Welcome to Creative Environments of Hollywood
Tax Credits & Incentives Information

There’s nothing more creative
than saving your business money. ™

Creative Environments of Hollywood is L.A.’s premiere commercial live-work loft development company. We’ve developed some of Southern California’s most dynamic, creative and unique office and residential properties by seeing promise, value and artistry where others do not.

Now, our focus on ‘adaptive re-use’ and ‘neighborhood renewal’ has created a new and exciting opportunity for our tenants… an opportunity to save, potentially, tens of thousands of dollars through tax credits and incentives, simply by having office space in one of our beautiful Creative Environments properties and hiring qualified employees.

Here’s just a snapshot:

• Your qualified employees might provide you a whopping $37,000 in ‘employer hiring credits’ per employee through the Federal Government!
• You may be eligible to receive a tax credit of up to $2,400 per year per qualified employee with this ‘work opportunity tax credit’ through the State of California!
• Another employee-related federal tax credit can provide you with up to $3,000 per qualified employee!
• Imagine receiving up to $20,000 in qualified business deductions simply by having your office in a select Creative Environments property!
• You may be able to write-off 100% of your monthly rent by living and working in the same creative space!

‘Tax credits’ differ greatly from ‘tax deductions’.  A ‘tax deduction’ reduces your taxable income.  The value of a deduction depends on your tax bracket.  If you are in the 25% tax bracket, a $1000 tax deduction will reduce your tax bill by $250 in a given year. If you are in the 10% bracket, a $1000 tax deduction will reduce your tax bill by $100 that year. Common tax deductions are Traditional IRA and 401(k) contributions, as well as mortgage loan interest, student loan interest, and charitable donations. 

A ‘tax credit’ is a dollar for dollar reduction in your income taxes. If you have a $1000 tax credit, your tax bill will be reduced by the entire $1000 regardless of your tax bracket.  

There are other dramatic credits and incentives available to qualified businesses. We invite and encourage you to learn more and to consider Creative Environments the new address for your business! Ask your tax professional about the potential savings for your business!!

Join our select group of successful tenants by moving your office to a Creative Environment. And with many distinctive properties throughout Los Angeles, you’ll find limitless possibilities to create the perfect office space… at a net price you simply won’t believe.

FEDERAL EMPOWERMENT ZONES
http://www.lacity.org/CDD/bus_fedcred.html#ewc

STATE ENTERPRIZE ZONES
http://www.lacity.org/CDD/bus_statecred.html

RENEWAL COMMUNITY ZONE
http://www.lacity.org/CDD/bus_renewal.html

Live. Work. Thrive… and Save! ™