If you're planning to donate shares of a private business to charity this year, it's important to obtain a formal #businessvaluation. The IRS scrutinizes large charitable #contributions claimed on individual returns, and valuing private businesses can be complicated. Qualified donations can help lower your taxable income as well as support worthwhile causes. But not all donations are deductible. https://lnkd.in/g8gr7NmY
Hutchinson and Bloodgood LLP’s Post
More Relevant Posts
-
Charities often depend on donations, including gifts that are left to them in wills. A charitable legacy not only gives you a chance to support a good cause, but it could be useful for Inheritance Tax purposes too. Discover why you might want to consider including charitable giving in your estate plan here: https://lnkd.in/e3nB8Mni #advicematters #financialplanning #financialplanner #financialadvisor #kendal #southlakes #lakedistrict
To view or add a comment, sign in
-
-
FINANCIAL PLANNER at Advice Matters Financial Planning Ltd - "For the Life you want, with the Money you have"
Charities often depend on donations, including gifts that are left to them in wills. A charitable legacy not only gives you a chance to support a good cause, but it could be useful for Inheritance Tax purposes too. Discover why you might want to consider including charitable giving in your estate plan here: https://lnkd.in/eVFCjKSD #advicematters #financialplanning #financialplanner #financialadvisor #kendal #southlakes #lakedistrict
To view or add a comment, sign in
-
-
Quick tax tip! Remember to keep track of your charitable donations! Donating to registered UK charities can often be tax-deductible, so be sure to keep records of your contributions to potentially reduce your tax bill. It's a win-win for both you and the causes you support! #AccountingServices #FinancialConsulting #TaxHelp #SmallBusinessFinance
To view or add a comment, sign in
-
-
Giving to charities? Don't miss out on tax efficiency! Your generous donations could be more impactful with a tax-smart approach. In our latest episode, we unravel charitable giving strategies that cater specifically to business owners planning to sell their businesses. Stream it now, or download it for later: https://buff.ly/3Rhc1AG #TheFinancialCall #GuidedPath #TaxStrategy #CharitableGiving
To view or add a comment, sign in
-
-
Giving to charities? Don't miss out on tax efficiency! Your generous donations could be more impactful with a tax-smart approach. In our latest episode, we unravel charitable giving strategies that cater specifically to business owners planning to sell their businesses. Stream it now, or download it for later: https://buff.ly/3Rhc1AG #TheFinancialCall #GuidedPath #TaxStrategy #CharitableGiving
To view or add a comment, sign in
-
-
Giving to charities? Don't miss out on tax efficiency! Your generous donations could be more impactful with a tax-smart approach. In our latest episode, we unravel charitable giving strategies that cater specifically to business owners planning to sell their businesses. Stream it now, or download it for later: https://buff.ly/3Rhc1AG #TheFinancialCall #GuidedPath #TaxStrategy #CharitableGiving
To view or add a comment, sign in
-
-
Giving to charities? Don't miss out on tax efficiency! Your generous donations could be more impactful with a tax-smart approach. In our latest episode, we unravel charitable giving strategies that cater specifically to business owners planning to sell their businesses. Stream it now, or download it for later: https://buff.ly/3Rhc1AG #TheFinancialCall #GuidedPath #TaxStrategy #CharitableGiving
To view or add a comment, sign in
-
-
Charitable giving is an excellent way for businesses to help others while taking advantage of additional tax breaks. While large corporations may be responsible for a large portion of the donated funds, small businesses also make a large impact with their contributions. Here are 3 ways small businesses can donate to charities and tips for giving: https://hubs.ly/Q02c9R_T0
To view or add a comment, sign in
-
-
Giving to charities? Don't miss out on tax efficiency! Your generous donations could be more impactful with a tax-smart approach. In our latest episode, we unravel charitable giving strategies that cater specifically to business owners planning to sell their businesses. Stream it now, or download it for later: https://buff.ly/3Rhc1AG #TheFinancialCall #GuidedPath #TaxStrategy #CharitableGiving
To view or add a comment, sign in
-
-
Monetary donations, a prevalent form of charitable contributions, not only facilitate easy giving but also ensure straightforward documentation for tax purposes. Delve into how these contributions can be optimized to aid eligible organizations effectively.
To view or add a comment, sign in