How do charity tax deductions work

A Toronto based community centre has shared an unseen photo of Meghan Markle volunteering with them during her days working on Suits. Prince Harry, 35, and Meghan Markle, 38, selected St. Felix Centre as one of their 12 charities to feature in December in an effort to highlight those helping 'the lonely, hungry and homeless'. And on Saturday the charity posted an unseen picture of the former actress working at the centre with them, revealing that she would bring food from the set of the legal drama - and fed over 100 people at Thanksgiving one year.  The photo sees Meghan standing in the shelter's kitchen with a group of volunteers, wearing a cap, padded jacket  and striped shirt, during her time working as Rachel Zane on Suits - a role she gave up for Prince Harry in 2017. Toronto based community centre St. Felix Centre shared an unseen photo of Meghan Markle volunteering with them during her days working on Suits Sharing the post, they wrote: 'We feel very grateful … [Read more...] about Toronto charity shares unseen photo of Meghan Markle volunteering in their kitchen during her Suits days and reveal she was a ‘regular supporter during her time living in Canada’

Cannabis may be legal in California, but in the eyes of the federal government, a business selling it is just “a giant drug trafficker.” At least that’s what U.S. Tax Court Judge Mark Holmes of Washington, D.C., said in the case of Oakland’s Harborside, one of the country’s oldest and largest dispensaries, as the company tries to figure out how much it should pay in taxes. Nearly two years after legalization in California, cannabis businesses still face costly hurdles because of federal law that criminalizes marijuana possession, use and cultivation. Companies can’t deduct all their business expenses on tax returns, and some can’t use mainstream banks, resorting instead to credit unions or even armored trucks full of cash. Industry reports project the state’s legal cannabis market will grow 19% annually over the next five years. But as state taxes rise and federal barriers remain, experts say higher prices for legal pot could drive buyers … [Read more...] about California pot dispensary fights IRS tax case as costs mount for industry

SINGLE mum-of-four Gemma Hickman works part-time and is studying to become a psychologist because she wants a better life for her four kids. But instead of looking forward to Christmas the 35-year-old is worrying about how she'll afford any presents for her kids due to Universal Credit’s harsh taper rate. Gemma, from Stapleford in Nottingham, is studying at the University of Derby to become a psychologist, as well as working 20 hours a week delivering pizzas. But every month she has £579 deducted from her £1,700 a month benefits payment due to the way Universal Credit works. The government’s hash taper rate means that Brits like Gemma are pay 63p in taxes for every £1 they earn over a certain amount - known as the work allowance. Gemma would love to work longer hours to give her children a better quality of life, but says that the Universal Credit system means she ends up worse off if she puts in more shifts.This means that not only will the kids - Callum, … [Read more...] about Universal Credit loophole means I can’t afford Christmas presents – despite working delivering pizza 20 hours a week

A high school student in Gia Lai Province has set up 15 charity projects to help students from low-income families. Le Van Phuc Le Van Phuc, a 12th grader at Hung Vuong High School, is leading the Fly to Sky Charity Club. Phuc has had outstanding academic achievements. He has been an outstanding student for eleven academic years and won third prize at provincial and national geography competitions. He was also selected to attend the 8th Vietnam Youth Union National Congress. "I have loved geography since I was in 10th grade. I started reading more books about it which helped me a lot during the competitions," he said. "I have never stopped reading books and online. Continuous learning has expanded my vision and I have also visited authors to learn more." Phuc will be admitted to the university after winning third prize in the national geography competition. Phuc said he wanted to continue learning geography at the University of Social Sciences and Humanities - Vietnam National … [Read more...] about High school student devotes to charity works

Julian Pitcairn, 58, had printed out a manual about how to assist potential sexual predators in their offending, as well as an array of indecent images of children, the court heard A charity worker has been spared jail after his wife found a 75-page 'paedophile manual' in their bedroom, a judge has heard. Julian Pitcairn, 58, had printed out a manual about how to assist potential sexual predators in their offending, as well as an array of indecent images of children, the court heard.  The search term 'How to trace schoolgirls' was also found on the charity worker's computer, while indecent images included pictures of children aged as young as six years. On his wife Katherine's discovery of the sordid manual in their bedroom, the 58-year-old vehemently denied that it belonged to him, instead claiming that it had been planted by a burglar.      RELATED ARTICLES Previous 1 Next Another day in Wild West London: Shocking moment teen... Europe's most … [Read more...] about Perverted charity volunteer, 58, who was snared when his wife found a 75-page ‘paedophile manual’ hidden in their bedroom is SPARED jail

Shoppers have been urged to boycott Amazon's British business after it paid just £4.2m in tax last year, despite selling goods worth £4.3bn – more than the UK sales of Argos, Dixons or the non-food arm of Marks & Spencer. Margaret Hodge, chair of the public accounts committee, said shoppers should find alternatives to the Seattle-headquartered retailer, after consumer action persuaded coffee chain Starbucks to resume UK tax payments last year. "It is an outrage and Amazon should pay their fair share of tax," said Hodge. "They are making money out of not paying taxes. I no longer use Amazon. We should shop elsewhere. What we demonstrated with Starbucks is the power of the consumer voice." Amazon's most recent charge brings to just over £10m its contribution to the public purse through corporation tax in a decade. Over the last four years, Amazon has generated £23bn in British sales. It made a tax contribution of £3.2m the previous year. Amazon is able … [Read more...] about Amazon UK boycott urged after retailer pays just £4.2m in tax