Tax Tips For Frequent Travelers
Travel is a popular deduction for companies and individuals. While it is legal to deduct business travel expenses, there are some rules that must be adhered to.
1) Retaining Receipts:
When it comes to deducting a travel expense, there is no denying the importance of documentation. While a multitude of travel expenses are deductible, none of those deductions will stand up to an audit without receipts. Retain receipts from hotels, air travel expenses, restaurants and taxi cabs. Less obvious expenses, including dry cleaning bills, computer rentals and baggage check costs, are also deductible if receipts are retained. If a receipt was not provided for a purchase, a hand written statement of the expense is sometimes acceptable. It is helpful to purchase a small, portable scanner so that all receipts can be easily transmitted to a digital file for storage.
2) Using A Credit Card:
Credit cards provide business travelers with a record of their purchases, and they can help to make receiving and retaining a receipt much easier. For international travel, a credit card statement offers the added advantage of converting the funds to United States currency. This gives the traveler a clear understanding about how much to claim as a deduction.
3) Additional Documentation:
A traveler who mixes business with pleasure is only entitled to deduct the business portion of their trip. As a result, sometimes additional documentation is beneficial during an audit. A businessman who retains records of where he traveled, the dates of travel and what business was conducted during the trip can prove to an auditor that deductions are legitimate. Retaining a computer file or a notebook with written notes usually suffices, as long as the notes are detailed and specific dates for meetings and business events are clear.
4) Hiring A Professional:
There is no better way to understand business deductions than to hire a professional. An accountant is an invaluable asset come tax time, and he can help a business professional to keep accurate documentation throughout the year. Accountants know what expenses are deductible, what percentage of those expenses is allowable and what records are required come audit time. Hiring someone with knowledge in these areas helps a business professional to accurately follow the tax code. If time is not on your hands you can always ask for a tax extension, which will give you some extra time to get your tax return done.
Business travel is an allowable deduction if certain rules are followed. Keeping accurate and organized documentation is the first step in getting the most value out of deductions, and it serves an individual well if an audit should take place. In addition to keeping documentation, there are many advantages to hiring a tax professional. Doing so helps the business professional to get the most out of deductions and avoid future problems with the IRS.
Good Smartphone Apps for Frequent Travelers
Frequent travelers using smartphones have the ability to download amazing apps ideal for their trip. Everyone is on the go these days and the easiest way to keep up with everything from work to home to travel are via the technology of using an app. Here is a list of the ultimate best apps for the road for smartphones.
Traveling:
- HNHSoft.com – This is an ideal app to read and listen to phrase translations from English to different foreign languages such as Japanese, Spanish, French, Russian and others. $19.99 – $29.99
- Telenav.com – A GPS navigation that speaks to you with turn by turn directions as you travel and locates your exact position so you will never be lost or confused. $9.99 per month. $9.99 per month.
- AccuWeather.com – A free app that gives your destination spot weather details.
- eSkyGuide – Check on flight schedules, airport codes, airline phone numbers, hotel phone numbers and rental car agency phone numbers and more. $4.99 per year.
- Priceline Hotel Negotiator – Locate last minute deals on hotels, rental cars and more while traveling.
- Kayak – Lists hotel rates, car rental rates, airfare prices and more. This is a free app.
Dining:
- Goodrec.com – Locates the best restaurants in your travel area with the highest scores of recommendations by other travelers. This is a free app.
- Wunderradio.com – Now you can check on your favorite team while traveling to see what the scores are as well as listen to your favorite DJ’s music from afar.
- NYTimes.com – Browse the latest and greatest news via this free app while out of the country.
Work:
- Logmein.com – Log in securely to your work computer or Mac from anywhere in the world and access what you need when you need it. $30.00
- Splashdata.com – Features encrypted passwords for confidential and sensitive data such as bank account numbers and other accounts you use.
Great Gift Ideas for the Traveler
Frequent travelers love to make their trips as easy as possible. Many seek to save money on luggage costs and to breeze through security checkpoints. Having everything needed to make a trip comfortable and fun remains difficult for the minimalist traveler. Today’s gadgets and new styles of luggage, however, make voyages easier than ever. The perfect gift for any traveler becomes simple to find with a bit of careful thought.
The single most important item to consider for travel remains the suitcase. Many airlines charge extra for checked bags so a first-rate carry-on suitcase becomes indispensible to a traveler. A bag used as a carry-on is restricted to certain measurements, so check individual airline limits. A carry-on bag with a height of 22-inches usually will be accepted on most flights. Purchase a sturdy bag and has softer sides. It will fit more easily into overhead bins. A carry-on bag makes a fine gift for any traveler.
Wrinkle-free Means Worry-free
Fabrics used to make today’s travel clothes are better than ever. Most items resist wrinkles or remain wrinkle-free even when stuffed in a suitcase for hours. Any frequent traveler would love to receive such worry-free clothing to pack into a bag. Travel clothes appear modern and stylish and most resist stains. Coordinate the colors and days of outfits become available with just a few pieces of clothing.
The Mini’s Have It
Travel gadgets have hit the market and are a booming business. From mini irons and steamers to mini coffee pots and power sources, a frequent traveler can have everything needed to make a trip more enjoyable. All the comforts of home can travel along in mini form. Flat irons, lighted mirrors, umbrellas and alarm clocks all come in mini form making packing easy. It has never been more convenient to take it all and still save room for souvenirs.
The E-Reader and Tablet
Nothing has made traveling with favorite reading material more convenient than the e-reader. Books, magazines, music and games join the adventure when the e-reader is along. Many play downloaded movies, making portable DVD players unnecessary. There is no need to carry multiple electronics which saves space in the suitcase and time at the security checkpoints. The traveling book worm would find an e-reader a must have when flying or sitting on the beach soaking in the rays.
Making Phone Calls in a Different Country
Even when travelling to a foreign country there can sometimes be the need to communicate with your family for all sorts of reasons. This often creates the need to have a phone with the ability to make international calls back home. The international calling rates can become very unreasonable if call time is not purchased before hand in order to keep things manageable. Making sure that everything is in line with one’s budget prior to leaving the country is a very good idea for keeping costs manageable. By making the effort to find a disposable phone that is going to deliver great reception with an affordable rate someone can have their cake and eat it too. The use of disposable phones for international calling has been something that has greatly grown in popularity over the years. Unless you have an amazing international roaming plan these charges can really stack up over time leaving you with a huge bill. There’s another alternative to land lines such as mobile pbx. With mobile pbx you’re able to control all of the features that a regular voip phone has but on your smart phone instead. The last thing anyone wants is to have to spend a bunch of their trip budget paying for a phone bill that could have easily been avoided. This is a really bad thing that no one wants to deal with so be sure to plan ahead to avoid it.
The number of different models of cell phones that are available in the disposable category are absolutely enormous. While they are not as fancy as their counterparts on standard cell phone plans they do get the job done time and again in a way that is satisfactory. Taking the time to have a look at all the different models in a store will not take too long at all and open up the possibility for finding a phone that works for you. There are only certain disposable cell phones that will work internationally, so at times the best thing to do is to go ahead and wait to buy the phone until you have left the country. There will of course be times when this is not possible such as if you are travelling to certain parts of southeast Asia. Be prepared to pay for international call rates that are quite high if you fail to pickup a prepaid phone for the place you are headed to. Take the time to see what your budget will allow for before making a final decision and departing for your destination without a dependable cell phone.
Things Every Traveller Should Know
When travelers embark on a trip there are a few things they should know and be prepared
for in order to make their traveling experience the best that it can be. Some of the best things to know before traveling are how to get travelers insurance, how to stay safe while traveling, and the best places to go in the destination city. These three components will help to save time searching around aimlessly and will help travelers to stay protected in a foreign city or country.
How To Get Travelers Insurance:
Before embarking on the traveling it is important to investigate different travelers insurance policies so the best one can be found before taking the journey. Travelers insurance protects against certain dangers of traveling like lost luggage, cancelled trips, delayed trips, and accidents and emergencies while abroad. Having this insurance can give travelers peace of mind while they are on their vacations and will protect them in the case that something does go wrong.
How To Stay Safe While Traveling:
Staying safe while traveling is very important and one of the easiest ways to stay protected is to protect the belongings from being stolen. Credit cards, cash and valuables are frequently stolen when people travel abroad because the people living in a certain area may rely on tourists to make a quick buck. Keep valuables at home when traveling abroad. Always keep cash and money in a pouch around the waist tucked underneath a shirt so it is more difficult to get to. It can also help to carry a decoy purse or bag with a library card and a $20 bill inside. In the case of being mugged or robbed, just hand over the decoy purse and the robber will usually take it while the real valuables are still with the traveler.
The Best Places To Go:
It is always helpful to carry a “best of” city guide so when arriving in the city travelers know the best places to go for entertainment, dining, hotels and more. These guides usually list a little bit about each place and the address so travelers can plan where they want to go and be aware of where they are going. It also helps to ask locals if a traveler knows the language about what their recommendations are. The locals usually know a whole other array of fabulous places to visit and see.
What are the Best Places to Visit in the World?
Imagine that you could travel anywhere. Where would you go? If you could pick any place in the world, then what would it be? These are tough questions to answer. The answer would depend on whether you’d like a warmer climate, or a snow-filled landscape. Here are 10 of the best places to visit in the world. If you are looking for international tour packages, click here or see below.
1.Antarctica
If you like snow and ice-covered expanses as far as the eye can see, then this continent at the south pole is the place to be. From sub-zero temperatures to blazing white lights, you’ll be blinded by the sights in Antarctica.
2. Egypt:
From the pyramids of Giza to the Nile River, this is the place to go if you want to see the Land of the Pharaohs.
Sunny weather to be had, all year long.
3. Germany:
When you’d like to be surrounded by black forests, green mountains and golden brews, Germany is a great travel destination. On the Autobahn, you may drive as fast as you’d like.
4. Sheboygan, WI:
Here is the world’s best Bratwurst festival. Wisconsin is the Land of Cheese. This is a great place to bring the kids on vacation.
5. Beverly Hills, CA:
If autographs and photos with celebrities sound appealing to you, then California is the place for that. Beverly Hills has shopping at it’s finest. Boutiques and art galleries abound.
6. Any Caribbean Island:
White-sand beaches, baby-blue waters, coral reefs and pristine horizons are wonderful memories to be found all over the Caribbean. For a relaxing tropical vacation, Aruba or Bonaire are the perfect islands to visit.
7. Washington D.C.
Filled with large monuments and gigantic buildings, the capital of the United States is a city of architectural wonders. One must not leave D.C. without touring the Smithsonian museums. They are free to enter and are filled with American nostalgia, scientific history and many other interesting things.
8. The Hawaiian Islands:
The tropical paradise of Hawaii is the vacation of a lifetime. Experience breathtaking vistas and colorful landscapes. Fine dining and romantic scenery. Para-sailing over the ocean next to Diamond Head on Waikiki Beach is the ultimate thrill.
9. Iceland, Finland, Sweden, Denmark, Belgium and any other European country:
Overflowing with historic and picturesque cities, beautiful languages and fine cuisine, Europe is one of the best travel destinations. You will find world-famous museums and shopping districts. Various cultures are still holding strong against the Western way of life.
10. Central Africa:
This area of the continent is filled with amazing natural wonders and many of the world’s most fascinating animals. Nature-lovers will find their utopia here. Witness the splendor of life.
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Making Money While on Vacation
It’s important to keep up with your income and make money even while you’re on vacation. There are many different ways to achieve this. One way would be investing in stocks, bonds or other securities that will work for you even while you’re on vacation.
With more and more people deciding to either run their own businesses or freelance from home, the idea of the “working” vacation has caught on more and more. If you have a job where you get paid time off and vacation hours, there is a good chance that the last thing that you want to do is any type of work while you are away. As far as you are concerned, work is a million miles away back at your job. If you work for yourself or you freelance, though, work has to be part of your vacation because, well, you need the money. Sure, you might not do as much work as you would at home, but you are going to need to do some throughout your vacation to make sure that you are able to keep up.
First things first: you need to be realistic about how much work you are going to be doing on vacation. If you think that you are going to be able to put do a full eight hour work day in front of your computer while you are on a beautiful tropical island, well, you aren’t being realistic. The key is put together a plan before you go so that you know where and when you can work. Different types of vacations will allow you to do varying amounts of work. If you are in a secluded cabin where you have to be your room by 5 pm with only your wi-fi to keep you company, there is a good chance that you can get a good couple of hours of work done each day. On the other hand, if you are on a cruise ship where there is always something fun and exciting to do, you realistically aren’t going to be putting too much time into working on a daily basis.
Second thing is that you’ll need to find a way to sell items over the internet. The more products you are able to sell over your website, the more money you will be able to have come your way. Whats even better is if you are selling items you’re buying while on vacation. The market for exotic items is much higher than those of domestic items. You’ll want to make sure to setup your website with an ecommerce platform in order to have a way to sell these products. There are many third party ecommerce shopping cart templates to choose from over the internet if you’re searching.
Before you leave on your trip, make sure that you leave yourself with as much wiggle room as possible on what you need to do while on your tip. Don’t leave a massive account that you need to take care of while you are supposed to be relaxing, give yourself items that you could work on, but that you can also leave for when you get back if circumstances warrant. If you can work extra long hours before you travel to get all of your work done, do that. If you can honestly go on your trip not having to worry about doing hours of work per day, you’ll be happy you didn’t sleep for a week beforehand.





