Today is the last day to apply for the Main Street Small Business Hiring Tax Credit. Ernest Figueroa has more information about the credit and how to apply…
California small business owners who need financial assistance can potentially receive up to a $100,000 tax credit with the Main Street Small Business Hiring Tax Credit. The tax credit can be used to offset income taxes or sales and use taxes when filing the business’s tax returns. Qualified small businesses can apply using the California Department of Tax and Fee Administration’s online reservation system. Tax credits are allocated on a first-come, first-served basis. For assistance or more information, call 800-400-7115 from 8 a.m. to 5 p.m. Applicants will be notified if they qualify for the tax credit and the amount of the tentative credit reservation within 30 days of the application.
