The Virginia Enterprise Zone (VEZ) Program provides businesses with exceptional opportunities to invest in property development and rehabilitation while benefiting from state government incentives. Learn more about this program and if you are eligible.
Discover the benefits of being located within a Virginia Enterprise Zone. In this presentation, you will learn who is eligible, what grants are available, and how to apply. Join us Thursday, November 21, 2024 at Noon.
Enterprise Zones (EZs) are a key economic development tool, offering tax and monetary incentives to businesses investing in distressed areas. These benefits typically include tax credits, property tax abatements, and sales tax exemptions, which lower the cost of doing business within the zone. Learn more about the state participation, potential benefits, and eligibility requirements.
Many not-for-profits are in the first year of implementing the new lease accounting standard and may need guidance on where to start. Below-market leases or donated space also give rise to another new accounting update to consider.
Many organizations may not be aware they’re subject to a single audit. It can help to look at similar scenarios to determine compliance requirements when accepting funds greater than $750,000.
Funding received from state or local governments may have originated in the Cares Act and may only be pass-through funding. Thus, the entity may be subject to a single audit requirement. Here is a list of CARES Act- and COVID-19-related programs that could trigger a single audit.
Part of the recovery funding for many not-for-profits has come from grants. While these funds have directly helped not-for-profits keep their doors open, many executives may not realize that some of these funds could trigger a single audit.
Not-for-profit leaders, take a look at the Board of Directors. Who is there? Is it a table (or a Zoom call) of different types of people, with varied backgrounds and different races and cultures?
The Virginia Enterprise Zone Program made a few changes for the 2019 grant year that may benefit Virginia companies IF they are located in an enterprise zone and installed solar panels in 2019.
Nonprofit organizations use solicitation materials, fundraising events, marketing brochures, etc. to influence others to choose to donate to their organization versus a different one. Once a donor decides to make a promise to give or a pledge to a nonprofit organization, many times the form the donor sees may or may not mirror the information in the marketing materials that was used to influence their decision in the first place.
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