California Business Credits
Author: Jane Ryder
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours California Tax for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
This course covers several California credits for businesses including the California Competes Tax Credit and grant, cannabis credits, the New Employee Credit, motion picture credits, credits for food donations, R & D, PTET and more. We'll discuss credit eligibility, net tax savings, carryover credits, credit applications and credit reservations applicable to each credit. Plus, California differences for similar federal credits such as R & D, low-income housing credit, etc.
Publication Date: October 2025
Topics Covered
- Components of California Business Credits
- Agricultural Donations
- Examples of the Nec Calculations
- California PTET Election
Learning Objectives
- Determine which California credits may be available for specific taxpayers
- State common components of CA credits, applications & credit reservations
- State CA attributes of similar federal credits to accurately calculate each credit
- Explain how to correctly report the CA PTET elective credit for maximum tax savings
- Explain how to correctly report California credits similar to federal credits, such as R & D and low-income housing credits
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
