Deducting travel from your taxes: Business English for Entrepreneurs.

2,697 views ・ 2022-07-18

Business English with Christina


Please double-click on the English subtitles below to play the video.

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- When you're an entrepreneur, you have to pay taxes,
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that's life, but sometimes you also have to travel.
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And if you're wondering how you can maybe travel more
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and pay less taxes, well,
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this lesson is all about business English
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for talking about tax deductions and travel.
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Hi, I'm your English coach, Christina,
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and welcome to Business English with Christina,
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where you become better at business and better at English,
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and, real quick, if you're an entrepreneur
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and you're trying to improve your English
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and you wanna build up those good habits,
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go over and get my English Habits Starter Kit
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to help you do that.
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The link is down below.
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Now, before we get into this lesson, a little disclaimer,
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a little warning.
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With my team, when we were trying to decide subjects
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for summer videos, we wanted to have a little fun with it.
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So this video, yes, it is about business English
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to talk about tax deductions and travel,
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but it is not business advice or tax advice,
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and we're not encouraging you to try to cheat on your taxes,
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none of that.
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It's really meant to be just a funny light video
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to introduce some very useful business English expressions.
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If you need tax help, or you're really wondering
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what you can deduct from your taxes,
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please check your local laws, talk with your accountant.
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I am not here to give you tax advice,
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only business English advice.
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Okay, so now that the disclaimer message is there,
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let's get into this lesson.
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You're going to hear a dialogue
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between an entrepreneur and their accountant,
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and listen for the expressions that they use
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to talk about traveling and tax deductions.
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And as always, you can find all of this vocabulary
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and a quiz to help you learn it,
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over on my blog, link down below the video.
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- Yeah, hey, it's Christina.
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Listen, I'm calling because I'm leaving on this trip
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and I was wondering,
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can I deduct this trip as a business expense?
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- Well, it may be possible to deduct your travel expenses,
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like airfare, accommodation, restaurants,
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if you take your business partners
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or your clients out to dinner,
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but is your trip business-related?
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Will it help your business
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or is this more of a personal trip?
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- It's for a yoga and massage retreat in Bali,
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it is kind of connected to my work.
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You know, IT.
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- Is that relevant to your business?
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Do you need yoga and massage to do IT work?
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- Actually, yeah, because we specialize in IT solutions
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for online yoga businesses,
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and after, my business partners and I,
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we get some massage therapy, we'll be much more relaxed
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for our business meetings later this year
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and we'll be more productive,
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and so I think it's definitely relevant.
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- I see.
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It might be easier to deduct the yoga part of the trip,
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but the massage part might be more difficult to deduct,
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you may be mixing personal and business travel.
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So you can deduct a portion of your trip.
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How long will you be there?
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- Three weeks?
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- Does the conference last three weeks?
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- No, but once we're there
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we thought we would do some sightseeing
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and maybe hang out the beach and maybe work remotely.
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Now that you mention it, if I bring my laptop,
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can I just say that I'm working the entire time?
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I can work from anywhere.
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- I'm not sure that's the best idea.
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- Well, I'm so glad I called you,
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you always have the best ideas, Nico.
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And don't worry, I remember what you said before,
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document, document, document.
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That's why you're my accountant, to keep me out of trouble.
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So I'll keep my receipts,
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it was great talking to you as always Nico,
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and I'll let you go because I've got a plane to book.
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- Wait,
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hello,
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hello?
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- Okay, did you catch those business English expressions,
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at least maybe some of them?
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And did you think that that entrepreneur
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was making the right decision
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to try to deduct all of those travel expenses?
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No matter what your answer to that question is,
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you've got a quiz to help you learn
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all of those expressions over on my blog.
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So be sure to go over there and get it.
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Start with this video, but don't stop there,
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continue learning, be active in your learning
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and go check out that quiz.
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And, if you don't use it, you lose it.
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So here's how you can use some of the things
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that you learned today.
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Down in the comments, tell me,
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is there a place that you would love to travel for business,
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for a conference or for an event,
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where you could mix business and pleasure.
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Share your dream business destination with me
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down in the comments and let's have a little fun.
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If this lesson was helpful for you,
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and if you liked the fun, funny tone,
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I hope it was funny, I tried to be funny.
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Anyway, if you enjoyed it, let me know
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and give me a thumbs up on YouTube
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and subscribe to my channel
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so that I can continue
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making business English lessons for you.
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Like I said, go over to my website
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and check out the quiz that goes with this video lesson,
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and get the Habits Kit to build good habits
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for improving your English.
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Watch this next lesson,
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it's more businessy, about how to go from scared, to super,
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on business English calls.
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And, of course, thank you so much
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for watching Business English with Christina.
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I will see you next time, but next week,
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and for the next couple of weeks,
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something a little different.
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We're going to share with you some longer lessons
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that are the best of our lessons from the past year or two,
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some compilations, because a lot of the members on the team
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will be on well deserved summer vacation,
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so we're preparing everything in advance for you
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so that you can continue learning
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and reviewing your English with us
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during the summer months, if you would like.
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But if you just want to disconnect,
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go relax on the beach or go climb some mountains,
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or just not do anything productive, let's say,
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and enjoy doing nothing, please do that.
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All right, guys, have a good one and I'll see you soon.
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