Tax Credits & Incentives (TCI)

In tough times, every penny counts. In order to stay ahead of the game, it is critical to take advantage of federal, state, local tax credits and incentives. Our TCI Team consists of experienced tax professionals and tax credit consultants who are committed to help you minimize your tax liability.

• Enterprise Zone
• Targeted tax area
• Domestic production deduction
• Research & development credit
• Energy-related tax credit
• First time homebuyer credit
• Cash for Clunkers
• Tax credit for individuals

Enterprise Zone Benefits

• Hiring tax credit – currently up to $37,440 for each qualifying employee!
• Sales & use tax credit
• Business expense deduction
• Net operating loss carryover
• Net interest deduction for lenders

How it works....

CA Enterprise Zone Hiring Tax Credit Example:

An employee hired 1/1/09 works 2080 hrs/yr. Wages paid at a rate over 150% of minimum wage would generate the following credit amounts over the 5-year period:

Year of	Hours	150%	Credit	Tax
Employment	Worked	Min. Wage	Rate	Credit
1	2,080	12.00	50%	$ 12,480
2	2,080	12.00	40%	$   9,984
3	2,080	12.00	30%	$   7,488
4	2,080	12.00	20%	$   4,992
5	2,080	12.00	10%	$   2,496
	Total 5-year Credit			$ 37,440