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How much of a business income should be for fundraising purposes.
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[QUOTE="mmrahmantitu, post: 261490, member: 86161"] There is no set threshold of what constitutes “business income” that can be used to fundraise. However, if the amount you are fundraising from is from a business you operate or from any other income, you should ensure that the donors fully understand and agree with this. Furthermore, it is essential to consider the tax consequences of using donations to fund your business activities. Donations may be tax-deductible if they are for charitable purposes. However, if donations are used for business activities that are also taxable, such as paying employees or contractors, the tax consequences will likely be even more complex. Always seek advice from an accountant or tax specialist before undertaking any fundraising campaign or changing your business model. This will ensure that all tax and legal issues are properly understood and dealt with. [/QUOTE]
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How much of a business income should be for fundraising purposes.
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