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| hasuhana[at]gmail.com wrote: - quote - > Let me first preface this question with a statement of fact:
Yes, and along with the pertinent payroll tax burden.> I know little to nothing about corporate tax law or > practices, I am not a tax professional nor am I studying to > become one, and so I apologize in advance if the answers to > my questions are so obvious as to be absurd to those far > more knowledgeable about such matters then myself. Thank you > in advance. > I have recently taken it upon myself to create a proposal > for a Employee Volunteer Program (EVP) for the corporation > with whom I'm employed. Idealy the program would work in > such a manner as to provide an X amount of paid time off to > volunteer with qualified charitable organization and > non-profits for working an X amount of regular hours. With > such a system in place would my company then be able to > deduct the cost of the paid volunteer hours as a charitable > contribution? However, when separating these costs, do not also include them in Wages and taxes on those lines. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| Let me first preface this question with a statement of fact: I know little to nothing about corporate tax law or practices, I am not a tax professional nor am I studying to become one, and so I apologize in advance if the answers to my questions are so obvious as to be absurd to those far more knowledgeable about such matters then myself. Thank you in advance. I have recently taken it upon myself to create a proposal for a Employee Volunteer Program (EVP) for the corporation with whom I'm employed. Idealy the program would work in such a manner as to provide an X amount of paid time off to volunteer with qualified charitable organization and non-profits for working an X amount of regular hours. With such a system in place would my company then be able to deduct the cost of the paid volunteer hours as a charitable contribution? Thanks again! << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| charitable, corporate, deductions |
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