It sounds like some kind of science fiction movie, doesn’t it? In fact, it’s a significant tax break for our local business owners. The inside secret is that the Business Advisory Group of Santa Clarita has their own expert on this outstanding opportunity.
Jon Collard brings the word experience to help you save some big bucks.
From what I understand Enterprise Zone companies may be eligible for:
1. Sales and Use Tax Credits – for certain machinery (data processing, communications, motion picture. manufacturing) and equipment (individuals may be able to claim up to $1,000,000 and corporations as much as $20,000,000) per year on qualified purchases.
2. Unused Tax Credits – may be applied to future tax years.
3. Enterprise Zone companies can earn preference points on state contracts.
4. Hiring Tax Credits – of $31,605 or more for each qualified employee hired.
5. Business Expense Deductions – of up front expensing of certain depreciable property.
6. Net Operating Loss Carryovers – up to 100 percent of the NOL carried forward for 15 years.
7. Lender Credits – lenders to zone business may receive a new interest deduction.
Just to name a few. Now, I’m no expert but Jon Collard is, and he’s offering a New-Hire Packet that streamlines the process. Don’t let your staff get caught up in the EZ paperwork, if you know what I mean.
Collard says, “Every benefit must be calculated and applied to your return. You’ll want proper representation with the Franchise Tax Board and the highest level of technical expertise you can get.
These services should not be an additional cost and should be included in a full-service package offered on a contingency basis. Collard’s firm even pays the state vouchering fees without passing the cost on to his clients. When you meet Collard, you’ll know he’s a man on a mission. Feel free to get more information by calling Collard direct at 661-317-8946 or the Business Advisory Group of Santa Clarita at 661-287-3938 and visit their website at www.SCVBusinessAdvisoryGroup.com .
For more information or questions call Tim Collard direct at 661-259-1644, visit www.capitalconsultants.org or drop him an email at tjshaner@capitalconsultants.org .