Our “busy season” Anniversary congratulations go to Doris Zhu of our Professional Staff who celebrated her 6th year with us on March 1st. Gaby Cervantes of our Admin Team rang up #3 on March 5th, and Shareholder Maria Arriola proudly struts out her 26th year on the ELLS team as of April 9th. Shareholders Greg [...]
Shareholder Ed Lieber was invited to Community Bank in Anaheim to give a presentation on the ways businesses can benefit from participation in an Enterprise Zone. Joining Ed, in the photo above, are Alex Arjonilla, VP Business Center Manager, Dave Malone, President, CEO of Community Bank, Debbie Santoro, VP Senior Relationship Manager, ELLS Shareholder Ron [...]
In February 2010, the Santa Ana Enterprise Zone (EZ) expanded its boundaries to include many new businesses. If you were not located in the EZ, but have a Santa Ana street address, it’s very possible you may now be eligible for the substantial tax saving incentives of the EZ. If you would like to know [...]
The Hiring Incentives to Restore Employment Act (“HIRE Act”) offers an exemption from Social Security payroll taxes for every new qualified employee. The maximum value of the credit is equal to 6.2% of wages up to $106,800. There is also an additional $1,000 income tax credit for every new employee retained for 52 weeks who [...]
California has taken a different approach to stimulating jobs. In February 2009, the Legislature approved $400 million in state income tax credits to small businesses with 20 employees or less that increased their full-time workforce in 2009. The tax credit is worth up to $3,000 for each new full-time worker, pro-rated for the worker’s length [...]
The year 2012 will see the floor on medical expenses deduction raised from 7.5% of adjusted gross income (AGI) to 10% except for individuals age 65 and older (and their spouses) which will remain at 7.5% through 2016. Beginning January 1, 2013, higher taxes for married couples with income above $250,000, and $200,000 for single [...]
Depending on your circumstances, the newly enacted health reform legislation, formally known as the Patient Protection and Affordable Care Act, can either be a bitter pill to swallow or the new miracle drug. Many of the provisions are phased in over the next five years and may face legal challenges by both individuals and State [...]