Employer Incentives helps employers in California take advantage of substantial California tax credits in addition to federal tax incentives. California tax credit programs include:
The Enterprise Zone Program
The Enterprise Zone Program targets economically distressed areas throughout California, providing special incentives to encourage business investment and promote the creation of new jobs.
Enterprise Zone companies can earn $37,440 or more in California state tax credits for each qualified employee hired, plus sales tax credits, up-front expensing of certain depreciable property, and up to 100% Net Operating Loss (NOL) carry-forward. Unused California tax credits can be applied to future tax years, stretching out the benefit of the initial investment.
New Jobs Credit
Small businesses with 20 or fewer employees may benefit from the New Jobs Credit: a California tax credit of up to $3,000 per each additional full-time employee hired. The tax credit is prorated on an annual full-time equivalent basis for employees employed less than a full year. Both full-time hourly employees and salaried employees may be eligible for this California tax credit.
Contact Employer Incentives to find out more about how these California tax credits can benefit your company!
Take advantage of your California tax credits:
Call Employer Incentives at (888) 236-7339.