Yeah. You’re donating to a dedicated account managed by the company and they in turn make a huge donation at the end of the year for maximum tax write off. So you donate and they benefit
Is that on a company by company basis? Because I used to think the same until I saw a receipt from Panda Express that said to hold on to it so you can claim the donation on your taxes. Which would mean Panda can’t claim it on their taxes.
You’re not giving companies a tax break you’re just contributing to their marketing / good will budget. They collect so they ‘can be good cooperate citizens’ and hand someone a giant check and make a press release.
Wait fuck, those donations actually go to the company tax relief?! I would be 😠 if I wasn’t so
Yeah. You’re donating to a dedicated account managed by the company and they in turn make a huge donation at the end of the year for maximum tax write off. So you donate and they benefit
Is that on a company by company basis? Because I used to think the same until I saw a receipt from Panda Express that said to hold on to it so you can claim the donation on your taxes. Which would mean Panda can’t claim it on their taxes.
Usually they can’t do that.
You’re not giving companies a tax break you’re just contributing to their marketing / good will budget. They collect so they ‘can be good cooperate citizens’ and hand someone a giant check and make a press release.