Tax Deductible Ecuador Cruise


Yesterday’s message looked at how Andean products are hot this season and how to save on Ecuador shopping and even make the trip tax deductible.

You could even make part of a Galapagos cruise to Ecuador tax deductible if you are Ecuador shopping for profit.

galapagos cruises

Haugan cruises provide discounts on Galapagos cruises specials (1) to Ecuador Living Club members.

If you are going to Ecuador for a business meeting or to take an export tour your flight, and hotel, can be tax deductible.  When you know the rules, it’s easy to deduct travel to a business meeting, even by cruise ship.  The law provides various ways to deduct cruises.  Let’s examine just one: a trip to Ecuador.

IRS Regulation 1.274-4 gives friendly rules for one-owner businesses that we can use to our benefit.  Here are some of the rules:

1)    The United States means the 50 states and the District of Columbia
2)    Transportation cost to a foreign destination for seven days or less, excluding the day of departure, is not subject to an allocation between business and personal days.

Take for example a trip to Quito for an export tour, with a Galapagos cruise included.  Quito is outside the 50 states; accordingly, it’s a foreign destination. You are subject to the foreign travel rules on your trip to the business meeting or convention in Ecuador.

You fly Miami and then onto to Quito and then onto Galapagos the Galapagos to board a cruise ship that will take a four tour of the Galapagos Islands on the Comarant, November 25 to 28. (1)

Once you arrive back in Quito on day five of your trip, you will:

1)    Check in for a two-night stay at the hotel where the Ecuador export tour is being held
2)    Attend the tour after sleeping at the hotel for the first night
3)    Depart by airplane for Miami on the day at the end of the third day on the tour

Your business tax deductions include the cost of:

1)    Travel to Miami and Galapagos
2)    Cruise ship fare in Galapagos (not to exceed tax law’s luxury boat limits that range in 2014 from a low of $566 to $680 per day, depending on the dates of travel)
3)    Food and lodging in Galapagos
4)    Airfare to Quito and Miami
5 )   Travel from Miami to home

Note that you have no personal, nondeductible expenses for this trip to Ecuador. You have to admit, tax knowledge can be fun!

Adhering the the IRS rules is vital when useing regulations of this sort.  For full details on how to learn and use tax regulation contact our tax consultant Conrad Oertweg at conrad.taxmart@verizon.net

Gary

Galapagos Cruise Specials

Ecuador Export Update

Here is a note from Roberto Ribadeneira about Export Tours to Ecuador.

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When you join the Export Tour from Ecuador, you’ll find that Ecuador is not only a beautiful place to visit, but is a good place to do business.

On this Export Tour, there is a wide range of products in various different towns north of Quito.  Let’s have a quick look at what we do before we show you the schedule.

Upon arriving to Quito (Ecuador’s capital), we will take you to Cotacachi, where we base our tours in search for amazing products.

You will be presented with lots of amazing artisans that create unique products of great quality.  There are hundreds of different items that we will explore and numerous ideas that we will share  with you.

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Most of the craftsman that we introduce to you are people that live in rural areas, that are hardworking and that make their products by hand. This means that the quality is outstanding but also that we have the flexibility to make small orders and/or big orders.

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Schedule

You will arrive at Quito’s airport, which is brand new and also the most important one in Ecuador. Depending on your time of arrival, we either take you to a hotel in downtown Quito (which is about 40 minutes from the airport) or travel from there directly to Cotacachi.

Cotacachi is one hour and thirty minutes north from Quito. The road is also new and there you will see a beautiful landscape surrounded by mountains. Cotacachi is warm during the day, a little cold at night, so bringing sweaters is recommended.

We will spend three full days exploring products and towns around Imbabura’s Province. Most of the towns that we visit are small and full of kind people. Most of the workers that we visit work from home.

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After the three day tour, we will take you back to Quito if you like to stay there, but if you would want to explore other cities, we will take you to the airport in Quito.

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Tour Day 1:  Leave from Quito to Cotacachi at 09:00.

Starts 12:00 in Cotacachi: visit to leather town, what products you can make in leather, suppliers, manufacturers and ideas on what you can make.

Lunch break: 14:00 – 15:00.

16:00:  Go to San Antonio de Ibarra, see the wood products, manufacturers and designs that we can export from Ecuador.
18:00 ending.

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Tour Day 2:  Starts at 10:00 after breakfast at the hotel.

Visit Otavalo for Tagua and Textiles, see manufacturers, get products to make, personal labels, volume, etc.

Meet with supplier for new products to make high-end tagua items, new products of bamboo, baby blankets, baby products, Christmas products. Products made of Alpaca, specific designs.

13:00: Lunch.

14:00: Talk to cargo agency, see packing, costs, how to ship, taxes, etc.

15:00: Visit manufacturer for handmade sweaters, shawls, and other textiles, he can make specific designs for you.

17:00: Create a website, a shopping cart, manage logistic, storage and shipping cost with FedEx or Mail Service.

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Tour Day 3:  Starts at 10:00 after breakfast at the hotel.

Visit Otavalo Market, fair day. See all the products available, purchase items for business, talk to all the vendors, see different products, low cost textiles, low cost jewelry, ponchos, sweaters, shawls, products for under $2 a piece.

12:00:  Tagua, jewelry, what designs you can make, cost of personalized items. Jewelry store for Tagua products, which they create designs for inexpensive jewelry.

13:00:  14:00 lunch.

15:00:  see rugs, alpaca products, honey products, flowers, etc.

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*    We change the schedule depending on what you would like to see. We found out that some people show more interest in certain products so we spend more time showing them those items. We always adjust to what will be most beneficial to you.

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Towns to visit.

Among the towns that we will show you:
Cotacachi
Otavalo
Iluman
San Antonio de Ibarra
Ibarra
Cuicocha
Atuntaqui

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Products to see:
Tagua
Alpaca
Textiles, such as ponchos, sweaters, shirts, table runners, table cloths, etc.
Bamboo
Wood products
Leather, such as duffle bags, purses, jackets, accessories, shoes, etc.
Jewelry at the Otavalo market, such as necklaces, earrings, bracelets, etc.
Art, paintings on different materials and styles, textiles manufactured at Atuntaqui.

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Optional

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If you are also interested in the flower business, we can show you a beautiful rose farm, that takes around 2-3 hours for the tour, so we recommend doing that if you are interested in that area of business. Most farms are in towns about 40 minutes north of Quito, either Cayambe or Tabacundo. It is a great experience, and you will get to see how they grow roses and the fields.

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Extras

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We also encourage people to bring ideas of products that you want to make and things you want to create. There may be purses that you want to design, hand made leather jackets or a certain wood carvings. There are also other ideas to explore like creating ponchos with your own University’s colors or bracelets with school’s colors.  Perhaps you want to engage in corporate products and want to have beautiful leather laptop bags with special logos, or different colors or a unique design.

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You can talk to the manufacturers and get the pricing on items, timing of when they will be ready, and what they can do.

We will also show you how to calculate the pricing, how to do the packing and what better way to ship items from Ecuador to the USA. This way it will be easier for you to know the costs and put the right sales price for your customers.

ecuador export

All the contacts and information for everything that we see and all the manufacturers is yours. This will allow you in the future to contact them directly and work with them if you like. So you
will be able to work with the suppliers on your own if that is what you choose.

There are thousands of ideas that we can explore, and also hundreds of products that we can make. Not only you will find that working with people in Ecuador is a great experience, but also that we are able to create amazing homemade products for every need.

Once you get to see how people work and the help that everyone buying from them brings, you will get a better idea on the progress that exporting from Ecuador brings to this people. You will get beautiful products and in exchange people in Ecuador will work very hard, and also be rewarded with a better quality of life.

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We do hope to get to see you soon on this business adventure.  Roberto

ecuador export

Individual Export Tour for one $799 or a couple $999

Please call me at 1-888-482-3850 or Email me at roberto_ribadeneira@me.com


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