Charitable Giving: Is It Right For Your Business?

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Charitable Giving Is It Right For Your Business?
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• As the owner of a small business, you may be keen
  to find ways of giving back to your community, or
  helping a charitable organisation with which you
  have a strong personal connection. While
  charitable giving brings with it a whole host of
  advantages (and not just for the recipient) such
  as positive brand endorsement and tax benefits,
  it can also come with a number of challenges if
  not handled properly.
• To help you make a charitable contribution thats
  wise, and which benefits both your business and
  your chosen recipient, here's what you need to
  know

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• What are the benefits of charitable giving for
  small businesses?
• Here are some of the advantages small businesses
  can gain from giving to nonprofits and charitable
  causes
• It helps you better connect with your community
• An excellent PR act, charitable giving is
  particularly beneficial for smaller businesses
  who rely on the involvement of their local
  community, and can demonstrate that you arent
  just in it for the money.

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• While bigger corporations may not be seen in
  quite the same way by their communities, smaller
  businesses tend to be perceived as caring more
  about the people living in their locality, and
  what goes on in it.
• Smaller businesses may not get as significant a
  tax deduction as larger companies when they make
  charitable contributions, but in terms of making
  a positive contribution to the community, its
  absolutely unparalleled.

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• It enables you to build up a network
• Helping you to forge strong alliances with other
  businesses and network with those who you may
  potentially partner with, making a charitable
  donation to a local organisation can be the
  beginning of a business relationship that is both
  long-lasting and impactful.And dont limit your
  giving to a one-off contribution, find out if
  there are other ways you can benefit the
  nonprofit in a more lasting, or frequent way, and
  dont be afraid to ask them for ways in which
  they can publicise the help youve given them,
  too.

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• It has other benefits that may not be as tangible
• Below are some intangible benefits charitable
  giving can bring to a business and its employees
• Improving company culture
• You can help improve the morale of your workforce
  by showing them that your company culture is one
  of compassion and generosity, and that your focus
  is on a broader worldview.

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• Improving your brands image
• Whoever you choose to make a charitable donation
  to (whether it be in the form of money, time or
  resources), your customers (and potential
  customers) will see that you take corporate
  social responsibility seriously, and this will
  help them to trust you, while your brand gets an
  inevitable image-boost.
• In what ways can your small business make
  charitable contributions?
• There are plenty of other ways than monetary that
  a small business can contribute to charitable
  causes, and here are a few ideas

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• By volunteering donating time is a fantastic
  way of helping an organisation that relies on
  manpower, such as homeless shelters and food
  banks
• By sponsoring a sports teamsponsoring a youth
  sports team is a great way to help out in your
  local community. Donate towards the upkeep of the
  pitch, or towards the cost of uniforms, and have
  your business name added to them.
• By launching a charity driveinitiate a
  collection for items needed by your chosen
  charitable cause.

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• By donating onlineuse virtual giving platforms
  to help raise much needed funds.
• While the tax benefits of charitable givaing
  arent as big as they are for larger
  corporations, you still stand to gain a lot from
  it as a small business - although nowhere near as
  much as your chosen charitable cause, which of
  course, is what it should all be about!

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• At Heyer Inc, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax services Miami. If you
  are looking for an individual accountant in
  Miami, heyer inc would be a right option.