Posts Tagged ‘Veteran Tax Breaks’

HIRE Act and Other Hiring Incentives. California Long-Term Unemployed Doubles. Tax Credit Programs Offer Workers and Employers Solid Incentives For Job Expansion.

Monday, May 31st, 2010

California Long-Term Unemployed doubles to 880,000 over the past year.  Over 40% of the unemployed have been out of work over 27 weeks. 

http://www.sacbee.com/2010/05/30/2786659/nearly-880000-californians-are.html#mi_rss=Top%20Stories

There are also a variety of state and federal tax credits available for employers who hire unemployed workers, including certain recent graduates, veterans and other economically disadvantaged employees:

http://www.accountingweb.com/topic/education-careers/unemployed-can-use-tax-laws-secure-job

Read how to maximize the immediate 6.2% Social Security tax holiday and the $1,000 hiring tax credit for hiring the unemployed. http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2010/CorpTax/HIREAct2010.jsp

For a full library of related articles, log onto: www.blakechristian.com or www.twitter.com/taxcredits_cpa.

California Veterans Get Business Lift From the State

Monday, February 22nd, 2010

California has a very large percentage of military veterans (over 2.1 million) and over 10% suffer from some form of physical or mental disability.  Projections indicate a big spike in these numbers for California in coming years.

The state of California, as well as numerous other states, have a variety of programs to provide a helping hand to these service-disabled Vets.

As discussed in the link below, Los Angeles Times’ business reporter Cyndia Zwahlen provides a summary of the ways California is taking care of these business owners – including striving to allocate at least 3% of the $9 billion of government contract and purchasing commitments to businesses owned by disabled Vets.

http://www.latimes.com/business/la-fi-smallbiz-vets22-2010feb22,0,7826455.story

Also read more about the valuable state and federal tax benefits available for employers of Vets in this 2009 AICPA article.   Veterans receiving food stamps, or those who have been discharged and unemployed during the last year can generate tax credits from $2,400 to $4,800 for a future employer – making Vets an attractive solution for hiring needs.

http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2009/CorpTax/HireVeteran.jsp

Additional hiring credit information is also avaialable at:

www.blakechristian.com