Scott Wainner, one of the oldest (by that I mean long-standing, not ancient and decrepit) online money makers has posted a great tip on his new blog about saving money on your travel by starting a travel reviews website and declaring all travel expenses as business expenses. Thus they are tax deductible!
Nice tip eh?
Well I’ve been doing something similar for years now. I own the website WhatDVD.Net, which reviews DVDs and Films, so naturally any movie related expenses I incur are legitimately offset against earnings as I review the films and DVDs I see and buy.
It doesn’t stop there either, as I also run 3 Transformers websites whenever I buy a Transformer, which is often, the cost of the little sucka is once against offset against earnings for tax. This is all perfectly legit as they are used for money making ventures. For example, I recently purchased the Ultimate Edition Bumblebee at a mind blowing £79.99… ouch. Thankfully, because of the review on TheTransformers.Net the money spent on him can be offset.
Nice tip huh? Remember it has to be legit, so start those websites now.