To kickoff the New Year, we would like to share important 2015 business tax renewal information and updates. If you know of any business owner or start-up entrepreneur doing business in Los Angeles who may benefit from this information, please forward. This information will highlight incentives that may apply to their existing or start-up business.
IMPORTANT: To qualify for these exemptions and incentives, you must file your renewal or register timely.
Reference the information below and view attached file for more details.
Message from the Los Angeles Office of Finance:
Future Customer Service Enhancements – A key priority of the Office of Finance is the delivery of excellent customer service and the continual effort to better serve the department’s stakeholders. Please check our website periodically to learn of new or enhanced services offered to assist businesses. www.finance.lacity.org
New Business Exemption Changes – LAMC Sec. 21.30 now provides an enhanced three year Business Tax exemption for a new business that started in the City of Los Angeles or a business that relocated from outside the City on or after January 1, 2010 through December 31, 2015. To qualify, a taxpayer could not have been engaged in business at a fixed location in the City in the immediately preceding tax year. A new business must timely register for a Business Registration Tax Certificate to qualify for this exemption.Other Business Tax Exemptions – Small businesses with total (both inside and outside of Los Angeles) gross receipts that do not exceed $100,000 and creative artists with total gross receipts that do not exceed $300,000 may also be exempt from tax liabilities. To qualify for these exemptions, you must file your renewal timely by March 2, even if no tax is due. Please check our website for further details regarding eligibility requirements for the Small Business and Creative Artist exemptions.
UPCOMING EVENT : January 6th
Spanish Entrepreneurship Course Kickoff
What: This is an 8-week entrepreneurship training program in Spanish presented in collaboration with the Vermont Slauson Economic Development Corporation that will discuss the basics of how to start or grow a business.
When: Tuesday, January 6th, 2015, 6pm – 8:30pm
Where: 6109 S Western Ave, Los Angeles, CA 90047
Register: Click Here to Register
Or Register Here: http://tinyurl.com/cursonegocio
City of Los Angeles