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Tag: Entertainment One

By the year 2020, Dubai could be the leading tourist destination in the world. With newest and latest project being undertaken everyday, its focus is fast shifting to the growth of its tourism industry.

This is just the right time for that. Dubai has already successfully invaded the trading industry in the Middle East, and is now moving forward and shifting its focus on other areas of its economy.

It is taking massive strides in the financial services sector, hospitality, technology, healthcare and of course entertainment. One if the largest and most current projects in Dubai are the Dubailand amusement park. It brings a lot of promise for the Dubai entertainment scene.

Dubailand has high ambitions, the greatest of which is to be the biggest amusement park around the globe. In addition, with a lot of planning and time allotted for the overall completion of this project, the accomplishment of this great feat is not at all impossible.

Dubailand will be featuring six areas, designed to appeal to a diverse group of people and to let the visitors experience the best of Dubailand experience. Each area is called world, each showing a certain facet of Dubailand that you as a visitors will surely love.

The Attractions and Experience World will offer a whole lot of adventures. This Dubai entertainment venue is designed to offer you the ultimate experience, giving you a chance to immerse in different worlds of amusement and satisfy your interests.

The kids will surely love the Giants World, the Space and Science World, Aviation World, and Water Park. If you love the extremes you can go see the Desert World Theme Park and the Snow World. There is a whole lot more to see! We are just getting started :-)

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One thing you can always count on during an audit is a request for documentation supporting meals and entertainment expenses. The IRS has found that these expenses are heavily abused and are an easy way to generate additional tax revenue, not to mention additional revenue from penalties and interest.

You don’t have to spend a lot of time reading tax cases to find one where meals and entertainment expenses were disallowed specifically because of improper documentation.

*Here are a few examples from recent cases:

The taxpayer’s business meal expenses did not satisfy the substantiation requirements because they did not include the taxpayer’s relationship to the parties involved or specify the business purposes of the meals.

The taxpayer’s meals and entertainment deductions were disallowed because the taxpayer couldn’t provide anything to tie the deductions to specific copies of receipts, checks, or other documents. Plus, in the few records the taxpayer did provide, there were duplications and other irregularities in the records making them unreliable altogether.

A spreadsheet listing the numbers the taxpayer put on his return was insufficient to substantiate or use to reconstruct business expenses for meals and entertainment.

This means that even if a meal or entertainment expense is perfectly legitimate, it can be disallowed if the documentation is not proper!

How to Protect Your Meals and Entertainment Expenses:

In my teachings, I dedicate an entire session to Travel, Meals and Entertainment. One of the strategies I share is how to use the IRS rules to make money on your meals and entertainment by turning your current non-deductible expenses into legal tax deductions. One of the key parts to making this strategy work is protecting your meals and entertainment deductions by keeping proper documentation.

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One of the things that tend to stick in cruisers’ minds is the onboard entertainment. Gone are the days of second-rate entertainers and the same old shows. Today, a lot of effort is put in to organising entertainment on cruise ships and the entertainers could well be stars of the future. Who remembers Jane McDonald appearing on the documentary The Cruise? Also, Claire Sweeney, who appeared in Brookside, started off her career singing on cruise ships. You could also be wowed by stars from the present and past – I was pleased to see that Kelly Monteith (the American equivalent of Dave Allen) is going strong and can be seen on some Royal Caribbean cruises.

Inspired by my recent trip to see Royal Caribbean’s Jewel of the Seas, I decided to find out more about the entertainment onboard having heard so much about it. Royal Caribbean prides itself on its entertainment programme. You could be forgiven for thinking you’re actually in the West End rather than in the Coral Theatre onboard Jewel of the Seas. Shows include “From West End to Broadway” featuring musical numbers from Cole Porter to Les Miserable, “City of Dreams” with music from artists such as Elton John and Celine Dion, and “Tango Buenos Aires” starring Argentine dancers and musicians. Shows are put on twice each night to tie in with the two dinner sittings, so you won’t miss out, and are not repeated during the cruise – just the thing for theatre lovers.

As well as being wowed in the Coral Theatre onboard Royal Caribbean’s Jewel of the Seas, you can take part in numerous activities throughout the day, including gaming lessons (perfect for trying to make your fortune in the casino), game shows and piano lessons.

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