Tax and Corporate Sponsorship
Tax and Corporate Sponsorship As business owners, we are usually involved with not-for-profits. And their mission is to raise money for their charity. So, they prevail upon businesses that are sympathetic to their cause to raise money by offering sponsorships. However, there is often confusion between sponsorships and donations. Is business sponsorship the same as a donation? No, but you need to understand the tax implications of corporate sponsorship. We are often asked this question and feel it is essential that business...