Here’s a powerful year-end tax strategy — hold your board meeting during the holidays and write it off.
If you have an LLC or corporation, you should be holding an annual board of directors or board of advisors meeting. It’s not just for big companies — it’s what makes your business legitimate. You can write off travel, dining, lodging, and even use the Augusta Rule to rent your home to your business for the meeting.
Do it during Thanksgiving or Christmas while the family’s together, get your kids involved, and lock in real tax savings before year-end.
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