EP11 - Are You Paying City Business Taxes? How Creatives Can Save Thousands with Exemptions

Let’s Get Fiscal Podcast EP11 - Are You Overlooking City Business Taxes That Could Cost You Thousands Discover the Exemptions You Might Be MissingUnderstanding Your City Business Taxes: Compliance for Creative EntrepreneursIn this episode of Let's Get Fiscal, hosts Anastasia Maisha and Danielle from Coterie Tax discuss the often-overlooked aspect of city business taxes aimed at creative businesses. They emphasize the importance of knowing about these taxes to avoid fines and extra charges. The hosts specifically dive into the tax requirements for cities like Los Angeles and New York City, highlighting the complexities and necessary compliance. They explain exemptions available for creatives and the need for accurate and timely filing. Useful tips are provided for staying compliant, including the significance of knowing your business location's city jurisdiction and keeping communication open with your tax professional.00:00 Introduction to City Business Taxes00:40 Understanding City Tax Compliance01:16 Major City Taxes: LA, San Francisco, and More02:02 Home Occupation Licenses and Compliance02:56 Filing and Compliance Tips03:47 City of LA Business Tax Details05:26 Creative Professionals and Tax Exemptions06:21 Production Companies and Tax Classification06:56 Navigating the City of LA Tax System11:03 New York City Corporate Taxes13:57 General Tips for City Tax Compliance15:14 Conclusion and Final Thoughts🔗 Helpful Links & Resources📬 Got a question for the show?Submit it here: https://www.coterietax.com/qa🎧 Want to listen to more episodes?Catch the latest episodes at: https://www.coterietax.com/podcast📊 Need personalized help with your business finances?Learn more about working with Anastasia and Myiesha: https://www.coterietax.com