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Tax Write Off Travel


Hobo Travel Tips
By Andy the HoboTraveler.Com

ISSUE:  082
DATE:  August 14, 2002
TIP:  Tax Write Off Travel
LOCATION:  Koh Phi Phi, Thailand

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~ TODAY’S TRAVEL TIPS

TAX WRITE OFF TRAVEL
or save enough to visit the country.

I once pretended to be a business person
in the USA. I walked the walk and talked the talk.
I even made money.

I always laughed and realized the naive comments
from employees and friends..
“IT IS A TAX WRITE OFF.”
I would than comment,
“I still have to earn the money.”

EXPENSES TO BUSINESS
There are real expenses to a business.
The cost of paying the rent.
The cost to pay for advertising.

WHAT IS LEFT OVER IS TAXABLE
You get paid 1000 Dollars.
It cost you 500 Dollars to do the job.
You pay taxes on 500 dollars.

I know that is simple but I am a simple person.

DUAL BENEFIT PURCHASE
You can make business purchases that serve
2 purposes. They are real, and legitimate cost.
They are not illegal and you are not cheating
the government or your fellow citizens.

EXAMPLES:

COMPANY CAR
There is a bonus of buying a NICE company car.
You get to drive a good vehicle, and it can be an
expense to your business.

BUSINESS LUNCH
You go to your favorite business with a client.
You have a business meeting and eat.
You enjoy the great restaurant, and do business.

BUSINESS TRAVEL
You go to Hawaii for a trade conference to discuss
the new release of a WIDGET or product.
You get to see Hawaii.

A REAL STORY
In the past I owned a Real Estate company.
I did a little bit of everything sell, buy, rent, or
form partnerships and got bored.

I had these shirts and jackets.
That said... “OVERPRICED LOGO SHIRTS”
That was a joke.
They had my company name, and the
company logo on the shirts.
(Best advertising I ever did)

I would buy 20-30 shirts at a time.
It cost me 7 Dollars USA for the embroidery per shirt.
It cost me about 18 Dollars USA for the shirt.
It cost about 50 Dollars USA to have them make
the digital file for the sewing machine that did the logo.

25 dollars per shirt.
time
30 shirts... Equals
750 Dollars

ACAPULCO MEXICO
I am walking around in Acapulco being the curious
guy I am, and walked into this fabric store. I am walking
around the place, and this guy in the back has a machine
like my persons embroidery machine at home.
I look around some more, and then ask,
“How much?”
This whole conversation was in Spanish, but you
get the idea.

COST
1 Dollar per embroidery.
11 Dollars for the shirt.
5 dollars to put in the computer.

12 DOLLARS PER SHIRT
Times
30 Equals
360 Dollars for the SAME quality shirt.

So in the USA I pay
750 Dollars
360 Dollars in Mexico.

I would SAVE 390 Dollars USA.
UNDERSTAND
It could almost paid the price for a plane ticket.
This is a dual benefit situation.

AVERAGE JOE BLOW OR JOHN DOE
I paid 3 dollars in Ecuador to have my teeth cleaned.
I paid 4 dollars for Anti-Biotics last week.
No doctor, and cheap medicine.
I can buy every type of shirt, suit, or clothing
or decorations for a home at 1/5 the price

I AM NOT AN ACCOUNTANT
I AM NOT AN ATTORNEY
This is a disclaimer. Do not rely on my
opinions. Ask an expert. These are idea
that I believe are possible.

OTHER IDEAS
I help my friend Jackie with her WEBPAGE in the
USA. I keep telling her,
“Jackie come and visit. We can work on your page.
You can have a vacation and learn
about making a webpage.
Write it off as an expense.”

I was trying to get my friend XXXX to invest in
an OFFSHORE HOSTING project. I told him.
Come and visit. We can sit around and laugh.
Talk over the REAL project, and you can write
it off.

RETIREMENT BUSINESS INVESTMENTS
I know a lot about Real Estate and know lots
of people that lose all their money investing in
small hotels and business in other countries.
They are thinking in western world terms, and
trying to apply them to underdeveloped countries.
You can make some exploratory trips to other
countries to find the place for a new business,
or to buy and existing one. I keep collecting
ideas for Hostels so I could be the owner of one
if I decide to stop moving.

IMPORT / EXPORT
You can travel to other countries and take
things home to sell. I do recommend you have
a friend that has a store where you can sell the
things.

There are hundreds of ways to buy cheap
and either save, or make enough money to
pay for a trip to paradise.

OF course. I am not a “Non-Profit” organization.
My.... Non-existent charter declared me willing
to give tours for 100 dollars USA per day.. NET
Fun, keep you safe, and I take digital photos.
I will take you on a Tax Write off Tour,
Click reply and tell me dream please.

Just another day in Paradise!
PLAN YOUR ESCAPE...
Be a Hobo, and leave your mark.

X     Hobotraveler.com was HERE!

Life is good.
The Hobotraveler.com

As always, these are suggestions. Please realize I am
giving guidance, and there are always other opinions.
“One mans paradise, is another mans hell”
This way we do not all go to the same place.

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Article written by Andy the Hobotraveler.com
On year 5 of Hobo trip around the world.
Budget Travel, Jobs, and Adventure, etc
Subscribe to Free Newsletter at:
http://www.hobotraveler.com/
You may publish this article for Free
on the internet If this box stays attached.
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