Tuesday, January 30, 2007

Setup a Travel Agency. Why?

I ran into an opportunity that I think anybody that understands business and tax laws should listen up. I created my own company back in 1999 and have been able to use my business to pay for many legitimate expenses (i.e office supplies,telephone business, transportion and so on). This means that I have been able to pay for many things with what is considered PRE-TAX money. As long as it is a legitimate expense you are good to go and can save about a 1/3 of your money (I am not a tax expert and everybody's savings might be slightly different, so make sure to check with your tax attorney/accountant).

This business has a model that takes advantage of network marketing (Stop, I know all of you are thinking AMWAY) but remember to listen to the whole scoop before knocking it. If you setup your own travel agency and decide not to take advantage of the business opp then you can still save some money. If you already travel every year and spend at least $600 a year then you can save this easily in Tax Savings.

The difference between a travel agency and a regular business structure is that a travel agency business has more legitimate write offs. Let's say that you are going to Las Vegas and you are meeting a friend at the Bellagio for lunch and you are promoting your new travel agency, your meal is 100% deductible. Now let's say that you decide to checkout one the cool shows in Vegas, well as a travel agency you are previewing the show for future referrals for your clients, so guess what, 100% deductible. I think you get the point. So let's break it down a bit further.

VEGAS TRIP
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1. Plane Tickets - $300
2. Hotel Stay - $1000
3. Lunch at Bellagio - $100
4. BlueMan Group - $100
5. Preview Madame Tusade Wax Museum - $30
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TOTAL: $1530 can be 100% Tax Deductible

Just to let everybody know I am in the process of setting my agency up so stay tune. I am also going to setup a replicated model so for those who are like me and don't have time to market a business, hopefully this model will bring the business to you.

Oh, before I finish this blog, the cool thing with being a Travel Agent is that you get to travel like an insider. Free upgrades at resorts, discounts, and also FAM trips which are specifically made for travel agents so they can promote the vacations to ther clients.

I don't know about you but for those who travel every year and spend at least $600, I would rather take advantage of the tax savings then just giving my money away. It's a no brainer. Oh also if you book your own travel through your travel agent site you get commission on your own bookings. Cool stuff. This is a public company so I can tell you that they are more legit than any other network marketing program I have seen.

I will let you know when it is all setup. Stay tune.

If you have questions email me at jdaganzo@cfl.rr.com


Jerson

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