HIRE Act Payroll Tax Exemption & Credit Hire
Hiring individuals previously unemployed may qualify employers for a payroll tax exemption as well as a tax credit up to $1,000 provided certain requirements are met.
Employer FICA Tip Credit
Employer may receive a tax credit for employees who report tips as income on W2’s.
Native American Employment Credit
Employers on Indian Reservations may receive up to $4,000 annually for each qualified employee.
EZ Employee Credit
Employees working in the Enterprise Zone may receive up to $525 in credit. Employees should reference Form 3553 when preparing their tax returns.
Targeted Area Contract Preference Act
Businesses bidding on State of California contracts may receive up to 9% preference on bids for performing work in Enterprise Zones or using Enterprise Zone-qualified employees.
HUB Zone certified business are eligible for preference on federal contracts.
Native American Indian Subcontractor Subsidy
Contractors may receive federal subsidies for subcontracting work to Native American-owned businesses.
For more information on expiration dates, zone renewals, new upcoming areas, etc, please contact us at 877.525.4462