Making an Impact: Donate a Portion of Profits & Save on Taxes

In this video, we'll answer the question: can you deduct a portion of your profits donated to charity?

Charity is important, and it's great to do your part to help out. However, is it possible to deduct a portion of your profits donated to charity? In this video, we'll discuss the rules surrounding this matter and help you decide if it's something you should consider doing.

Timestamps
00:00 Welcome & Call for Tax Questions
00:48 Can I deduct my charitable donations...
01:04 As an individual?
01:28 As an LLC or Partnership?
02:14 As a C Corp?
02:37 Closing

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About us. Kimberly Ferguson is the face behind Emerald Expectations Accounting. She has a Bachelors Degree in Business Management, a Masters Degree in Accountancy, and is an Enrolled Agent with the IRS. She is also a Certified CFO through the CFO Project.

Founded on the principles of Integrity, Respect and Excellent Customer Care, Kimberly started her company because she hated the way she saw her clients being treated while working at another accounting firm. She wanted to serve small business owners in a way that actually made a difference in their lives.

-- DISCLAIMER – Kimberly Ferguson, Emerald Expectations Accounting LLC and related parties do NOT provide tax, legal, or accounting advice. This content has been prepared for information purposes ONLY and is not intended to provide and should not be relied on for tax, legal, or accounting advice. Viewing this video does NOT create an accountant-client relationship with Kimberly Ferguson or Emerald Expectations Accounting. You should consult your own tax, legal, and accounting advisors for professional advice.

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