Do you own a business and in need of a tax certificate? As a result of the extensive budget shortfalls being experienced by government at all levels, it is evident that many government entities are attentively going after revenue owed them. All companies, including companies operating out of private homes, must file and pay for a Business Tax Certificate if you conduct business in an incorporated area of the city or town you live in. You may be required to apply and pay for a tax certificate regardless of the amount of revenue you actually earn throughout the year.
Laws mandated in 2001 state that the cities, states and towns can share taxation data as means of locating companies that are not registered with a tax certificate. This is based on laws implemented everywhere, no matter what area you may live in. However, depending on your specific location, regulations may differ, so it is vital to consult with a taxation law attorney if you have questions about obtaining a tax certificate. Depending on your business and location, this may be a matter that affects you drastically. Our taxation law attorneys can determine if your business requires the acquisition of a tax certificate and to inform you of your legal rights.
Did you know?
In certain areas, if you are running a business in a location that is classified as “unincorporated,” a business license may not be required but this can depend on a variety of factors.
Some locations will require a business tax certificate from individuals that operate anywhere within city limits.