Los Angeles Business Tax Break Proposed

Los Angeles' mayor today proposed an expansion of the City of Los Angeles' new business tax exemption, from two to three years, assuming gross revenues of less than $500,000:

Tax Break for New Businesses Proposed, Los Angeles Business Journal, June 15, 2010

City of Los Angeles Business License Tax Returns

City of Los Angeles Business License Tax Returns are due by the end of February of the year following the subject tax year. There are several exemptions, the most important of which being, that for businesses that register and file their tax returns on time, there is no tax. So it is extremely important to file, or have your accountant file, the return on time.

Online filing is available for renewals only on the City of Los Angeles Office of Finance web site: https://latax.lacity.org/laweb/