Access Leading Tax Experts And Technology
In Our Global Digital Marketplace

Please Type Topic Into Search Bar

As a small business owner in San Francisco, CA I was recently told that there is a Gross Receipts Tax on Business. Can you explain to me what it is?

Gross Receipts Tax on Business
TaxConnections Members... Answer This Question Want To be One of Our Tax Experts? Register Here

Tax Professional Answers

User Photo
John Dundon, II EA
According to the San Francisco Examiner ...

"San Francisco’s payroll tax was kicked to the curb in the November election and replaced with a levy on businesses’ gross receipts."

The article goes on to state ...

"Under the new tax model, businesses with at least $1 million in gross receipts will pay rates, adjusted annually for inflation, of 0.075 percent to 0.65 percent.."

You might find the following article helpful ...

www.sfexaminer.com/local/2013/01/san-francisco-s-switch-gross-receipts-tax-will-be-costly

good luck!
Leave a Comment 442 weeks ago

User Photo
Lynn Mitchell
Are you referring to the payroll tax replacement or to the gross receipts business license tax? Both are handled through the same office, you'll probably want to call the city/county treasurer to determine your specific business class and which particular taxes apply to your business.
Leave a Comment 442 weeks ago

 

View/Select our Current List of Tax Topics

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Previous PageNext Page

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today