He may be referring to the practice of being paid for work, then giving it back as a tax-deductible charitable donation.
My understanding is that you can also deduct expenses you incur while working for a non-profit—admittedly not something I can see applying to accounting. There’s also cause marketing, but that’s getting a bit further afield.
“the big four accounting firms often do pro bono work because it can be a tax write-off” doesn’t sound much like “being paid for work, then giving it back as a tax-deductible charitable donation”.
In talking to him, I think he may have just known they do pro bono work and assumed it was because of taxes. Given Vaniver’s comment, this seems pretty likely to me. He did say that the request usually has to originate from inside the company, which is consistent with that comment.
He may be referring to the practice of being paid for work, then giving it back as a tax-deductible charitable donation. My understanding is that you can also deduct expenses you incur while working for a non-profit—admittedly not something I can see applying to accounting. There’s also cause marketing, but that’s getting a bit further afield.
In the one instance of a non-profit getting accounting work done that I know of, the non-profit paid and then received an equal donation. Magic.
This is exactly equivalent to not paying, which is precisely the IRS rationale for why donated services aren’t directly deductible.
“the big four accounting firms often do pro bono work because it can be a tax write-off” doesn’t sound much like “being paid for work, then giving it back as a tax-deductible charitable donation”.
In talking to him, I think he may have just known they do pro bono work and assumed it was because of taxes. Given Vaniver’s comment, this seems pretty likely to me. He did say that the request usually has to originate from inside the company, which is consistent with that comment.
Ah. That would make more sense.