Turn Your Summer Vacation into a Business Deduction Legally

The owners of Just A Minute, LLC have just released the 5 crucial rules to turn your summer vacation into a business deduction legally. With the right information, careful planning, and good records, your summer vacation can legally become a business trip.

Kari VanNoy and Linda Allen, owners of Just A Minute, LLC, a company that provides monthly resolutions and Annual Minutes production services for businesses, created their company to help small business owners and executives protect themselves and their companies while keeping their focus on running the business. During the peak vacation season, they have published the 5 critical rules that must be followed to turn a vacation into a business trip.

1. Have the right reason – find a business reason for the trip. Then schedule your time each day to accommodate business purposes and functions for at least half of your day.
2. Know the IRS Rules – Know the specific rules for business travel in the eyes of the IRS. Know what you must do to be able to take a spouse or significant other on the trip and deduct his/her expenses. Learn how to make weekends part of your deductible trip.
3. Keep accurate records – VanNoy and Allen have even produced a business travel expense envelope for this purpose. All the notes can be recorded on the envelope and all receipts can be safely kept together inside it.
4. Prepare “Special Meeting Minutes” for each trip – keep accurate notes on each meeting, even with colleagues, including date, time, persons present, length of meeting and subjects discussed and decisions made.
5. Check with your CPA – if you don’t understand one of the IRS rules or you are uncertain about what qualifies, just check with your CPA about how to make the rule work for you.

With this guidance, small business owners and executives will be all set for the summer vacation season.

About Just A Minute, LLC

For over ten years, owners Kari VanNoy and Linda Allen, both paralegals, have been building their mission to educate and protect small business owners. They created Just A Minute, LLC to assist busy small business owners and executives with their company minutes and resolutions to keep their company assets safe, secure and protected. To learn more about how they help busy executives stop playing catch-up and start getting ahead with their company paperwork, visit www.justaminutellc.com.