Charitable giving is a powerful way for small businesses to give back and help make a meaningful difference in communities. While the potential for tax deductions often serves as a compelling incentive for businesses to engage in philanthropy, this article discusses...
donations
In the Wake of Hurricane Harvey, IRS Cautions Against Fraudulent Charity Scams
When a disaster affects our nation, watching the American people support, encourage and rally around one another is an amazing and heartwarming sight. While many people reveal the more wholesome side of America, many others view disasters as a time to take advantage of those affected. In the aftermath of Hurricane Harvey (and now […]
Understanding Charitable Contributions
Thanksgiving is right around the corner, and with 2016 winding down, it’s also time to start thinking about reducing next spring’s tax bill. I’m sure you’ve heard the famous line “it’s better to give than to receive.” Well, when it comes to tax minimization, giving is almost always better than receiving. Donating to qualified charities […]