The waiting is over! Anaheim received its Enterprise Zone final designation, with effective start date of February 1, 2012! Yes, enterprise zones are still around in California. What you heard on the news was the elimination of economic development agencies. Enterprise zones have NOT been eliminated! Orange County has two enterprise zones – Anaheim and [...]
If you own a business in certain areas of Santa Ana or Anaheim, California, you should be taking advantage of the California State Enterprise Zone (EZ) Credits. These credits can reduce or eliminate your state income tax liability. ELLS CPAs has seen manufacturing businesses owners save over $1 million in state income taxes over the [...]
A California budget has been passed and Enterprise Zones are still alive and well for 2011! Local Zones include Anaheim, Santa Ana and Long Beach. The EZ Hiring Credit generates over $37,000 in CA tax credits for just one qualifying employee! Call us today to find out if you are in a Zone and how [...]
Beginning January 1, 2011 Federal tax deposit coupons will no longer be accepted for submitting depository taxes by businesses. As of this date all federal payments should be made electronically. The system in which the IRS has set up to receive such payments is Electronic Federal Tax Payment System (EFTPS). The process of enrolling in [...]
Effective January 1, 2011, the state of California will require that all smaller tax exempt organization (those with $25,000 of gross receipts or less) electronically file an annual informational notice with the Franchise Tax Board (FTB). The informational notice is the FTB 199N, Annual Electronic Filing Requirement for Small Tax Exempt Organizations (California e-Postcard). All [...]
By Carol Painter Many of you may, or may not be familiar with the use tax laws. However if you live in California and own any sort of business you had better become familiar with it because the Board of Equalization (BOE) is cracking down on it. What is the use tax? I am glad [...]