Episode 100
Charitable Contributions Explained [E100]
This week on Business by the Numbers, Hunt explores the complexities of charitable contributions in tax season:
• Understanding Charitable Contributions: The critical differences between cash and non-cash donations, and their respective impacts on tax returns.
• Navigating Deductions: Learn about what qualifies as a deductible charity, including the specifics of GoFundMe contributions and the importance of fair market value in non-cash donations.
• Business Donation Myths Debunked: Uncover common misconceptions about business-related donations, from vehicle repairs to furniture and equipment, and how to accurately claim these on taxes.
• Tax Season Strategies: Gain valuable insights into the proper documentation and reporting strategies for maximizing your deductions and staying compliant.
• Expert Advice and Resources: Benefit from expert advice and learn how our partners contribute to making informed financial decisions.
Thanks to our partners, NAPA TRACS and Promotive
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Paar Melis and Associates – Accountants Specializing in Automotive Repair
Visit us Online: www.paarmelis.com
Email Hunt: podcast@paarmelis.com
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