Have you heard of Enterprise Zones? If your business is located in "the Zone" (in Orange County, Zone areas include Anaheim and Santa Ana) you may receive a state tax credit of up to $37,440 per qualified employee. However, you may be running out of time to claim your share of this valuable credit. There are some proposed changes that could affect California Enterprise Zones. The state has proposed new, more restrictive regulation regarding the Enterprise Zone … [Read more...]
The Anaheim Enterprize Zone is Here!
January 24, 2012
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 Santa Ana. If you think your business is located in an enterprise zone, give us a call at … [Read more...]
Start 2012 Off by Reducing Your California Tax Liability With Enterprise Zone Credits
January 11, 2012
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 years by using these credits. EZ Credits work best if the business is a sole proprietor or in a pass thru entity like an S Corporation, … [Read more...]
Ed Lieber speaks at the Santa Ana Enterprise Zone Workshop
May 12, 2009
On June 24, 2009, the City of Santa Ana hosted their 14th annual Enterprise Zone workshop at the Embassy Suites in Santa Ana. Our very own Ed Lieber was invited to co-present with Ray White, Economic Development Specialist II, of the City’s Economic Development Department. ELLS is invited every year to co-present with the City and we always enjoy working with them to educate local businesses on the benefits of taking Enterprise Zone tax credits. The presentation was … [Read more...]
