New Hires Come With Discount!

California business that has less than 21 employees could be eligible for a $3,000 tax credit per employee hired during 2009. Some conditions apply:

• It is not necessary for the business to have any activities before 2009
  
• Hourly wage employees must have at least 35 weekly hours
• Salaried employees must have at least 40 weekly hours
• The new hired employee cannot be a replacement for a previously reduced position in 2008. He/she must be an addition to the business
• New hires from enterprise zones, manufacturing enhancement areas, military base recovery areas, targeted tax areas are not eligible
• New hires whose wages were used to apply for any other California tax credits are not eligible
  

Since there is only a limited fund of $400 million allocated to this tax credit, credit claim forms as part of employers' California tax returns will be processed in the order received until the fund runs out. If you find your business eligible for this tax credit, we suggest you to file your 2009 return as soon as possible after January 1, 2010.