As a crucial deadline approaches, we want to ensure you're informed about the impending Business Tax Renewal for the City of Los Angeles. Renewing by February 29, 2024, is vital to avoid penalties and maximize potential exemptions.
All businesses, regardless of revenue generated, are required to file an annual tax renewal. Timely filing not only prevents late penalties and interest charges but also ensures eligibility for various tax credits and incentives, including the Small Business and Creative Artist Exemptions.
To initiate the renewal process:
1. Gather your Business Tax Account Number, Social Security Number (SSN), Taxpayer Identification Number (TIN), or Federal Employer Identification Number (FEIN).
2. Have your Basis for Tax (Gross Receipts for most businesses) ready.
3. Your order will be processed upon signing up the upcoming proposal with providing payment method
4. Click the "Renew Now" button below to securely renew online.
If your business is no longer operating in Los Angeles:
- Businesses with an active account for more than a year that closed in 2023 don't require renewal. If there are no outstanding tax liabilities, you can cancel the account using the Taxpayer Information Update form or the Information Update section on the renewal form. For outstanding liabilities, kindly resolve them with the Office of Finance before cancellation.
- If your business started and ceased operations in 2023, please file the renewal and indicate the closure date in the Information Update section.
Need assistance? With the deadline approaching, wait times at public counters and response times for emails and calls are increasing. If you have inquiries or require support, please reach out to us promptly.
Thank you for your attention to this important matter. We're here to ensure a smooth and compliant renewal process for your business.