Some have the goal to start their own charity. Create their own 501(c)3 or charitable organization. A project that they can control with a board of directors, have fundraisers and events, and maybe even do a little more to impact our society and those in need. I’m writing this article for those ambitious souls that want to start a legitimate non-profit charity.
This is certainly the season for giving and you shouldn’t be shy at
If you volunteer for a charity, you should be aware that your generosity may entitle you to some tax breaks. I personally have found these strategies to be critical in my own personal tax savings plan.
This new program allows states to establish tax-exempt “Achieving a Better Life Experience” (ABLE) accounts, which are tax-free accounts that can be used to save for disability-related expenses.
Consulting with business owners daily who are working hard to build sales and revenue has given me a unique vantage point to catalog ideas and strategies to share with others and oftentimes use myself.
The main purpose of this type of company is to provide a sort of ‘public awareness’ that your company is different and better than others. As such, your company will need to exemplify various practices and policies that show you are more concerned about benefiting the public through social or environmental causes than simply making profit.