Hire Your Way to $37,000+ in Tax Credits per Employee

Are you getting the credit you deserve?  For starters, did you know hiring new employees is a direct route to very sizeable tax credits in CA and throughout the country?  If you, like so many over paying citizens didn’t know, California has such a thing as the Enterprise Zone (CAEZ).  The purpose of this tax credit is to stimulate development in economically challenged areas.

I happen to live in the beautiful and somewhat overpriced San Diego, California.  Fortunately for us we have many areas that qualify for this tax perk.  Do you have an office in the downtown area?  If you answered yes, you are in a CAEZ and are eligible for tax credits.  That’s not the only beneficial location as there are many more places throughout the state, but if you haven’t hired a tax consultant it’s likely you are overpaying your taxes.

This tax incentive is not just for businesses, but also individuals.  This same credit helps to promote job placement with a $37,440 per qualified new hire.  The credit is front loaded and $20,000 of it is applied in the first two years of the new hires employment.  If you have missed out on the benefits of living, working or hiring in a CAEZ contact us and mention this blog for a FREE tax analysis to get the tax refund you deserve.  In this case, ignorance is a very expensive route to take.