Tax Credit Session-Harris, Harvey, Neal & Co and Halifax County Chamber of Commerce
Harris, Harvey, Neal & Co., LLP and the Halifax County Chamber of Commerce cordially invite you to join us as we present a series of programs to benefit area businesses and non-profit organizations. Admission is free and we look forward to seeing you!
Each program will take place at the Southern Virginia Higher Education Center in South Boston from 8:15 a.m. to 9:15 a.m. We’ll have coffee and light refreshments, provide you with helpful and timely information, and get you to work at a reasonable time.
Session I – Thursday, August 2, 2018 (8:15 a.m. – 9:15 a.m.)
Virginia Neighborhood Assistance Tax Credits and Virginia Education Improvement Tax Credits This session is one that should be attended by anyone associated directly with an area non-profit organization or that provides support as a board/committee member or as a donor!
These two tax credit programs can be powerful fund raising tools while at the same time drastically reducing the amount of out-of-pocket costs incurred by donors. Donors contributing to qualifying pre-approved non-profit organizations will receive their full charitable contribution donation deductions, AND will receive an ADDITIONAL 65% of the value of their contribution in the form of a Virginia state income tax credit (dollar for dollar offset against Virginia corporate/individual income tax).
This program will be presented from both the donor and non-profit organization perspective including:
How do the programs work and what types of non-profit organizations can qualify?
What types of donations qualify and how do the tax credits get awarded?
Qualifying donations typically made by businesses (cash and various non-cash opportunities; including those being made by “pass-through” entities like LLCs/S-corps where credits “flow out” to owners)
Qualifying donations made by/as individuals (cash and marketable securities)
Suggestions for using these tax credits as savings opportunities for donors, and as strategic planning tools for non-profit organizations.
Tax Credit Session-Harris, Harvey, Ne...
Date and Time
Thursday Sep 13, 2018 8:15 AM - 9:15 AM EDT
Thursday, September 13, 2018 8:15 a.m. to 9:15 a.m.
Location
Halifax County Chamber of Commerce
Conference Room SVHEF 820 Bruce Street, South Boston