| The flagging economy has hit local cities very | | | | individuals could be an excellent addition to your |
| hard. There are sharply rising unemployment | | | | enterprise zone company, and they may also |
| numbers as companies cut back on labor due to | | | | qualify you for enterprise zone hiring tax credit. |
| reduced product demands. In the state of | | | | Work opportunity tax credits, also known as |
| California, the state has recognized forty-two | | | | wotc california, may also be available when you |
| enterprise zones. These zones are in | | | | hire military personnel. There are tax credits for |
| economically challenged areas. The state of | | | | hiring veterans available through the state of |
| California wants to bring businesses back to these | | | | California, especially for disabled veterans and |
| struggling areas, and in order to do this the state | | | | those who have been eligible to receive food |
| offers work opportunity tax credits for | | | | stamps. Veterans often have a hard time finding |
| companies located within any one of the | | | | employment when they retire from active military |
| enterprise zones. | | | | service, so if you can offer them employment |
| What are work opportunity tax credits? | | | | the state will reward you with work opportunity |
| As offered by the state of California, work | | | | tax credits. |
| opportunity tax credits are hiring tax credits. In | | | | Wotc California will also apply when your company |
| order to encourage businesses in enterprise zones | | | | hires from groups that are often |
| to hire individuals that often are at a disadvantage | | | | underemployed. This would include Native |
| when looking for work, an enterprise zone hiring | | | | Americans, Pacific Islanders, disconnected youth |
| tax credit of up to $13,000 per qualifying | | | | as well as summer youth hires and qualifying |
| employee may be available to your business. | | | | ex-felons meeting preset conditions. |
| Employees at the time of hire will need to fall into | | | | It is important to remember that these are annual |
| one of a list of categories of eligible employees in | | | | wotc California tax credits, so they can accrue to |
| order for your company to qualify for this hiring | | | | a substantial amount as the years go by and you |
| tax credit. People who have been unemployed | | | | provide employment to your employees. The |
| or have received assistance in the form of food | | | | hiring tax credit not only helps your business, but |
| stamps and others would be eligible. With big | | | | also helps the local economy of a distressed area |
| cuts to financial services jobs in California, high | | | | to grow. For reliable information about the |
| unemployment rates in certain areas have been a | | | | enterprise zone hiring tax credit, contact a |
| dramatic side effect. These highly trained | | | | knowledgeable certified public accountant. |