Can A For Profit Business Take A Tax Deduction For Sales Discounts To A Non Profit? How Would You Book That?

admin — Thu, 17 Dec 2009 16:48:42 +0000

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?

admin — Sat, 05 Dec 2009 10:53:29 +0000

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 entry fees. This could also involved traveling to different parts of the countries to understand how different regions work.
What expenses can I deduct? membership fees? tourney fees? travel fees?

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Can A For Profit Business Take A Tax Deduction For Sales Discounts To A Non Profit? How Would You Book That?

Im In The Golf Website Business Offering Online Tee-time. What Can I Include As Tax Deduction?