Posts Tagged ‘hiring tax credits’

Jobs! Jobs! Jobs! – Obama Proposal and Existing State & Federal Hiring Tax Incentives

Saturday, January 30th, 2010

Hiring Credits – $500 to $15,000 Per Employee

Eco/ Green Credits – 10% to 50% of Equipment Costs

President Obama spent a good portion of his State of the Union Speech focused on jobs and the economy.

 Throughout California – and across the U.S. – there are literally thousands of specified “tax zones” which allow employers hiring new employees to claim valuable federal and state hiring credits, as well as other tax and economic incentives.  In addition, certain state and federal programs such as the federal WOTC program and the California new jobs credit, which apply to businesses operating in any jurisdiction with the federal or state boundaries, respectively.


Click here for my latest AICPA hiring credit article, and please rate it at the end of the article:


Obama’s proposed $5,000 per employee hiring credit – up to $500,000 per taxpayer:


 For more information regarding the California general jobs credit and the CA Enterprise Zone Program, please click on the links below:   $3,000 CA Jobs Tax Credit–ez-studies-.html  EZ Hiring & Equipment Credits


 For information regarding the 10% to 50% Federal and State Energy and Pollution Control Credits:

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Obama Jobs Summit – Real Results or More Smoke & Mirrors

Thursday, December 3rd, 2009

With trillion dollar deficits and national unemployment in excess of 10% (before factoring in employees forced into part-time positions and those terminally unemployed), President Obama is under significant pressure to create the jobs he promised during the campaign.

Interestingly the U.S. Chamber of Commerce was not invited to the Summit – even though the Chamber represents over 3,000,000 businesses throughout the U.S.

While various corporate tax incentives, including hiring credits are being considered as part of the Summit, there are already a myriad of federal and state tax incentives which provide annual hiring credits ranging from $500 to $15,000 per “qualified” employee hired.  Many of these programs are Location-Based Incentive Credits (LBICs), requiring the business to be located in specific economically disadvantaged regions (over 8,000).  In addition there are a number of programs which can generate hiring credits regardless of the business location.

Hopefully the Administration will explore and add additional hiring credits.   Congress and the states should also invest funds to improve the marketing and education of the existing federal and state hiring credit programs to make sure employers understand that they can dramatically reduce their labor costs on new hires – as well as some employees hired in prior years.  Read more about these valuable incentives @:


Former Speaker of the House Newt Gingrich held his own “Real” Jobs Summit today to highlight his proposed fixes.


Republican Congressman Boehner’s job creation/ retention letter to the President can be found at:


Hire a Veteran – Give a Job and Get a Tax Refund

Saturday, March 21st, 2009

Our returning troops are coming back to one of the worst employment environments in decades.  After giving so much for our country, we can show our gratitude by providing them a good job.   In addition to "doing the right thing", employers will find a variety of federal and possible state hiring tax credits ranging from $4,500 to $13,000 per veteran hired.

Read more how veterans can use these programs to improve their job prospects and how employers can save tens of thousands of dollars annually:

Download Veteran-Employer Tax Breaks REVISED for 2009 Recovery Act

Download NTCG Tax Credit Card Press Release 11.12.2007

Jobless rate for recent military veterans rises –   Check out our Tax Credit Card