The Santa Clarita Valley Enterprise Zone will end on Dec. 31, but there is still a chance for business owners to take advantage of hiring credits and tax breaks before the program becomes obsolete.
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The seminar is designed to help local businesses learn how to keep more of what they earn. Discussion topics will include ways to reduce state income tax, how businesses can qualify for tax savings of up to $37,000 per employee and advantages of doing business in the Santa Clarita Valley Enterprise Zone.
The free seminar is open to all local business owners, general managers, HR managers, accountants, in addition to businesses located in the new expansion areas: Valencia Commerce Center, Castaic and East Santa Clarita.
There is still an opportunity take full advantage of the program’s benefits before Dec. 31.
The Enterprise Zone program was originally established in 1984 and provided hiring credits and tax breaks in economically distressed areas of the state to encourage business investment and promote the creation of new jobs.
The City of Santa Clarita was awarded an Enterprise Zone in 2007. Since then, the program has saved the city $280 million in taxes and led to hiring more than 7,000 employees.
The proposal to eliminate the California Enterprise Zone program was passed by the State Senate in June and as a result, the program’s benefits will no longer be available in the Santa Clarita Valley.
For more background on the local Enterprise Zone, click here.
To learn more about the Santa Clarita Valley Enterprise Zone breakfast seminar or to RSVP, call 661-288-4400 or email firstname.lastname@example.org.
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Source: Santa Clarita News