The business license tax fee is based primarily on:

• Estimated Gross Revenue;
• Number of Employees;
• Tax Class as determined by SIC Code (Business Type)

The current year’s tax is based on an estimate of gross revenue based on prior year actual gross revenue. 

Gross revenue is reconciled annually as the most updated tax information is reported.

The annual registration fee is $75.00.

Thế giới cá The per employee fee is $25.00.  The first employee is exempt.

 Example:

• Estimated Gross Revenue = $100,000
• Number of Employees = 20
• Tax Class = 5

 Basic Formula:

Thế giới cá(Estimated Revenue - $10,000 Standard Deduction)/1,000 * Tax Rate) + $50.00 Flat Fee = Subtotal

Thế giới cáSubtotal + ((Number of Employees – 1) * 25.00) + $75.00 Registration Fee = Total Tax Due

Calculation:

($100,000 - $10,000)/1,000) * 1.40) + $50.00 = $176.00

($176.00 + ((20-1) *25) + $75.00 = $726.00        

Thế giới cáTotal Tax: $726.00

Penalty and Interest Assessments Prescribed by Atlanta’s Code of Ordinances:     

• General business licenses (LGB) are subject to a 1.5% interest assessment on unpaid principal.
• General business licenses (LGB) are subject to a $500 penalty for failing to renew their business license by February 15 annually. 
• General business licenses (LGB) are type subject to a 10% penalty for failing to pay their business tax by April 1 annually.
• All accounts are subject to Non-Sufficient Funds (NSF) charge of 5% of license/tax fee or $30 (minimum NSF), whichever is greater.

Tax Rate Structure

The tax rate structure is as follows:

Source:.