Is There a California Tax Credit For Which You Are Eligible?
In the United States current gloomy economy, companies are looking at a variety of ways to improve their bottom lines.
If you own a business in California, you will be happy to discover that there are a variety of California tax incentives for which your company may be eligible.
At the state level, California offers California tax credit if your company is doing business inside any of the forty-two California enterprise zones that are located statewide.
You can earn corporate tax credits based on the employees that your company hires,as well as corporate tax incentives when you purchase business assets when your business is located within one of the state's enterprise zones.
Enterprise zones are designated as such if they meet certain criteria; the most important one is that they are located in an economically challenged area.
If your business creates jobs for people in the enterprise zone, and if those workers are veterans or people receiving public assistance, then your company is rewarded for that effort with a California tax credit of up to $13,000 per employee each year.
There are similar corporate tax incentives available from the Federal government as well.
Offering additional corporate tax credits ranging from $2,400 to $8,400 per employee, they offer California businesses a great savings on their taxes because they are having a beneficial impact on their local communities by providing jobs to under served groups of people.
Another way that California businesses located within an enterprise zone can get some much needed California tax credit is when they purchase certain types of company assets.
If you buy manufacturing or processing equipment, equipment used for research and development, as well as energy conservation equipment or water or air pollution equipment, your company may be eligible for California tax incentives of up to ten percent of the purchase cost.
If your California enterprise zone company uses a fleet of vehicles in its daily operations of getting work done, you may be eligible for another California tax credit in this regard.
Because California wants to cut down on greenhouse gas emissions from vehicles, the state offers California tax incentives when your company purchases vehicles that are hybrid or diesel cars that run on natural or liquid nitrogen gas, gasoline, hydrogen, ethanol or electric motors.
Many California businesses are located within the enterprise zones, but unfortunately very few take advantage of these California tax incentives.
That is a shame, because these corporate tax credits can make a big difference in keeping your company solvent.
If you own a business in California, you will be happy to discover that there are a variety of California tax incentives for which your company may be eligible.
At the state level, California offers California tax credit if your company is doing business inside any of the forty-two California enterprise zones that are located statewide.
You can earn corporate tax credits based on the employees that your company hires,as well as corporate tax incentives when you purchase business assets when your business is located within one of the state's enterprise zones.
Enterprise zones are designated as such if they meet certain criteria; the most important one is that they are located in an economically challenged area.
If your business creates jobs for people in the enterprise zone, and if those workers are veterans or people receiving public assistance, then your company is rewarded for that effort with a California tax credit of up to $13,000 per employee each year.
There are similar corporate tax incentives available from the Federal government as well.
Offering additional corporate tax credits ranging from $2,400 to $8,400 per employee, they offer California businesses a great savings on their taxes because they are having a beneficial impact on their local communities by providing jobs to under served groups of people.
Another way that California businesses located within an enterprise zone can get some much needed California tax credit is when they purchase certain types of company assets.
If you buy manufacturing or processing equipment, equipment used for research and development, as well as energy conservation equipment or water or air pollution equipment, your company may be eligible for California tax incentives of up to ten percent of the purchase cost.
If your California enterprise zone company uses a fleet of vehicles in its daily operations of getting work done, you may be eligible for another California tax credit in this regard.
Because California wants to cut down on greenhouse gas emissions from vehicles, the state offers California tax incentives when your company purchases vehicles that are hybrid or diesel cars that run on natural or liquid nitrogen gas, gasoline, hydrogen, ethanol or electric motors.
Many California businesses are located within the enterprise zones, but unfortunately very few take advantage of these California tax incentives.
That is a shame, because these corporate tax credits can make a big difference in keeping your company solvent.
