It’s an amazing thing when your small business finally turns a profit. It’s such a great, anxiety-relieving milestone to reach. You know what’s even better? When you make enough money to give back and donate. If you’re reading this post, I’m guessing you fit into this category. I love that you made that investment in your community.
Or maybe… You had a great start last year, but your goal for this year is to be able to donate using money from your business. If that’s the case, stay tuned! If you’re going to make a donation, might as well do it in a way that will benefit you come next year.
So now that it’s tax season, it’s time to be a little selfish again, right? I know that if documenting your donations means you can save some tax money, you want to make sure you do it correctly!
It’s important to consider what type of business you have. Your business structure can determine what you can and cannot do as far as...