News

GO-Biz Offering $70M to California Businesses

The initial round of applications for the California Competes Tax Credit (CCTC) during fiscal year 2018-2019 will open on July 30th, 2018 with more than $70 million in tax credits available.  The CCTC rewards businesses that hire full-time employees and invest in real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.) property

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GO-Biz to Award $55M+ to California Businesses

The final round of applications for the California Competes Tax Credit (CCTC) during fiscal year 2017-2018 begins on 3/5/18 (M) with more than $55 million in tax credits available.  The CCTC rewards businesses that hire full-time employees and invest in real (land, leases, leasehold improvements, etc.) and personal (vehicles, equipment, electronic devices, software, IP, etc.) property during the next

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Future of California Tax Credits in Proposed 2018-2019 Budget

The Governor’s proposed 2018-2019 budget includes an extension of the California Competes Tax Credit (CCTC) program with $180 million to be awarded annually for another 5 years and an additional $20 million annually to assist small businesses.  It appears the New Employment Credit (NEC) will also continue with $50 million available annually to encourage businesses to hire individuals with

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GO-Biz Offering $100M to California Businesses

The second round of applications for the California Competes Tax Credit (CCTC) in fiscal year 2017-2018 is now open through 1/22 (M) @ 11:59 PM (PST).  The Governor’s Office of Business and Economic Development (GO-Biz) is offering $100M of CCTC this round for businesses that hire full-time employees and invest in real and personal property over the next 5

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GO-Biz Awards $70M to California Businesses

The California Competes Tax Credit (CCTC) Committee met yesterday and approved agreements to award $69,575,082 to California businesses.  The list of awardees is posted here.  The remaining application rounds for FY 2017-18 are: January 2, 2018 through January 22, 2018 ($100M) March 5, 2018 through March, 26, 2018 ($55.4M + any remaining unallocated amounts) The LAO recently issued a

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Hiring Our Heroes

Employers may want to consider the Work Opportunity Tax Credit (WOTC) for new hires as we honor our veterans today.  WOTC is a federal income tax credit available to employers that hire individuals from targeted groups that have traditionally faced barriers to employment.  The Veterans Opportunity to Work to Hire Heroes Act of 2011 (“VOW

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Manufacturing Day 2017

Recognizing all of our manufacturing clients on Manufacturing Day 2017!  If you are a manufacturer or trusted advisor to a manufacturer, why have you not already claimed the R&D Tax Credit?  #MFGDay17

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2017 Federal and California Business Tax Credits Update

Tax credits offer tremendous opportunities to reduce or eliminate federal and state tax liability, but are misunderstood and underutilized.  This document offers a summary of tax credits and incentives available to business taxpayers in California.  Please call or email us for a free consultation.

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A PATH to Savings

Provisions of the PATH Act of 2015 related to the R&D Tax Credit and Work Opportunity Tax Credit (WOTC) as well as recent developments in these programs offer taxpayers tremendous savings opportunities.  Please click here for additional information and do not hesitate to contact us for a free consultation.    

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GO-Biz to Award $230.4 Million to California Taxpayers

The Governor’s Office of Business and Economic Development (GO-Biz) will be awarding $230.4 million during fiscal year 2017-18 under the California Competes Tax Credit (CCTC) program.  The CCTC encourages business taxpayers to relocate to California or remain and grow in the state.  Awards are offered for hiring full-time employees and investing in personal and real

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