Can A For Profit Business Take A Tax Deduction For Sales Discounts To A Non Profit? How Would You Book That?
Sorta,
You simply recognize less revenue.
So your gross profit = revenue – cost of sales.
And net profit = gross profit – overhead.
You’ve taken a deduction simply by lowering your revenue.
Im In The Golf Website Business Offering Online Tee-time. What Can I Include As Tax Deduction?
Part of the website also is for golf organizations such as clubs to manage their memberships, events and communicate with them through emails. Now for me to understand how this works, i gotta do some research and understand how clubs work. that costs money to join and also to join their tournaments, there’s also [...]