Tom King's Blog – November 2009 Archive (1)

Remember, most golf tournament sponsors pay for their sponsorships out of their advertising rather than their charitable donations budgets. Only a percentage of charitable donations are deductible. All of an advertising purchase is deductible, so it makes more sense to pay for golf sponsorships out of the ad budget. The majority of American businesses operate with a fiscal year that begins in January. It simplifies tax accounting that way. So this time of year, most businesses are working on… Continue