Once you become a Referring Travel Agent with YTB Travel Network, a whole new vista of tax savings become available to you. In addition to your travel savings, you may pick up 20-30% in savings through tax-deducting all your travel expenses (consult your tax advisor), including the following if you operate your YTB home based business:
• Office space
• Computers and accessories
• Office supplies
• Professional training
• Furniture
• Automobiles
• Entertainment
• Travel & vacations
• Office phone & cell phone
Let's take a look at how owning a home based travel business coupled with traveling at wholesale can save the average American thousands of dollars every year. The example below is based on what the average American spends annually on travel & vacations (at a 33% tax rate). It's very important to understand the difference between traveling with after-tax dollars as opposed to traveling with pre-tax dollars as a business owner. Here's the formula YTB Travel Network offers you:
Employee |
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Travel Business Owner |
Earn money |
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Earn money |
| Pay taxes |
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Spend on expense |
Spend
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Pay taxes
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In the example above, an employee pays for their vacation with after-tax dollars, but the YTB home based travel business owner pays for their re-priced vacation with pre-tax dollars (as an expense) and walks away with $2,000 in their pocket. Which way would you rather travel?
