Hi everyone, I hope you had a good day. It’s getting cold outside, winter is almost here. Have you ever wanted to help others when times are tough? If you have a business, doing some volunteer or charity work can help out everyone. You could have tax write off donations, charity, & volunteer work to your business. Tax breaks are how a home business survives. You have to do as much as you can, to rack up those brownie points with the IRS. Whats better than helping out the needy when times are tough? It really can make you feel good doing charitable work.
Volunteers are always needed at the food banks during the holiday season. Lots of local organizations need voluneers this time of year. If if you can only help out seasonal, it will really make a big difference for the community where you live. I do seasonal volunteer work around Thanksgiving and Christmas. There are people out there going through tough times that nobody seems to care about. Yes there are some people with alcohol or drug problems. But really, a majority of the people that need your help are regular people at a tough time in their life. They are straight up working people that may have been layed off or had a similar incident. Some have mental or physical disabilities that their monthly checks don’t pay for everything they need. There are lots or reasons that someone may need help. You can save your community tons of money by doing volunteer work. Contact your local city hall or food bank to find out how you can help. There may be an organization that you already know of and want to help. Give back to your community, go help them. They need you to help make a difference.
You can give donations to charitable causes. I try and give money to local animal shelters. They can’t keep animals there if they can’t pay for them. If they have money and resources to take care of the animals, they won’t have to put them down. I have saved lives by donating to animal shelters. It’s a tax write off to donate money. Another words, your giving away money to a cause that needs it, and you get that money back when tax time comes. How can you lose? If you have the money, don’t be greedy, share the wealth to those who need it. It’s best to do research on the charities you donate to. It’s awful, but there are some scam artists who pose as charities. Do some research, find out who you would like to help. Then donate some money. You are only helping everyone, for free.
Charity sales are another great way to add tax write offs for your business and help out your community. You could have charity sales in your storefront, online store, or ebay business. Give all or a percentage of each sale to a charity of your choice. This is also a great way to draw in customers. I can guarantee, if you have the right charity to work for, you could sell a piece of blank paper for a thousand dollars. I actually sold an empty walmart bag on ebay for the SPCA and the bag sold for over $500.00. SPCA needed the money, we had the money to lend. Eight months later I got reimbursed when it was tax time. There are tons of ways you can let charity bring you more sales. Go have some charity sales. Help out your community!
People don’t usually figure to give up their spare time or money to charity. The advantages of giving your money away to charity helps everyone. Your community needs you. If you’re well off and have spare money, give some to places that need it more than you. Don’t be a Scrooge, you are giving a small loan without interest. Whatever money you give out through the year is 100% tax deductible. That means whatever money you give, you will get back. That is why you see famous movie or sports stars giving millions of dollars to charities. Because they will get it back when tax time comes. They are great people for being smart enough to make a difference. Step up to the plate and be smart enough to help your local community. They need your help right now!
Take care everyone. See you tomorrow.
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