(Crain’s) — With the beginning of summer, New York entrepreneurs are beginning an annual ritual: planning their summer vacations in such a way as to make them tax-deductible.
Despite what you might have heard from fellow business owners, you can’t deduct the cost of a trip to Cancún if you’re planted under a beach umbrella for the duration. The fundamental question is how much time you spend on business and how much on pleasure.
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