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Literally every taxable enterprise in the United States is eligible for one or more of the tax benefit services offered by Carrazco & Associates. The Federal Work Opportunity and Welfare to Work Tax Credits are available to all businesses that hire qualifying employees, regardless of geographical location. There are also over 170 federal Empowerment Zones, Enterprise Communities and Renewal Communities throughout the United States, offering a substantial customer base for Carrazco & Associates services. Twelve of these federal zones are located in California.
The most lucrative opportunities, however, are particular to Carrazco & Associates home state of California. In addition to the federal tax incentive programs mentioned, qualified California businesses are eligible for the California Manufacturers' Investment Credit, Enterprise Zone Hiring Credit, Enterprise Zone Sales and Use Tax Credit, and other state tax benefits.
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Carrazco & Associates is strategically headquartered in Sacramento, California--- Capital City of the state with the most generous tax incentive programs in the nation. California currently has 49 designated economic development areas (EDA's), 39 of which are California Enterprise Zones. Twelve of these zones are located within 3 hours of Carrazco & Associates Sacramento headquarters. Carrazco & Associates also has two southern satellite locations in New Port Beach and San Diego.
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CALIFORNIA STATE TAX INCENTIVES
California offers large tax breaks to companies that do business in specially designated Economic Development Areas (EDAs), such as California Enterprise Zones, Manufacturing Enhancement Areas, and Targeted Tax Areas. Forty-nine of these zones are scattered throughout every region of the state. They are designed to promote employment and the economic health of the communities they embrace. Additionally, California offers significant tax savings to businesses engaged in a wide variety of manufacturing operations regardless of where they are located.
Click Here to learn more about California state tax incentives.
FEDERAL TAX INCENTIVES
Like California, the Federal government also offers valuable tax incentives. For example, businesses can earn substantial tax savings when they hire eligible employees to work in Federal Empowerment Zones, Enterprise Communities, or Renewal Communities. Your business earns similar tax credits when it hires workers who are members of various high unemployment groups. The qualifications for the Federal credits outlined below are similar to those of the California Hiring Credit and many California businesses will qualify for more than one.
Click Here to learn more about federal tax incentives.
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At Carrazco & Associates, it is our sincere belief that tax planning and preparation form a winning combination for our successful individual and business clients. Throughout the year, we monitor tax law changes that will affect you and your business, recommend tax-savings strategies, and serve as your advocate in tax matters.
When it is time to submit a tax return, Carrazco & Associates prepares all required tax forms and documents to assure that you are paying no more taxes than necessary. We also offer Electronic Filing, and will represent you with State and Federal taxing authorities.
Whether you are an individual, corporation, or multi-tiered partnership, our experienced staff can prepare your return and develop tax strategies that maximize the benefits of new tax laws and legislation, resulting in higher refunds and minimized risk.
TAX SERVICES
Year after year, many individuals and businesses fail to take full advantage of all potential tax saving opportunities due to lack of knowledge of current tax law. Carrazco & Associates prefers to take a proactive vs. reactive approach to our tax services. By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities that minimize both your current and future tax liabilities. We provide our individual and business clients with the taxation expertise and knowledge that they deserve throughout the year. Tax services offered include but are not limited to:
- Individual tax planning & return preparation
- Financial planning
- Corporate
- Partnerships
- LLCs / LLPs
- Taxing authority representation
- Tax effects of buying/selling a business

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In addition to the services outlined above, Carrazco & Associates is positioned to offer other general tax-related and management consulting services. Some other areas in which we can assist include:
- Research and Development Tax Credit Analysis
- General State and Local Tax Assistance
- Federal and State Income Franchise Tax Planning
- Nexus Studies
- Apportionment Analysis
- Sales and Use Tax Consulting
- Business Processes and Management Consulting
- Tax Information Management
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Carrazco & Associates - An Accountancy Corporation. 2007 All Rights Reserved
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