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Reply to: Charity Donations

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Previously on "Charity Donations"

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  • thunderlizard
    replied
    "Your accountant will make sure it is free of corporation tax"


    i.e. he'll list it under "expenditure" along with everything else. Clever chaps, accountants.

    Leave a comment:


  • FiveTimes
    replied
    Originally posted by oraclesmith View Post
    It's absolutely normal. Record it as a charity donation in the books. Your accountant will make sure it is free of corporation tax. Make sure you get a receipt/thankyou letter from the charity though, made out to your limited company.
    I made a donation last night for sports relief and the email from them doesn't contain the company name.

    I made the transaction using the company card, so I'll just print off the receipt and hand it over to the accoutant

    Leave a comment:


  • oraclesmith
    replied
    It's absolutely normal. Record it as a charity donation in the books. Your accountant will make sure it is free of corporation tax. Make sure you get a receipt/thankyou letter from the charity though, made out to your limited company.

    Leave a comment:


  • FiveTimes
    started a topic Charity Donations

    Charity Donations

    Is it OK for a Ltd company to make charity donations ?

    If so how best is it to record it ?

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