The Tax Foundation‘s 2009 State Business Tax Climate Index has ranked the stat of California number 48 out of 50 states nationally.  At first glance this appears to be extremely negative.  However, the main reason why businesses in California have higher tax rates is mainly due to the fact that they are not taking advantage of the myriad of tax credit options they have available.  Below are some of the credits we can help you receive:

• EMPLOYER HIRING CREDITS
• SALES and USE TAX CREDITS
• BUSINESS EXPENSE DEDUCTION
• NET INTEREST DEDUCTION
• NET OPERATING LOSS CARRYOVER
• DEPARTMENT of WATER and POWER RATE DISCOUNT
• SITE PLAN REVIEW and FEE WAIVER
• SEWER FACILITY CHARGE EXTENDED PAYMENT OPTION
• REDUCED PARKING ORDINANCE
• WORK OPPORTUNITY TAX CREDIT

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This entry was posted on Wednesday, October 8th, 2008 at 3:56 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.