| By working with a Long Beach accountant, you | | | | similar groups as for the state tax incentive. For |
| can learn about some amazing ways that your | | | | WOTC California, your corporation may earn |
| California-based business can earn tax credits | | | | anywhere from $2,400 to $4,800 per qualified |
| incentives. Some of the best can be applied if | | | | employee. |
| your company is located in one of California's | | | | Many of these hiring tax credits may be available |
| forty-two Enterprise Zones. These are | | | | to you for previous years as well. If you realize |
| economically challenged areas where there is a | | | | that you could have qualified for them three |
| desperate need for businesses to come and set | | | | years or even more in the past, your accountant |
| up and offer work to people from the area, and | | | | may file an amended return on your company's |
| in order to attract businesses to a Zone, | | | | behalf so that you can claim them. As well, if you |
| Enterprise Zone credits were put into place. In | | | | want to carry over your tax credits so that they |
| addition to a host of state-based Enterprise Zone | | | | are available for your use next tax season, this |
| credits, your company may also qualify for | | | | may also be possible. |
| federal hiring credits as well. | | | | Other Enterprise Zone credits help your |
| Hiring credits are available if you hire employees | | | | corporation save energy. When you purchase |
| from certain targeted groups. These may include | | | | hybrid and diesel-powered vehicles for business |
| disabled veterans with qualifications, those who | | | | use, your company may qualify for tax credits. If |
| have been recently laid off or been threatened | | | | you install energy-saving equipment or |
| with layoff, Native Americans, Pacific Islanders, | | | | pollution-controlling equipment at your place of |
| summer youth hires as well as youth and young | | | | business, you may then be able to claim |
| adults from designated communities, qualifying | | | | Enterprise Zone credits and significant tax |
| ex-felons, people who have recently been on | | | | deductions. Companies located in an Enterprise |
| food stamps, SSI or temporary assistance for | | | | Zone may also qualify for sales and use tax |
| needy families, as well as other qualified youth. | | | | credits of up to ten percent of the purchase cost |
| Each of these qualified employees can earn your | | | | of research and development or manufacturing |
| company that hires them up to $13,000 annually | | | | and processing equipment, as well as energy |
| in Enterprise Zone credits. | | | | conservation or water or air pollution equipment. |
| Other tax credits incentives are available as | | | | You can discuss these and other tax credits |
| federal hiring credits. WOTC California is the name | | | | incentives with your Long Beach accountant, who |
| of the program, and employees qualify based on | | | | can provide more information. |