For many years Milsted Langdon have supported the St. Margaret’s Hospice Santa Dash. A team of accountants from the firm's Yeovil office swap their business-wear for bushy beards and bright red outfits to get involved and raise money for this very worthy cause.

As well as joining in with the other 200 or so Father Christmases, they have been loyal headline sponsors of the event. We asked Gary Salter, Partner at the Yeovil office, why supporting St. Margaret's Hospice is so important to the firm.

Milsted Langdon has always had a strong ethos to give back and support our communities, writes Gary. Corporate social responsibility is high on the agenda - this year, the firm aims to raise £30,000 for charity as it’s our 30th anniversary.

Supporting causes is good for our communities – and good for business.

There are numerous benefits to corporate donations and support to charities and not-for-profit organisations, including:

Boosting employee morale

Charity events allow companies to get involved in their communities and can also lead to a huge boost in employee morale. The Santa Dash is a good example of the team getting together to do something active – and fun! Workplace culture can improve with increased employee involvement and a positive general attitude.

Increased marketing and PR exposure

Philanthropic businesses are especially good at getting their name out there – giving back is always a good news story. It makes sense to support causes that reflect your businesses goals and shows your current and future clients that you really care about your business and your community.

Tax deduction

There can be tax benefits for qualifying charitable donations.

Also, employers can sign up to Payroll Giving - a way of giving money to charity without paying tax on it. It must be paid through PAYE from someone’s wages or pension. Speak to tax and payroll teams for more information about this.

There are many reasons why businesses should consider their CSR activities. Making charitable donations can help change work culture for the better, whilst having a dramatic and positive impact on others.

St. Margaret's Hospice would like to say a big thank you to Milsted Langdon for their support at events like the Santa Dash and throughout the year.

Milsted Langdon is an award-winning Top 100 accountancy firm, with more than 200 staff across offices in Bath, Bristol, London, Taunton and Yeovil. They provide a large range of business solutions, from routine compliance matters to specialist tax advice and planning, corporate finance, business intelligence, insolvency and forensic accounting and mediation services.