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 [...]
Congratulations to the newly appointed Anaheim Enterprise Zone. Anaheim joins 42 other cities in California that also are home to these incentivized areas for businesses. Businesses in Anaheim can look forward to hiring tax credits, sales or use tax credits, increased expense deduction, net operating loss carry forward and net interest deduction for lenders. ELLS [...]
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 [...]
By Jeff Boxx The American Recovery and Reinvestment Act of 2009 (ARRA) included several provisions to help simulate the economy. One of these provisions changed the tax credits allowed for energy efficient changes to your home. These Tax credits have been around for awhile, but this new law has extended the benefits offered for energy [...]