4 ms·
companies donate money to stuff all the time what are you on about?
by keeganpoppen 6y ago
companies donate money to stuff all the time what are you on about?
- andi999 6y agoSo I read up a little. To tax deduct the nonprofit must have registered as 501(c)(3). Is this the case here?
- sokoloff 6y agoI can pay you to put my company name on your business website or a physical banner at a trade show and account for this as a business expense (deduct it) without you being a non-profit. I have broad latitude to make business expenditures in a manner that I believe is profit-seeking or optimizing for my business. People do this with Google and Facebook all the time. We call them ads. Not every ad campaign has a positive RoI.