Listen to the latest 60 second episode of Integrity Moments with Rick Boxx
Michael desired to cash in on some of his gains in his stock portfolio. But if he did, he knew selling stock would trigger significant tax consequences.
Michael usually makes a significant cash contribution to UBN at year end, so he decided shrewdly to combine the two transactions by gifting stock instead. The result was Michael avoided paying capital gains taxes on his stock, and UBN received a sizable gift helping to change lives and transform workplaces with God’s Word.
In Matthew 10:16, Jesus said, “I am sending you out like sheep among wolves. Therefore be as shrewd as snakes and as innocent as doves.”
We are called to pay our taxes, but if we are shrewd, we can legally minimize taxes while shifting monies to better advance God’s work.
How Unconventional Is Your Business?
Take the Unconventional Business LEADING Assessment, a FREE 10-minute leadership assessment designed to help business leaders determine how they are integrating faith into their vocational calling.
