SMALL BUSINESS CHARITABLE GIVING AND TAX DEDUCTIONS: COMPLETE GUIDE

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Hey People,

Given the nature of my business, I do not make the same profits every year. I used to claim my tax deductions for the donations made to charities in the same year. Sometimes it would mean that I lost some amount because the deduction didn’t fit in the fiscal year. It was then that my bookkeeper pointed it out so I started spreading my claim over the period of five years, so that I could get the entire deduction on my donations. It has been helping me save money and understand where and how much I want to donate. Here is an article that will help you get all the info about the procedures. 

https://www.agibookkeeping.com.au/small-business-charitable-giving-and-tax-deductions/



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