We’ve recently opted in to the Stripe Climate Contributions, and donate 1% of transactions, however, I’m unsure how we handle this within QuickFile, from the feed, we get the usual:
Invoice Payment: #XXXXXX (Stripe ID: ch_abcdefghij123456789)
but now also have a “Climate contribution”, how do we account for this within QuickFile?
Thank you in advance for any help or guidance you’re able to provide.
I found this which may help.
- Is my contribution tax deductible?
- You may be able to deduct it as a business expense in the same manner as a typical Stripe fee. Your contribution isn’t currently processed through a non profit organization.
Speak to a tax advisor about your specific situation.
So whether it’s tax deductible, I’m not sure. That would be the key part I guess
Taken from here: Climate Commitments FAQ | Stripe Documentation
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