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Looking For A CPA? Long Beach Businesses Can Plan Now To Earn California Tax Incentives by Wayne Hemrick





Article Author Biography
Looking For A CPA? Long Beach Businesses Can Plan Now To Earn California Tax Incentives by
Article Posted: 09/16/2010
Article Views: 61
Articles Written: 1052
Word Count: 429
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Looking For A CPA? Long Beach Businesses Can Plan Now To Earn California Tax Incentives


 
Business
It is never too early to start planning for next year's corporate taxes that your company will owe. If your business is like most California corporations, you will be looking for as many ways as possible to maximize the California tax credit that you can use to bring down your tax bill. This is when finding an experienced corporate tax expert CPA Long Beach is so crucial to your ability to learn about and then leverage those California tax incentives to your benefit. Although there are several incentives available to corporations in California, including the california enterprise zone tax credit and wotc california, many companies do not claim them because they do not know about them. This situation can be alleviated when you find an expert CPA in Long Beach who understands all of the many California tax credit options available to you, and can offer counsel as to how to best apply them to your company.

Both the California enterprise zone tax credit and wotc California include hiring tax credits that companies in California may claim if they meet certain qualifications. If your company is located in one of the state's forty-two enterprise zones, and if you hire certain qualified employees, then you may be able to earn a tax credit of up to $13,000 annually per employee. Your CPA in Long Beach will be able to explain to you in greater detail which of your employees would qualify your company for these tax credits, but in general people that come from certain identified groups will qualify. They typically include workers who were recently laid off from work or were threatened with the possibility of a layoff, Native Americans and Pacific Islanders, disabled veterans meeting certain qualifications, summer youth hires in certain designated communities, ex-felons meeting pre-set conditions, people who have recently been eligible for or received SSI, food stamps or temporary assistance for needy families, or youth between sixteen and twenty-five years old that have not earned a GED or high school diploma more than six months before your company hired them. Your corporate CPA in Long Beach will be able to determine which of your hires would qualify, and how much you could expect in credits as well as how it would affect your tax liability are the specialty areas that a CPA in Long Beach with tax planning expertise will be able to help you assess.

To learn more about these tax credits and to find a CPA in Long Beach with this type of experience, please visit websites online.

Related Articles - CPA Long Beach, california tax credit, california tax incentives, california enterprise zone tax credit, wotc california,

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