Small businesses are known for their philanthropic gestures. In fact, surveys suggest that 75 percent of small firms donate to charities each year, averaging a contribution of six percent of their profits. Women-owned businesses tend to donate an average of 10 percent of profits, and those with the highest revenues are, not surprisingly, the most generous. (Source)
Contributing to a worthwhile cause has many benefits beyond the act of goodwill itself. It gives local business owners an opportunity to embed themselves in the community and network with other donors. And, of course, there are tax deduction benefits.
To read the full, original article click on this link: Understanding the Charitable Giving Tax Deduction – What Can Your Small Business Write Off? | SBA.gov
