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Tax Credit Consulting: Minority Business Rocky Mount NC

Federal and State Governments have a long history of using tax credits to advance social programs that are deemed to be in the public interest. Today, two areas that are getting much attention are the Green or environmental movement and minority business ownership.

Liberty Tax Service
(866) 871-1040
1356 Raleigh Rd
Rocky Mount, NC

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Liberty Tax Service
(866) 871-1040
309 N Fairview Rd
Rocky Mount, NC

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Jackson Hewitt
(252) 985-5878
222-A Fairview Rd.
Rocky Mount, NC

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Jackson Hewitt
(252) 237-5152
401 Lillian Rd
Wilson, NC

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Mrs. Mary T. Moose (RFC®), CSA, RFP
(704) 857-4924
603 N. Main St
China Grove, NC
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Victory Wealth Management, Inc.
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Years of Experience: 13
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IARFC, FPA
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Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Fo

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H&R Block
(252) 451-1729
1561 BENVENUE RD
ROCKY MOUNT, NC

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H&R Block Inside Hunter Hill Shopping Center
(252) 443-9233
1457 HUNTER HILL RD
ROCKY MOUNT, NC

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1ST CHOICE T & P SERVICES(TAX & PROPERTY)
(252) 907-4456
BLACKSTREET
TARBORO, NC
 
Liberty Tax Service
(866) 871-1040
2115 Forest Hills Rd W
Wilson, NC

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Mr. Richard L. Pugh (RFC®), CFP, MBA
(910) 455-6400
824 Gum Branch Rd., Suite I
Jacksonville, NC
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Pugh & Associates Inc.
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Education: MA Business Administration
Years of Experience: 16
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IARFC
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Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Asset Protection, BuySell, Compensation Plans

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Tax Credit Consulting: Minority Business

Tax Credit for Minority Business

Other one of the controversial tax credits out there is the tax credit for minority business. Tax credits for minority business come in a variety of forms from both the Federal and many State Governments.

Federal and State Governments have a long history of using tax credits to advance social programs that are deemed to be in the public interest. Today, two areas that are getting much attention are the Green or environmental movement and minority business ownership. The idea behind minority business tax credits is that minorities suffer unfair disadvantages in starting and operating business and doing so would help bring a more equal country.  The tax credit for minority business can be from the Federal or State Government and applies to either Federal or State taxes.

From the Federal Government, the New Market Tax Credit program has been expanded to include investments in minority business. This program, known as the NMTC, awards a credit spread over seven years that amounts to roughly 39% of the investment made in a qualified entity. The new minority provision opens up millions of dollars of investments for use in businesses run by minorities including women.

Many States have passed a tax credit for minority business also. The provisions and limitations of these credits vary from State to State. Many of them resemble the New Market Tax credit and give tax credits against State income tax to investments that are used to support minority building projects or encourage minority business ownership. As with the Federal programs, minority business can include a business owned by a female in some cases. The tax payer must examine the terms and conditions of the individual State programs if their State is one that offers a tax credit for minority business.

A tax credit for minority business is one of the more controversial tax credits in the eyes of some critics of the policy of using tax credits to address social issues...

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