Businesses can boost local sports clubs

4th June 2014

A new incentive for Sheffield area businesses to boost the income of amateur sports clubs in their communities was welcomed today.

Stephen Charles, tax partner with Sheffield-based independent chartered accountants and specialist business advisers Hawsons, of Glossop Road, says many such clubs find it difficult to make ends meet but newly introduced tax benefits for businesses could go a long way towards easing their financial difficulties. Through a scheme known as Corporate Gift Aid, companies can now donate money to a club in their locality and obtain a deduction against profits for corporation tax purposes. The only proviso is that the club has to be registered with the CASC (Community Amateur Sports Clubs). Stephen added: -Hopefully, this will bring about a situation whereby more companies will feel able to help local sports clubs financially, which will be of benefit to the community as a whole. For more details, contact Stephen at (tel: 0114 266 7141)

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