Creative Office Space Provides Businesses with the Opportunity to Save or Actually Even Make Money
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Los Angeles, CA (PRWEB) May 27, 2009 -- Creative Environments of Hollywood (CEH), a leading developer of creative and industrial Los Angeles lofts and offices, is making business owners aware of virtually unknown tax credits and incentive programs available to small and large businesses alike. For those who qualify, these credits can potentially add up to tens of thousands of dollars simply by hiring employees and having office space in the right location. CEH's core philosophy (centered around three main initiatives of 'restoration,' 'neighborhood revitalization' and 'adaptive re-use,') positions their properties in sought-after Enterprise, Empowerment and Renewal Zones. These 'zones' offer businesses the potential to take advantage of programs like the Work Opportunity Tax Credit (WOTC) which offers a credit of up $2,400 per year for each qualified employee, the Employer Hiring Credit which allows for roughly $37,000 over a 5-year period per qualified employee, Employee Wage Tax Credit which offers up to $3,000 per qualified employee, and many others.
Creative Environments (http://www.creativenvironments.net) not only provides quality creative space to businesses and individuals but also assists them with the growth and success of their businesses and lives. Through various state and federal programs, Enterprise and Empowerment Zones have been created to stimulate economic activity, reduce tax burden, incentivize commerce and revitalize communities. And unlike a tax deduction,' which simply reduces taxable income, a 'tax credit' goes towards the actual amount of tax owed. When combined with reasonable tax deductions, a tax credit offers an opportunity to save companies substantial amounts of money, allowing them to hire more employees and invest more in the economy.
The Creative Environments' collection of properties, including the award-winning Cosmo Lofts (http://www.cosmolofts.com), Westmoreland Lofts (http://www.westmorelandlofts.net) and Lacy Studio Lofts (http://www.lacystudiolofts.com) as well as the upcoming, much anticipated Seeley Studios (http://www.seeleystudios.com) and Artisan Lofts (http://www.artisanlofts.net), offer tenants the experience of chic urban surroundings, while maintaining proximity to all Los Angeles has to offer. Whether for work, live, work and live, relocation, a second office, a start up or expansion, Creative Environment' spaces are unlike any other in Los Angeles. In a city where creative minded companies are the norm, CEH finally offers an alternative to the standard four-wall setting, and so much more.
Zachary Schneiderman of CEH, says, "In tough economic times like these, businesses must seize every opportunity to make and to save money. If your office is just an expense, it's time to be creative."
For Further Information, Please Contact:
Spin Shoppe Public Relations
Eileen Colavita
ecolavita (at) spinshoppe (dot) com
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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