| reply to jester121
Re: No, no tax write off You are correct. There is no "tax write-off" for donating to charity in this case. Just another case of morons feeding off of other morons ignorance.
Whether the business gives the money to charity or credits the customer, it makes no difference for tax purposes. This is accounting 101. |
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cacoPremium
join:2005-03-10
Whittier, AK | Are you saying that this company is not going to take a deduction on their tax return for giving to the United Way?
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»www.seabee.navy.mil |
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 SteveI know your IP addressConsultant
join:2001-03-10
Yorba Linda, CA
kudos:5 | said by caco:Are you saying that this company is not going to take a deduction on their tax return for giving to the United Way? Yes, but it's a wash: it has the same effect on their bottom line - a reduction of income - as if they had sent that money to their customers as a credit.
They will enjoy far lower administrative costs (one check for $10k vs lots of little credits through their billing system), but I think that the main beneficiary here is the good PR vibe they get in many quarters.
Steve
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Stephen J. Friedl | Unix Wizard | Microsoft Security MVP | Orange County, California USA | my web site |
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cacoPremium
join:2005-03-10
Whittier, AK | Good PR? They are screwing the customer of a credit on their account for an outage. Not sure how that is good PR. Good PR would have been giving the customer the option to either a credit on their account or a donation to a charity on their behalf. |
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SteveI know your IP addressConsultant
join:2001-03-10
Yorba Linda, CA
kudos:5 | *In some quarters* - they're making a donation to charity, and those who don't really care to dig into the details might think favorably of them.
DSL Reports readers are not even remotely typical users. |
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