VTD is one of the leading tax incentive CPA firms in California and is ranked as one of the largest CPA firms headquartered in California. VTD’s staff has performed tax incentive studies for over fifteen years, and we’ve developed a reputation for thoroughness in assisting clients in documenting federal and state benefits. Once the applicable credits have been quantified, we have the expertise to help you maximize the utilization of the credits at both the entity and equity-holder levels. We have developed a number of techniques to maximize refunds and future credit utilization for both state and federal credits.
If you are entitled to any federal tax credits, VTD can assist you in identifying the credits and help you achieve their greatest use to increase your profitability. Some of the credit programs available include: Research and Development, Empowerment Zone, Indian Tribal Lands, Renewal Community, and WOTC/WtW.
Federal credits can be very significant with tax savings in the thousands. VTD tax advisors are experts in identifying and helping clients receive the most benefits from these credit programs at both the operational and equity-holder level. For the past fifteen years, we’ve been a leader in tax incentive work in California, and we’re certain we can assist your company by performing a thorough analysis to determine your company’s eligibility for these valuable programs. For more information regarding your company’s particular situation, please give one of our offices a call.
California recognizes 42 Enterprise Zones throughout the state. These zones offer a variety of tax incentives and credits to businesses located within them. San Bernardino, San Francisco, Los Angeles, Sacramento, Long Beach and Santa Ana are just a few of the cities that offer Enterprise Zone credits and incentives.
If your business is located within an Enterprise Zone certain hiring, sales, and use tax credits are available to your organization. The hiring credit provides a credit of over $37,000 for wages paid to certain employees. Sales and use tax credits are available for designated purchases such as manufacturing and processing machinery and office equipment including computers, printers, and faxes. Businesses often do not take advantage of these credits due to the complexity of laws governing Enterprise Zones and the excessive administrative burden documenting them.
With over fifteen years of experience performing tax incentive studies, VTD is a leading tax incentive CPA firm in California. We have developed a highly regarded reputation for quantifying and documenting our clients’ eligibility for these credits, and we have the expertise to maximize their use so as to increase our clients’ profitability. For more information on how we can assist you with a California tax credit study, please give one of our offices a call.