Relocating Your Business | Enterprise Zone Tax Benefits :: Real Estate for Santa Clarita Daily Update
One of the many reasons to relocate to Santa Clarita exists for business owners. There are multiple cities in California that are Enterprise Zones where business owners can take advantage of tax benefits to save themselves money. If you are an existing business owner here in Santa Clarita and you are not aware of the advantages you could receive from this program you should immediately contact your CPA to see how it may help you.
More Santa Clarita Valley companies could benefit from the Enterprise Zone tax credit program if they make themselves aware of it, or work with their CPAs to claim the credits, said Laura Biery, administrative analyst with the city of Santa Clarita’s Economic Development division.
Tax credits for hiring employees who qualify can offset the payroll costs for hiring employees, said Tim DiTomaso, keynote speaker and president of DiTomaso Incentive at Thursday’s Enterprise Zone lunch seminar.
Nearly three dozen people from local companies attended the educational seminar, which was sponsored by the city of Santa Clarita, Los Angeles County and the Santa Clarita Valley Economic Development Corporation, .
The SCV Enterprise Zone program has already saved more than 336 local businesses more than $189 million through hiring tax credits and other incentives, according to city officials.
These break have already saved business owners millions of dollars and is just one of the many reason why relocating to Santa Clarita is a win-win. Aside from the benefits of the business owner it stimulates our local economy and helps keep us as one of the lowest unemployed cities in Los Angeles County as well as California as a whole.
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