Why is that? Do all business have to do this? If not can anyone tell me about it? And how much they donate?
2007-01-04 18:28:37 · 6 answers · asked by elyse 1 in Business & Finance ➔ Small Business
like if it is for tax write offs what does that mean?
2007-01-04 18:35:33 · update #1
like if it is for tax write offs what does that mean?
2007-01-04 18:35:36 · update #2
PR
2007-01-04 18:31:43 · answer #1 · answered by guru 2 · 0⤊ 0⤋
Not all businesses do this, but i did it on many occassions as i would like to see some of my profits help the needy.Not all donations are tax deductable, so be sure you check with your accountant before donating.
I still do this as an ordinary working guy as it is claimed back at tax time and its nice to receive a nice tax return.
2007-01-05 03:11:09 · answer #2 · answered by Ron~N 5 · 1⤊ 0⤋
you do not have to donate anything. Its an image thing to show that they are doing some good with their profits. In actual fact you save taxes by donating.
2007-01-05 04:08:12 · answer #3 · answered by veraf 1 · 1⤊ 0⤋
you should really have the advice of a professional business tax person to determine how much.
Donations to local causes can build good will and serve as a form of positive advertising.
And if for no other reason, giving to worthy causes is a morally good thing to do.
2007-01-05 02:33:56 · answer #4 · answered by San Diego Art Nut 6 · 0⤊ 0⤋
they dont have to but they get tax write offs when they do
2007-01-05 02:30:47 · answer #5 · answered by jokerswild 4 · 1⤊ 0⤋
They don't have to but it's a great way to give back to your local community and society.
2007-01-05 05:15:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋