): 415-446-4346
PHONE (main): 415-446-4340
FAX: 415-446-0127
http://www.taxreductionletter.com/
Brent W. Skinner
President & CEO of STETrevisions
PHONE: 617-875-4859
FAX: 866-663-6557
BrentSkinner AT STETrevisions DOT com
http://www.STETrevisions.com
http://www.brentskinner.blogspot.com
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Press Release Contact Information:
Robin Smith
Tax Reduction Letter
Regional Resource Manager
7 Mount Lassen Drive, Suite C258
San Rafael, CA
United States 94903
Voice: 415-446-4346
Fax: 415-446-0127
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