Author name: Lori Witt

Applications Now Being Received for California Competes Tax Credit

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The California Competes Tax Credit (CCTC) is an income tax credit that is available to companies for a project associated with staying or growing in California. The tentative amount of credits allocated to Go-Biz are $30M for FY 2013-14, $150M for FY 2014-15 and $200M for each FY 2015-16 and 2017-18. Small businesses with gross receipts of less than $2M during the previous taxable year have been specifically allocated to receive 25% of the total credits available each year.

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Walton Appoints Phil Ownbey as President

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Premier Tax Incentive Consultant Strengthens National Practice with Industry Expert

Ocean, NJ February 17, 2014 — Walton, one of the longest-tenured independent tax and non-tax incentives consulting firm in the U.S., announced today the splitting of the President and CEO position, previously held by Fred Stiftel, and the appointment of Phil Ownbey as president. Mr. Ownbey brings extensive and relevant experience to Walton, having held strategic executive positions at tax credit and incentive firms. Fred Stiftel will retain the title of CEO.

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Are you a Small Business or Tax-Exempt Organization Providing Healthcare Insurance to your Employees? Take Advantage of the Health Care Tax Credit.

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Businesses with fewer than 25 full-time equivalent employees and with average wages of $50,000/year or less (to be adjusted for inflation beginning in 2014) may qualify for employer health care tax credit. Businesses must pay a minimum of 50% of the full-time employees’ premium costs and are not required to provide health insurance coverage to

Are you a Small Business or Tax-Exempt Organization Providing Healthcare Insurance to your Employees? Take Advantage of the Health Care Tax Credit. Read More »

State Tax Credits & Incentives Keep Increasing

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Walton’s own Marty Reid — Managing Director, Incentive Consulting Services (ICS) Division — has been critical in evaluation and capturing lucrative tax credits and incentives for many businesses for over 20 years. Mr. Reid was quoted in a recent Triangle Business Journal article for his assessment of state tax credit programs explaining that “[states] are

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Cybersecurity Investment Incentive Tax Credit

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Beginning January 1, 2014 Maryland provides a refundable tax credit equal to 33% of an eligible investment to Qualified Maryland Cybersecurity Companies (QMCCs) that seek and secure investment from an in-state or out-of-state investor.

The program appropriations for FY 2014 are $3 million, with a minimum appropriation per year through July 1, 2019 of $2 million. The maximum allowable credit is $250,000 per QMCC and cannot equate to more than 15% of the total program appropriation in a single fiscal year.

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Take Advantage of Employer Provided Child Care Tax Credits

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Oregon Oregon is among 20 states in the United States that offers a state tax credit for dependent care assistance provided to employees. Oregon’s dependent care tax credit is taken against the company’s state tax liability and permits an employer to offset 50% of its child care expenditures against its state tax liability. The credit

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