Assumption participates in a great program that allows businesses to defer PA state taxes to the school of its choice! Since companies pay state taxes anyway, consider directing those taxes to our school, and help strengthen our local community at the same time!
It is a simple process that includes a one page form. We currently have two companies participating and an accountant has offered to answer any questions, or describe their experience. There is little to no cost and depending on your corporate structure (S-Corp, C-Corp, doctor, lawyer, or Partnership), and it could even increase your profit by a few hundred dollars. The only qualification is that you pay state taxes. Examples of the state taxes include:
Corporate Net Income Tax
* Capital Stock & Franchise Tax
* Bank and Trust Company Shares Tax
* Title Insurance Companies Shares Tax
* Insurance Premiums Tax
* Mutual Thrift Institutions Tax
* Personal Income Tax of S Corp shareholders and Partnership partners in a general or limited partnership
Do you pay any of those taxes?
If so, we are asking you to please participate in the program by filling out the one page application to be an approved company and to defer your taxes to Assumption School. Other churches in the Diocese have received business tax deferrals of up to $300,000 per year to help pay tuition for a Catholic education. There is no catch. Assumption School recently found out about and is now participating in this program and we are excited about the opportunity to strengthen our school and community. We would like to share more information with you and have created this web link and information to help educate businesses about this great program. There are still funds available for the 2008 school year and Companies can still defer the taxes on its fourth quarter tax filing.
Please click on the documents below to find out more about this program and feel free to e-mail us to receive more support.
EITC One-page Enrollment Form: Click Here
EITC Information Packet: Click Here
EITC Business References: Click Here
This form includes the contact info for your accounting questions regarding EITC.
EITC Tax Credit Process Diagram: Click Here
EITC Frequently Asked Questions: Click Here
Please help us strengthen our school and community by participating in the program.
For more information go to www.paschoolchoice.org,
or call Mary Ann Miller, Principal of Assumption School at ( 412) 761-7887.