It seems you cannot open a newspaper or financial magazine without being informed of the ever-increasing unemployment rate in the US, and the State of California unfortunately continues to be a leader in this statistic.  With both the state and Federal Government focusing 100% of their attention on how to curb this negative trend, it seems apparent that now is the time when small to medium sized businesses should be embracing the California Enterprise Zones.

A stimulus package will have only a limited effect on your bottom line, and your company most likely will never have access to a bailout fund, however the California EZ system allows you to take advantage of numerous tax credits that could save thousands or even tens of thousands of dollars per year.  But don’t take my word for it.  Listen to an actual small business owner here in California who has successfully utilized the many benefits of the EZ program with great results.

Daniel Morrow owns a small business in the high-tech sector of the market and had this to say about the importance of the California Enterprise Zones, especially in how they relate to employment.

“I can unequivocally say that certain aspects of the enterprise zone program that we have been able to take advantage of at Opt-Test has allowed us to train and employ more workers.  Let me make this perfectly clear for those academics in the audience – without the Shasta Metro Enterprise Zones there would be more people unemployed or working at much reduced wages here in Shasta County.  We are just one company, but I have spoken with numerous other business owners in the enterprise zone here who share my experience and my sentiment.  The enterprise zone program in California is vital to the continued success of hundreds of businesses throughout the state.”

Tags: bay area, blog, C & I Tax, california tax law, california tax news, canditax, CCC, central valley, certified public accountants, city of compton, compton, corporate savings, CPA, CPA firms, Enterprise Zone Tax Credits, Enterprise Zones, EZ, EZ tax credits, governor, imperial valley, incentives, inland empire, inner-city, los angeles region, northern California, orange county area, policy, qualify, sacramento area, san diego area, santa clarita, steve dotan, tax credits, tax professionals

This entry was posted on Wednesday, February 18th, 2009 at 4:13 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.