Advice, Preparation . . . Results™

Give and You Shall Receive…Tax Credits

Great news for corporate donors: the cap on the 2014-2015 Florida Tax Credit Scholarship Program’s (FTC) tax credits will increase to $357,812,500.

The FTC scholarship program uses donations to allow parents to educate their elementary and high school children as they see fit, enabling them to select a pre-approved private school if they’re dissatisfied with their neighborhood public school.

The program is funded mostly by corporate donors, who may apply for a credit against corporate taxes for any monetary contributions made. After the initial donation, the law provides corporations with a dollar-for-dollar credit for their voluntary contributions to nonprofit scholarship funding organizations, such as Step Up for Students. The tax credit can be used to offset certain taxes, including sales and use tax, corporate income tax, severance tax, and insurance tax.

The FTC scholarship program tax credit cap increase is good news for both philanthropic companies and the scholarship recipients.

Patrick & Robinson CPAs assists individuals, as well as nonprofit and for profit organizations with their tax, accounting, and business advisory needs.  If we can help you, contact us at or 904-396-5400.

« »

What Our Clients Are Saying

My primary reason for doing business with Tim is the feeling of trust I’ve always had.  
Kimberly Ashley, Kim Smith Writes

Frequently Asked Questions


Do I really need to pay a CPA to prepare my financial statements? Couldn’t I save money doing it myself?


You could…but how valuable is your time? What could you be doing to build your business with that time? Could you earn more than what a CPA would cost? Also,...



4029 Atlantic Boulevard, Jacksonville, Florida 32207
6000-A Sawgrass Village Circle, Suite 1, Ponte Vedra Beach, Florida 32082


Copyright © 2019 Patrick & Raines CPAs, LLC.
All rights reserved. Privacy Policy | Terms of Use