Vertical Advisors

This is one of our quarterly newsletters, which are meant to help keep our clients up to date with various tax and business laws as well as tax planning opportunities.

Please take a moment to scan through the newsletter and contact us if you have any questions. Please click here to view.

As a friendly reminder, the following deadlines are approaching:

September 15th is the due date for individuals to pay the third quarter installment of 2016 tax and it is also the deadline for filing extended 2015 tax returns for calendar-year corporations, partnership and limited liability returns.

October 17th is the filing deadline for extended 2015 individual tax returns.

We appreciate the opportunity to be of service to you.

To Clients and Friends of Vertical Advisors, LLP:

The California Competes Tax Credit is an income tax credit available to businesses that want to come to California or stay and grow in California. Tax credit agreements will be negotiated by Go-Biz and approved by a statutorily created “California Competes Tax Credit committee”. Business owners can apply now on their own at http://www.business.ca.gov/Programs/CaliforniaCompetesTaxCredit.aspx.

Alternatively, if you need assistance in completing the application, contact us for options. The State of California has budgeted specific amounts for specific periods, so once the budget amount is allocated, there is no more money. I have attached a Q&A publication.

Please contact our office if we can be of assistance for the California credit or if you would like us to research credits for other states.

Download PDF here.

Monthly Archives: August 2016

Tax and Business Newsletter – Fall 2016

The California Competes Tax Credit