Navigating Local-Level Taxes for Businesses: What You Need to Know

Navigating Local-level Taxes For Businesses: What You Need To Know

Navigating tax obligations at the local level can be just as important as managing state and federal taxes, especially for businesses operating across multiple jurisdictions. In this session, our CPAs Shruti Shah and Heena Patel, and Client Services Manager Arianna Gonzalez, MBA discussed key local-level tax requirements that could impact your business operations, compliance, and bottom line. In this session, they covered: • Why local taxes matter and how they impact your operations • The main types of local taxes: income-based, payroll, sales, gross receipts, and more • What creates a tax "nexus" at the local level • Cities that levy taxes on business income or employee payroll • Key thresholds, exemptions, and rules for small businesses • How different industries may face different local tax treatments • Local sales tax variations and common compliance pitfalls • Lesser-known local taxes to watch out for • Real client case examples - both mistakes and smart tax-saving moves