Eccles Greenwood Financial Planning LLP’s Post

Did you know that sending Christmas Cards is a tax deductible expense? Many companies do not send cards in favour of donating to a charity. Your limited company can pay less Corporation Tax when it gives money to a charity or community amateur sports club (CASC). Deduct the value of the donations from your total business profits before you pay tax. Find more information here on donating to charity. https://lnkd.in/e3VJHJ_f 🎄Do you send cards to your customers? Or do you donate to a charity instead? #ChristmasCards #TaxTips #CharityDonations #SmallBusinessAdvice #TaxDeduction #BusinessExpenses

Did you know that sending Christmas Cards is a tax deductible expense? Many companies do not send cards in favour of donating to a charity. Your limited company can pay less Corporation Tax when it gives money to a charity or community amateur sports club (CASC). Deduct the value of the donations from your total business profits before you pay tax. Find more information here on donating to charity. https://lnkd.in/gmmyDxD 🎄Do you send cards to your customers? Or do you donate to a charity instead? #ChristmasCards #TaxTips #CharityDonations #SmallBusinessAdvice #TaxDeduction #BusinessExpenses

Have you heard of Prophet League, a new football prediction site? Not only can you be in with a chance to win (whilst gambling safely), but you can also currently support Rainbows Hospice for Children and Young People as their chosen charity. Take a look at the link below for more information, thanks to all at Prophet League for your support! 🌈 ⚽️ #footballpredictions #fundraising #Euros2024

🎗️Corporate claims for charitable donations🎗️ When a limited company makes charitable donations specific rules apply. These may include Corporation Tax relief for donations to registered charities or community amateur sports clubs (CASC). However, the rules are different if the company is given something in return for making a donation, such as tickets for an event. You can find out more here https://lnkd.in/exHRm4yp #NationalInsurance #Employers #StayInformed #BusinessUpdates #HMRC #lancashirebusiness #businesshelp #ChorleyAccountant #LancashireBusiness

You can maximize your deductions and increase the amount you give to a charity by donating appreciated stock. Donating appreciated stock avoids capital gain tax and allows you to claim a deduction for the full amount you donated. Creating a charitable giving strategy as a part of your financial plan can help you to optimize your taxes and support the causes and organizations that you are passionate about. Reach out today to learn more. #charitablegiving #wealthmanagement #financialplanning

You can maximize your deductions and increase the amount you give to a charity by donating appreciated stock. Donating appreciated stock avoids capital gain tax and allows you to claim a deduction for the full amount you donated. Creating a charitable giving strategy as a part of your financial plan can help you to optimize your taxes and support the causes and organizations that you are passionate about. Reach out today to learn more. #charitablegiving #wealthmanagement #financialplanning

You've had promoters of what you call NIL collectives. Essentially, an organization would be formed to pool money to pay out NIL deals to athletes. If you were a booster of a particular school and wanted your school to bring in some of the top athletes, the play was to contribute to these pools or collections. Yourself and others would pull the money together, and then that collective would turn around and pay the athletes as an incentive to come to the school. The tax implications of that play were that these collectives were created as nonprofits. So anytime boosters or supporters would contribute to these collectives, they were treated as charitable contributions. And as a result, they'd be able to deduct those contributions they made to the collective on their taxes. #NILCollectives #Boosters #TopAthletes #PooledFunds #IncentivePayments #Nonprofits #CharitableContributions #TaxDeductions #NILDeals #AmateurAthletics #blackcpa #africanamericancpa #businessmanager #virtualcfo #taxbrackets #blackbusinessmanager #fractionalcfo #cpa #africanamericancpa #africanamericancfo #africanamericanaccountant #blackaccountant #blackownedcpafirm #blackownedaccountingfirm #nameimageandlikeness #nil

💞Thinking of giving back this year? Why sell appreciated stock when you could donate it? If you’ve held onto stocks for over a year, donating them to a tax-qualified charity could allow you to deduct the fair market value on your taxes and may help the charity avoid capital gains tax. This option could potentially make a bigger impact than a cash donation! Check out the following article to learn more and remember to consult with a trusted advisor. #charitablegiving #taxplanning https://lnkd.in/gj7eTsRg

Christmas is a popular time to give to charity - but did you know you might be able to claim tax relief on your donations? Charities can also receive more money if you donate via Gift Aid which means they can reclaim the tax on your donation. For higher and additional rate taxpayers donating to a charity under Gift Aid, you can claim back the difference between the tax you’ve paid on the donation and what the charity got back when you fill in your Self Assessment tax return. If you need any advice on tax relief or Self Assessment, get in touch with our team. #selfassessment #charity #giftaid #ashleys #ashleysaccountant #Hitchin #hertsbusiness #smallbusiness #accountant #charteredaccountant

In the UK, if you’re a business, did you know that when you donate to charity, you could get a little something back from the taxman? When your business makes donations to qualifying charities or Community Amateur Sports Clubs (CASCs), you can often claim tax relief on those donations. That means some of the tax you paid on those donations could come back to you. Also, don’t forget about Gift Aid. When your business donates through Gift Aid, charities can claim an extra 25p for every pound you donate, making your contribution even more impactful. There are some rules and conditions you need to know about, so it's wise to have a chat with your accountant or tax advisor to make sure you’re getting the most out of your donations. #CharityDonations #TaxAdvice #SmithNewmans