Our Company Giving account is designed for those who make donations to charity from a company fund rather than from their personal account. Philanthropy-minded company directors use this approach to benefit from the tax relief towards their company’s corporation tax liability. Download the full brochure.
Standard AAC Benefits:
Unique Benefits to this account type:
See the ‘Account Description and Benefits’ section above.
To sum up, you can make sure to give your charity within the tax year that you want it related to and decide which recipient charity will receive it at a later stage. Sharing the fact that your company makes charitable donations, improves your reputation with both employees, and clients.
It’s your choice – many members combine all their giving into a single account. We have systems in place which check if the funds are coming from a company or personal bank account and allocate it with the appropriate reference.
We have already mentioned the primary benefit of a company account of being able to take money out of the company at short notice but then have the luxury of deciding at a later date how/when to allocate it to specific charities.
Employees of your company could also benefit from our GAYE scheme. GAYE is a much used facility whereby a member’s charitable donation to AAC is paid by their employer directly and before deduction of tax. It means that the total fund for disposal is available much sooner with less complication all round. It is especially beneficial for higher rate tax payers.
As always, we recommend that you discuss these issues with your auditors and financial advisors.