For clients doing business within the City of Los Angeles–including 1099 freelancers with home office in LA City–this article your reminder to file your business tax renewal registration by March 1, 2021 to avoid losing possible tax exemptions and to avoid penalties and interest.
Here below is some information from LA City Office of Finance intended to make your business tax renewal easier, faster, and less costly…
All businesses are required to file an annual tax renewal regardless of whether or not your business generated revenue for that tax year. Filing your renewals timely avoids late penalties and fees and also ensures that you can take advantage of all available tax credits and incentives. Business tax exemptions such as Small Business with global gross receipts less than $100,000 and Creative Artist require timely filing of renewals.
To get started with your business tax renewal:
- Have your Business Tax Account Number or your SSN, TIN, or FEIN
- Have your Basis for Tax (or Gross Receipts) ready
- Verify your banking information to ensure successful payment
You can renew today using the LA City Office of finance online renewal system linked here.
Note that LA City has an “amnesty” program where you may be able to avoid certain costs if your business was negatively affected by the COVID-19 Crisis. Details on LA City Amnesty program linked here.
Were you registered with LA City for more than 1 year and closed in 2020? In this case, no need to file a renewal, instead please cancel the account if you have not already done so by filling out the Taxpayer Information Update section on the back of the renewal form.
Did you open and close in 2020? Please file the renewal and indicate in the Taxpayer Information Update section the date the business closed.
Do you have other questions about filing your LA City Office of Finance Business Tax Renewal? Visit the How to File Renewals Page.
Due to COVID-19 Restrictions, most LA City Office of Finance offices are either not open, or have limited hours. Here again is the link to the online renewal system. Contact phone number for LA City Office of Finance customer service is (844) 663-4411.