How Business Owners Can Make Charitable Contributions Count Toward Tax Write-Offs In 2020

Business Development Manager at Karla Dennis & Associates INC, overseeing the Sales Department in North America. Follow me @karltondennis

Business owners make mistakes all the time. For the everyday entrepreneur, mistakes are just lessons to be learned. My client, a successful CEO named Marco, was just 24 years old when he learned that if you are going to make a big contribution to charity and expect to receive a tax write-off, before you go buying a large presentation check, make sure to do some tax planning. Marco had written a $2,000 check to his favorite local nonprofit and had planned a whole scene for how he was going to deliver the gift. He remembered to write a real check to the charity; however, he forgot to inform his tax advisor before writing the check in his business name.

As a business owner, you may be thinking of additional

Read More