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05-20-2022 01:09 PM
I've always wondered about all these trips designers take.
05-20-2022 01:14 PM
I'd be willing to bet it was very deductible. Research, you know.
05-20-2022 01:37 PM
Yep, from what I understand, they're 100% deductible, except for international flights and trips, where you're required to spend, no less than, 25% of your time attending to business issues.
Gives the traveler a lot of free time, though, doesn't it. Of course, transportation is only a small part of the deductibles. There's hotels, meals, pricy excursions with business buddies, even laundry, etc.
We'll make up the difference with the taxes for them :-(. Let the good time's roll.
05-20-2022 01:48 PM - edited 01-24-2023 01:45 AM
I would think that it is a legitimate business expense. Some businesses have to go to horrible places.
05-20-2022 01:49 PM
@depglass wrote:I've always wondered about all these trips designers take.
Not sure who Scott is, but why do you care about his taxes?
Designers travel all over the world, not only to create or further build on alliances and business partners, but also for inspiration.
Absolutely nothing unusual about that, IMO.
05-20-2022 02:41 PM
@depglass Most likely lots of it would meet the legal requirements.
I have no idea how he traveled, where he stayed, for how long, or who went with him but whatever it cost, whatever he saved in taxes would have to be spread out over the many thousands of pieces of jewelry he sells in a year.
Did he fly in his own private plane? Or with a dozen other people? Stay for several weeks? What kind of bill are you imagining?
05-20-2022 02:48 PM
Am I the only one here who has no idea who "Scott" is?
05-20-2022 06:12 PM
@Tinkrbl44 They're referring to Scott Grimes of JAI jewelry. The collection has been featured over the past few days in various shows and he said he recently went to Italy.
05-20-2022 06:47 PM
He's an employee of John Hardy so he's not going to be paying personally for the trip anyway.
05-20-2022 07:41 PM
@persiflage wrote:I would think that it is a legitimate business expense. Some businesses have to go to horrible places. I have known of clothing buyers that packed their own toilet paper when they visited some countries.
I used to do that when we would travel and stay at hotels that had that ol' cheap stuff. USA not cheap places either
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