Tag Archives: donations

Small Business: Tax Breaks for Charitable Giving

bigstock-Coins-in-glass-money-jar-with--86673002Tax breaks for charitable giving aren’t limited to individuals, your small business can benefit as well. If you own a small to medium size business and are committed to giving back to the community through charitable giving, here’s what you should know. Continue reading

Scam Alerts: Hurricane Charities and Ransomware

danger aheadWhile The IRS, state tax agencies and numerous people in the tax and accounting industry are working together to warn tax professionals and their clients about phishing scams, they are still all too common. Here’s what you need to know about the two most recent scams: fake charities that take advantage of people’s generosity during times of natural disasters and IRS/FBI-themed ransomware. Continue reading

Tips for Taxpayers about Charity Travel Expenses

Volunteers smiling at camera holding donations boxes in a large warehouseDo you plan to donate your time to charity this year? If travel is part of your charitable giving, for example, driving your personal vehicle to collect donations from local businesses, you may be able to claim these travel expenses on your tax return and lower your tax bill. Here are five tax tips you should know if you travel while giving your services to charity. Continue reading