TAX CREDITS

Most federal and state tax credits and incentives available to companies go unclaimed due to cost and complexity.  At KS LLP, we partner with our clients to look for opportunities to decrease their operating costs and increased cash flow.  
The most common Federal tax credits available today are:

• Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips

• Credit for Employer-Provided Childcare Facilities and Services

• Credit for Increasing Research Activities

• Credit for Small Employer Pension Plan Startup Costs

• Disabled Access Credit

• Empowerment Zone and Renewal Community Employment Credit

• Foreign tax credit

• Indian Employment Credit

• Low-Income Housing Credit

• New Markets Credit

• Renewable Electricity, Refined Coal, and Indian Coal Production Credit

• Work Opportunity Credit

California allows the following current credits against corporation franchise (income) tax:

• California Competes Tax

• California Motion Picture and Television Production

• College Access Tax

• Disabled Access for Eligible Small Businesses

• Donated Agricultural Products Transportation

• Enhanced Oil Recovery

• Enterprise Zone Hiring

• Enviromental Tax

• Local Agency Military Base Recovery Area Hiring

• Low-Income Housing

• Manufacturing Enhancement Area Hiring

• Natural Heritage Preservation

• New Advanced Strategic Aircraft

• New California Motion Pcitrue and Television Production

• New Donated Fresh Fruits or Vegetables

• New Employment

• Prison Inmate Labor

• Research

• Targeted Tax Area Hiring