Daycare Child's House Burnt Down....

[mimi]

Tragic and you are so kind to think of this familys needs.

I know other businesses give to charity and/or donate items to the community. From a business point of view, after deciding what your business can afford, could you write off the fee you "donate" to this family? Does anyone know?

[Inspired by Reggio]

...I know other businesses give to charity and/or donate items to the community. From a business point of view, after deciding what your business can afford, could you write off the fee you "donate" to this family? Does anyone know?

I am not sure how exactly it would work in our industry if there would be a way to 'donate' our services and write it off as an expense ... if you are not getting 'income' for it than there is nothing to 'claim' on your income taxes so to speak ... but I would think you could still write off any food and other expenses associated with the service that you have receipts for and just not claim the income since you 'donated' the service?

My understanding is that order to be an actual 'tax deduction' on your personal taxes the charity has to be a registered not for profit organization and they would give you a 'receipt' for tax purposes with their charitable registration number?