Maximize Tax Deductions (CONT’D FROM PAGE 1 )
( flemmingbusinessservices.com ). “Take notes that sup- port the business nature of your trip. Whom did you see? What subjects did you discuss? How did activities during your trip support your operations?” Retain any materials such as show badges or seminar workbooks that help prove you were actually at the event, says Flemming. Other helpful materials would be confer- ence agendas with business-oriented sessions, a list of ex- hibitors who serve your organization, a catalog of relevant seminars and business cards and vendor brochures. What To Deduct Here is an important caveat: The ideas in this article are intended to provide you with initial guidance. You should always confer with qualified legal and accounting profes- sionals to make sure you deduct expenses properly. So what are some deductible expenses? Actual trans- portation costs are the most obvious. They can include travel by airplane, train, bus or automobile. Taxi or hired car travel during the trade show visit is also deductible. So are baggage costs, tips and what the IRS calls “ordinary and necessary expenses related to your business travel.” These might include rental fees for computers or other equipment. The Internal Revenue Service provides extensive guid- ance on the deduction of expenses in its publication Trav-
SPECIALTY FOLDER GLUERS • OPERATOR TRAINING • REBUILDS & RELOCATIONS • RECONDITIONING in Kenosha • PARTS & MACHINE REVIEWS • GUARANTEED IMPROVEMENT TOROSIANTECH SERVICES INC. Training and Reconditioning Center 930 Tenth Street • Racine, WI 53403 (800) 555-5876 (U.S. only) Phone: (262) 633-5133 • Fax: (262) 633-5176
CONTINUED ON PAGE 28
Do you need printed sheets? We have your answer.. Introducing Heartland’s ColorCorr. This is “flexo-printing in the round”. On our corrugator we can print up to 109” wide. The advantage is that we can print the equivalent of ½ roll at a time and not be required to keep several rolls of very expensive preprinted paper on the floor. Much less waste and risk. In continual print mode, we use either laser-engraved rubber rolls or solid rubber rolls to print a “flood coat” or a repeating pattern. If we are printing a repeating pattern, we can run a two-color design on the paper. Customers have found that running sheets we print can allow them to run a lighter-grade due to reduced caliper loss, and in some cases eliminate one or more machine passes.
For more information contact: Charlie Freeman | 816-500-8889 | cfreeman@heartlandsheets.com Tim Kramer | 816-841-8317 | color@heartlandsheets.com
24
www.boardconvertingnews.com
August 2, 2021
Made with FlippingBook Annual report maker