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Coachella Valley Enterprise Zone Q&A

Coachella Valley Enterprise ZoneQ: What type of companies can take advantage of the Coachella Valley Enterprise Zone tax credits?

A: The Coachella Valley Enterprise Zone tax credits are obtainable to any business operating within the Coachella Valley Enterprise Zone. Coachella Valley Enterprise Zone Tax credits can be used to offset California State Income tax both corporately and on an individual shareholder(s) return.

Q: What type of employee qualifies for the Coachella Valley Enterprise Zone Hiring Tax Credit?

A: Any employee can qualify for the hiring tax credit regardless of salary or skill level. This is a common misconception about the Coachella Valley Enterprise Zone program. Employees of a business located in the Coachella Valley Enterprise Zone can qualify for the hiring credit in 1 of 13 different ways.

Q: Do my Employees have to live in the Coachella Valley Enterprise Zone in order for me to receive the tax credit?

A: No! Employees do not have to live in the Coachella Valley Enterprise Zone in order to qualify for the hiring credit. They can qualify in 1 of 13 different and unique ways. However, if an employee does live within the boundaries of any of the Targeted Employment areas of California that would qualify them for he hiring credit portion of the Coachella Valley Enterprise Zone program.

Q: Does the Coachella Valley Enterprise Zone tax credit ever expire?

A: No! In fact they continue to carry forward until exhausted and generate interest! Additionally, you can use Coachella Valley Enterprise Zone tax credits to recover any state income tax paid within the last 4 years plus interest! If the company in question is a C-Corp, corporate tax can be recovered and offset. However, if the company is an S-Corp or LLC etc. credits generated from Coachella Valley Enterprise Zone business activity can be used to offset personal and/or shareholder state income tax.

Q: I don't have the time or the expertise to research and claim the Coachella Valley Enterprise Zone credits myself. Can someone help me?

A: Yes! Coachella Valley Enterprise Zone consultants such as CLC Tax Credits can assist you with this type of work. Most business owners want to take full advantage of these lucrative tax credits, but can get frustrated and discourage when trying to keep up with various Coachella Valley Enterprise Zone rules and regulations. CLC Tax Credits can perform this work for Coachella Valley Enterprise Zone based businesses. We handle every step of the process so businesses are left to focus on what they do best.

Q: How much does a Coachella Valley Enterprise Zone consultant cost?

A: CLC Tax Credits is a contingency service that delivers cash in hand. We don't get paid unless (and/or until) our clients get their tax refunds!

 

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To help our clients realize their full Enterprise Zone benefit potential as efficiently as possible.

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