How to Calculate City of LA Business Tax

[@ACapReCap]

ACap will not respond to comments seeking tax or financial advice. Please consult a CPA or CFP who is familiar with your individual circumstances.

[@Wilhemina]

Is the taxable income amount gross business income? Or net income after expenses?
If it’s gross why would the city not allow cost of operating to be deducted before taxing ?

[@kristinbrin6858]

Hello and thank you. Very interesting information yet I am confused. I am a fine artist, my studio is in Los Angeles. Collectors buy from me here and sometimes I have my framer ship to the costumers, they are in LA too. This is terrible news, I had an accountant and H&R Block who I hire using their small business services. I just got mail from Biz Tax Renewal that I am delinquent. He never paid it or helped me to do so. I gave him then original copy. So I need to pay Interest and penalties. I can't figure it out. Geeeez.

[@ACapReCap]

Thank you for your comment. Unfortunately, the City of LA is not business friendly.

[@keilad4950]

Hi! So I made $207 in my business. The tax rate is 1.27 what is my tax due??

[@GloryBeToGodForever]

Thank you. Blessings in *Christ.*

[@whoisharo4689]

Thanks, Ara! This helped me a ton! By the way, i sell Armenian artwork if you're ever interested! My website is the same as my name here. Thanks for your help!

[@ACapReCap]

Thank you.