Suzanne Spicer FCA’s Post

Did you know that sending Christmas Cards is a tax deductible expense? Many companies do not send cards in favour of donating to a charity. Your limited company can pay less Corporation Tax when it gives money to a charity or community amateur sports club (CASC). Deduct the value of the donations from your total business profits before you pay tax. Find more information here on donating to charity. https://lnkd.in/gmmyDxD 🎄Do you send cards to your customers? Or do you donate to a charity instead? #ChristmasCards #TaxTips #CharityDonations #SmallBusinessAdvice #TaxDeduction #BusinessExpenses

5 Things to Consider when donating to Charity in your Will 1. They're Tax-Free - Gifts to certain charities are not subject to inheritance tax. 2. Reduce your Inheritance Tax - If you donate 10% of your estate you only pay 36% IHT meaning your family could get more too! 3. Add a backup Charity - To save updating your Will, add another charity in case the one you wish to support is no longer around. 4. Make sure to include their ID - Registered Charities have an ID number, make sure you add yours so your money gets to the right place. 5. Get advice - There are great tax planning benefits to donating, professionals can tell you the best structure for donating via a Will. More info 👉 https://lnkd.in/eixQ4TUB 🛡😇 #propertyinvestor #landlorduk #ukproperty #landlordtips

💞Thinking of giving back this year? Why sell appreciated stock when you could donate it? If you’ve held onto stocks for over a year, donating them to a tax-qualified charity could allow you to deduct the fair market value on your taxes and may help the charity avoid capital gains tax. This option could potentially make a bigger impact than a cash donation! Check out the following article to learn more and remember to consult with a trusted advisor. #charitablegiving #taxplanning https://lnkd.in/gj7eTsRg

🙋🏻♂️ Charitable donations can offer significant tax relief for individuals and businesses. Understanding these benefits can encourage more people to support charitable causes while also gaining financial advantages. 🎁 How Does Gift Aid Work? 👉 Gift Aid is a scheme allowing charities to reclaim tax on a donation made by a UK taxpayer, effectively increasing the amount of the donation by 25%. 👉 To make a Gift Aid donation, you must have paid UK Income Tax and/or Capital Gains Tax at least equal to the tax that all the charities and community amateur sports clubs claim on your donations in that tax year. 🧩 For example, if you donate £100, the charity can claim an extra £25, making your donation £125. #taxrelief #charitabledonations #uktaxpayers #giftaid

Are you well connected in your local community or have a business that can help❓ If so, I would really appreciate your support. We have our Alfie's Wish Golf Day on 25th July 2024 and we are urgently seeking donations for raffle prizes to make this event a great success, as this is proving tough only a couple of months after our charity ball. Do you know anyone that can donate a prize? Perhaps a friend runs a business or your local could offer a voucher. Here's some ideas: * Golf-related items: Could you ask your Golf club to donate a round or some merchandise? * Dining Experiences: Vouchers for local restaurants or cafés. * Event Tickets: Concerts, sports events, theatre shows – do you have connections? * Hamper Baskets: Gourmet foods, wines, or spa products, sweets * Hotel Stays: Know any hotel owners? A weekend getaway is a fantastic prize! * Wellness Services: Spa treatments, yoga classes, personal training sessions. * Professional Services: Offer a free consultation or service from your business. * Food and drink vouchers: Gift certificates to local restaurants, cafes, or bars. * Gourmet gift baskets: Assorted chocolates, fine wines, or artisanal cheeses. * Cooking classes: Learn from a local chef or take an online culinary course. * Toys and games: LEGO sets, board games, or action figures. * Experience vouchers: Tickets to amusement parks, zoos, or trampoline parks. * Sports equipment: Bicycles, skateboards, or sports gear. * Tech gadgets: Tablets, gaming consoles, or VR headsets. All donations appreciated and every raffle prize brings us closer to supporting another child battling cancer. Please DM me or email events@alfieswish.org.uk if you can help! Your generosity would be really appreciated. #Charity #Fundraiser #GolfDay #CommunitySupport #ChildrenWithCancer #Donate #RafflePrizes #MakeADifference

In the UK, if you’re a business, did you know that when you donate to charity, you could get a little something back from the taxman? When your business makes donations to qualifying charities or Community Amateur Sports Clubs (CASCs), you can often claim tax relief on those donations. That means some of the tax you paid on those donations could come back to you. Also, don’t forget about Gift Aid. When your business donates through Gift Aid, charities can claim an extra 25p for every pound you donate, making your contribution even more impactful. There are some rules and conditions you need to know about, so it's wise to have a chat with your accountant or tax advisor to make sure you’re getting the most out of your donations. #CharityDonations #TaxAdvice #SmithNewmans

Gift Aid is a scheme that allows charities to claim an extra 25p for every £1 you donate, at no extra cost to you. This is possible because charities can reclaim the basic rate of tax on your donation, provided you are a UK taxpayer. Charitable donations can offer significant tax relief for individuals and businesses. Understanding these benefits can encourage more people to support charitable causes while also gaining financial advantages. 🎁 How Does Gift Aid Work? 👉🏼 Gift Aid is a scheme allowing charities to reclaim tax on a donation made by a UK taxpayer, effectively increasing the amount of the donation by 25%. 👉🏼 To make a Gift Aid donation, you must have paid UK Income Tax and/or Capital Gains Tax at least equal to the tax that all the charities and community amateur sports clubs claim on your donations in that tax year. R F Miller & Co - Serving the community for over 100 years. ☎️ 01229 582149 📧 ulverston@rfmiller.com 🌎 www.rfmiller.com 📍 Offices in Ulverston & Barrow-In-Furness

Have you heard of Prophet League, a new football prediction site? Not only can you be in with a chance to win (whilst gambling safely), but you can also currently support Rainbows Hospice for Children and Young People as their chosen charity. Take a look at the link below for more information, thanks to all at Prophet League for your support! 🌈 ⚽️ #footballpredictions #fundraising #Euros2024

Question for my legal friends: 1. There is a CIC that is representing itself as a charity and not a non-profit. It is not registered under the Charity Commission. 2. It is registered with Companies House in 2021 but its last accounts return is as a dormant company even though it is clearly trading and has been for over a year at least now. 3. The only registered statutory director is the 80 y/o mother of the founder who is actively running the company. 4. It takes donations from businesses and encourages followers to subscribe for £2 a month to help the cause. Is there a legal explanation for this or is it a bit suspect?

🎗️Corporate claims for charitable donations🎗️ When a limited company makes charitable donations specific rules apply. These may include Corporation Tax relief for donations to registered charities or community amateur sports clubs (CASC). However, the rules are different if the company is given something in return for making a donation, such as tickets for an event. You can find out more here https://lnkd.in/exHRm4yp #NationalInsurance #Employers #StayInformed #BusinessUpdates #HMRC #lancashirebusiness #businesshelp #ChorleyAccountant #LancashireBusiness