Category Archives: BusinessTax deductions A Thru Z ?

BusinessTaxdeductionsAThroughW.htm

Product donation benefits donors

Tax Incentives for donating obsolete, closeout or liquidation inventory (Source: IRS.gov): Congress provides incentives under the tax laws to encourage donation of inventory to non-profit organizations. These laws provide an incentive to businesses for donating slow-moving items prior to marking down the price. By donating items that today are collecting dust on a warehouse floor or a retail outlet shelf, donors can save the cost of other expenses related to maintaining the inventory, including the cost...

Are we Educational or Interventional we say “YES”

When asked whether we were Educational or Interventional – we said “yes” #wastetocharity At Waste to Charity, we are equally involved in educating the public on current waste issues and we are recyclers too.  We are very involved in PRECYCLING.  ( See the wikipedia description by clicking the link.  We work on a large-scale by helping corporate donors find new uses for unneeded products, parts and ingredients and we serve local charities with items they...

It’s that time of year- get rid of old inventory fast. Clear out that warehouse!

2013 is over for most corporations, and despite the RUSH: Christmas season will be whatever it is, and then on to 2014…. It seems that every year, right after thanksgiving, we are lucky enough to have a LOT of companies looking to clear out their warehouses: they’ll donate the inventory, as the need to clear out the warehouse; oh one more thing: they save on taxes. Since some of the companies are new, I feel...

The Dangers of Shutdown Philanthropy – Opinion – The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

A Famous donation- lots of publicity, but read the fine print… Perhaps that is why the Arnolds made their contribution a loan that must be paid back when the shutdown ends, and Fisher House, too, is expected to be paid back.But their gifts, no matter how well intentioned and generous, send the wrong signal to lawmakers. They also pose dangers to our democracy because they allow wealthy individuals, rather than voters and legislators, to decide...