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New Jobs Credit

Saturday, December 03, 2011

The FTB has announced that as of December 3, 2011, $76,008,953 in New Jobs Credits were generated. California has allocated $400 million for this tax credit.

Taxpayers may only claim the credit on an original timely filed return by the last day of the calendar quarter designated by the FTB. A New Jobs Credit of up to $3,000 per additional full-time employee hired is allowed to qualified small businesses with 20 or fewer employees.

At Spidell’s Federal/California Tax Update Seminar we will talk about:

What property tax is deductible
How the new federal Schedule D works
How to treat the sale of gold and silver
What happens if your client is selling stuff on e-Bay
New laws coming this year and old laws going away

Click here to register today.

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Original material in Spidell's California Taxes On-Line is copyrighted and may be reproduced for educational purposes or quoted by crediting Spidell's California Taxes On-Line.

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