Business Sponsorship Tax Deductible?

by Christina
(SD )

Our church is holding a concert and wants to ask businesses to sponsor the concert. Would the business' contribution be tax deductible? For example if the business donates $300 we will print the name of the business on the concert tickets. The tickets would then be free.

Comments for Business Sponsorship Tax Deductible?

Average Rating starstarstarstarstar

Click here to add your own comments

May 01, 2015
Business sponsorship tax deductible?
by: Lewis in NC

The church should give the business a receipt and not worry about tax deductibility. All business expenses are tax deductible because all business expenses reduce net income for the year.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Contributions Q&A.

Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!