Principal, McGowan & Associates, CPAs
Stephen M. McGowan
Principal, McGowan & Associates, CPAs
Stephen McGowan is a certified public accountant with over 20 years in tax planning and consulting for small to mid-sized businesses.
Investments / Wealth Building
Is Buying a Boat, a Vacation Home, or a Plane Ticket Business Deductible — or Are You Just Hoping Nobody Looks Too Closely?Can a boat, a vacation home, or a plane ticket really be a legitimate business deduction — or is it just wishful thinking with a receipt attached? Robert Kiyosaki and Stephen M. McGowan insist deductions demand strict, provable business purpose, while Kimberly Ellison-Taylor argues lifestyle expenses can cross into legitimate territory when they genuinely serve networking or client relationships.