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Junior Varsity
What to concentrate on - improving rig and skills
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<blockquote data-quote="Brian jojade" data-source="post: 34930" data-attributes="member: 211"><p>Re: What to concentrate on - improving rig and skills</p><p></p><p>Charging a fee and donating it back just adds more paperwork for you. It will not offer you any tax benefit. In fact, it could trigger an audit, depending on how often, and what the charity is.</p><p></p><p>That being said, I often do charge and donate back. Why? It's simple. If you give your services away for free, you are treated as such. If you charge full price, you are respected more, plus the large check donation will put you in the pool of large donors. As time goes on, you can continue to charge for your service, but you can reduce the amount of the donation as you see fit. That's way easier than doing it for free for a few years and then telling the organizers you need to start charging for the service...</p></blockquote><p></p>
[QUOTE="Brian jojade, post: 34930, member: 211"] Re: What to concentrate on - improving rig and skills Charging a fee and donating it back just adds more paperwork for you. It will not offer you any tax benefit. In fact, it could trigger an audit, depending on how often, and what the charity is. That being said, I often do charge and donate back. Why? It's simple. If you give your services away for free, you are treated as such. If you charge full price, you are respected more, plus the large check donation will put you in the pool of large donors. As time goes on, you can continue to charge for your service, but you can reduce the amount of the donation as you see fit. That's way easier than doing it for free for a few years and then telling the organizers you need to start charging for the service... [/QUOTE]
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