If you’re a business owner with a company operating in one of the many California Enterprise Zones, why haven’t you taken advantage of these tax credits?  Most business owners I speak with complain constantly about the high tax rates, however for some reason or another choose not to explore the EZ Tax Credit program.  Jim Zauher reported for Redding.com the following story:

I had one owner tell me that he decided not to take advantage of the enterprise zone because he was told “they” would be coming in and looking at his books. When I asked who “they” were, he couldn’t say.  The reality is that once a business and/or its tax preparer determines that it has qualifying equipment (computers and fax machines qualify as well as processing equipment) or employees, the tax credits are taken as part of the normal tax preparation.  There is no oversight of the process. A voucher is required as back-up documentation for the qualified employee credits.

With the current state of the economy, it is vital to take advantage of every tax credit available, and the California EZ system is one of the best methods of accomplishing this feat.  Contact us directly to discover how much money you could be saving thorugh this program.

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This entry was posted on Friday, February 6th, 2009 at 5:43 am and is filed under Tax News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.