Can My Business Make a Deductible Donation to Charity?

Yes. However, the business owners contributing must itemize their deductions on their tax return to receive a tax benefit for the deduction. This is because charitable contributions are separately stated and passed through to the owners of a sole proprietor, single-member LLC, or pass-through entity such as an S corporation or partnership. Instead of deducting […]

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Dive into “10 Mistakes that Increase Your Risk of a Tax Audit” and discover actionable strategies to enhance your cash flow and elevate your business.