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ARTICLE: California Competes Credit Gold Rush Redux?
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Calibusinessincentives

NEW CALIFORNIA BUSINESS INCENTIVES

Cost Free
Presentation Length 1.5 hours

Recorded DateOctober 21, 2014
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Series: Taxes
Course Description

In this webinar you will learn about California’s new business incentive landscape, terminating its enterprise zone credit program and enacting new programs. AB93 & SB90 has reshaped the state’s economic development tax programs. Building upon the framework of existing targeted programs, these bills redirect roughly $750 million annually from the current geographically limited Enterprise Zone program to new business incentives.

Learning Objectives

  • California Competes Income Tax Credit - Administered by Governor’s Office of Business and Economic Development (GO-Biz). Understand how businesses will have the opportunity to apply and compete for available tax credits.

  • Manufacturing Equipment Sales & Use Tax Exemption – Understand the new statewide sales tax exemption on all manufacturing equipment and R&D equipment purchases as well as certain tenant improvements.

  • New Employment Income Tax Credit - The hiring credit is for businesses located in census tracts with the 25 percent highest share of both unemployment and poverty in the state. Learn about the details of this tax credit and how best to educate your clients.

  • Employment Training Panel - provides funding to employers to assist in upgrading the skills of their workers through training that leads to good paying, long-term jobs. Understand how your clients could qualify.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Greg Elias

Think, LLP
Partner
gelias@thinkllp.com
(310) 405-0237

Thinkllp

Greg has over 25 years of experience in accounting, tax and business consulting primarily with Deloitte & Touche and KPMG Peat Marwick. As a member of Deloitte & Touche’s national tax consulting group, he was responsible for serving and advising Fortune 500 clients throughout the country focused on income tax planning and merger & acquisition consulting. During his tenure at KPMG, Greg was responsible for assisting both public and private clients with a variety of value-added accounting, tax and business consulting strategies. Prior to Think, LLP, Greg was a Regional Managing Director in charge of the Great Lakes region for a national firm specialized in performing R&D Tax Credit Studies. Greg’s clients included NCR, PPG Industries, H&R Block, Johnson & Johnson, Cisco Systems and many others. Greg is a Certified Public Accountant in the State of California and holds a B.S. in accounting from Indiana University of Pennsylvania. Specialties: R&D Tax Credit Studies, IC-DISC, Federal Interest Recovery, Cost Segregation, State & Local Business Incentives, Property Tax, Sales & Use Tax, Transaction Cost Analysis, Tax Due Diligence

Prashant Sheth

Think, LLP
Managing Director
psheth@thinkllp.com
(714) 640-8664

Thinkllp

Prashant Sheth, MBA, CPA, CGMA, LLB is the National Practice Leader for Think LLP’s Indirect Tax Practice. Prashant Partners with the Indirect Tax Departments of Some of the World’s largest organizations. He consults with his clients in the areas of tax minimization, compliance and audit management, recovery, nexus, technology, taxability matrices, controversy and tax strategy. His expertise and experience lies in the sales/use tax, excise taxes, Canadian GST/PST/HST taxes, Global VAT areas. His consulting is focused on most recent tax law changes and applications. He consults in taxation of digital goods, cloud computing, affiliate nexus concepts, electronic delivery of software and applicability of transaction taxes to traditional methods of doing business in all major US States, Canada and the rest of the world. Prashant’s clients have spanned over a wide range of industry including manufacturing, retail, information technology, construction, utilities and financial services. He is a nationally recognized talent in the indirect tax arena and frequently speaks at professional and trade organizations. Prashant is also regularly quoted in professional publications. Prashant, during his career, has held leadership roles in the indirect tax arena at some of the World’s largest Accounting firms.

About Our Presenter

Thinkllp
Think is a national professional services firm teaming with CPAs and corporate tax departments across the country to perform a number of specialized tax services. Think’s primary focus is delivering high value federal and state tax planning for corporations and their shareholders. The company consists of former “Big-4” national tax practice partners and CPAs and has performed specialty tax consulting services for over 500 small to mid-size companies and over 300 of the Fortune 1000.