Corporations in Los Angeles know that finding an excellent tax preparer can help them take advantage of the many business tax credits that are available. However, it is important to find a Los Angeles expert CPA who stays abreast of Enterprise Zone Tax Credits, and someone who is not only well versed in state tax law but federal tax law, and can offer your appropriate CPA business consulting. Los Angeles companies find that they can substantially reduce the amount of tax they need to pay each year by finding a CPA in Los Angeles that understands the needs of corporations. There are several important features that a Los Angeles expert CPA can bring to your organization, so it pays to do some investigation before deciding on one.

An appropriate business CPA in Los Angeles should:

• Have a thorough understanding of federal and California Hiring Tax Credits

There are several hiring tax credits for which your company may be eligible, which you can discuss with CPA consultants. Los Angeles companies may utilize a Federal credit, which is available through the HIRE Act. This allows for a hiring tax credit of up to $1,000 if you hire an employee who is filling a newly created position or filling a position due to an employee quitting or being let go "for cause," and the employee must be retained for at least a year. Another federal tax credit, known as WOTC California, allows you to take a credit ranging from $2,400 to $4,800 per qualifying employee annually. Your business CPA in Los Angeles should also go over the Enterprise Zone Tax Credits with you as part of their CPA business consulting. Los Angeles employers who operate out of one of forty-two statewide Enterprise Zones may be eligible to receive up to $13,000 in state tax credit annually based on their employee eligibility. Your CPA in Los Angeles will let you know that eligible employees can include qualified disabled veterans, those who have been recently laid off or threatened with lay off, Native Americans and Pacific Islanders, summer youth hires from designated communities, qualifying ex-felons that meet preset conditions, persons who have been recently eligible for or received food stamps, SSI, and temporary assistance for needy families benefits, and others.

This is the type of information that you want to hear about from your CPA consultants. Los Angeles companies should contact a Los Angeles expert CPA who can offer assistance regarding WOTC California and other types of Hiring Tax Credits.