net profit license fee return

PDF MADISON COUNTY Madison County Finance Office State or Local taxes . Penalty - 5.00% per month-maximum 25%- not less than $25 12. 1. phone no. XLS Welcome - Marion County Kentucky NET PROFIT LICENSE FEE RETURN ACCOUNT NO. The Form NP100, Net Profit License Tax Returns must be filed and all taxes paid on or before the fifteenth day of the fourth month after the close of the fiscal year. Net Profit License Fee Return (PDF) No minimum or maximum. Interest - 12.00% per annum portion of year. 3. RETURN MUST BE SIGNED - I hereby certify, under penalty of perjury, that the statements made herein and any supporting schedules are true, correct, and complete to the best of my knowledge. Occupational License Forms/Business ... - City of Paducah return must be signed TAX YEAR CITY OF MAYFIELD KENTUCKY - NET PROFIT LICENSE FEE RETURNED END 2020 211 E BROADWAY MAYFIELD KY 42066 (270)-247-1981 FAX (270)-247-7151 Overpayment from 20____ allowed as credit 27. %¡ Yes %¡ No 9. A Schedule C form is the tax form used by a sole proprietor to calculate his business's net profit or loss. NET PROFIT LICENSE FEE RETURN FORM WCNP GENERAL INSTRUCTIONS The following instructions are provided to aid the taxpayer in the completion of Form WCNP, Net Profit License Fee Return. Occupational License Fee ReturnFederal Form 245. Net Profit License Fee Return. If Line 13 is Greater that Line . Enter ADJUSTED NET PROFIT (From Line 14 on the back of this form): Enter percentage from Line 17 or 18 Page 2 Net Profits Allocation (Line 1 X Line 2) License Tax (Line 3 X 1.5%) Credits: a. A copy of the consolidated Form 1120 or its equivalent. License Fee - 1.0000% of line 8 10. 1120 5.FEDERAL RETURN SHOULD INCLUDE: 1.) Annual Business License Fee 14. Form NP-2 WORKSHEET Y: BUSINESS APPORTIONMENT COMPLETE THE APPLICABLE COLUMN AND ATTACH CORRESPONDING FEDERAL SCHEDULES EVEN IF A LOSS WAS INCURRED. Effective July 1, 2021 the occupational tax will increase to . Occupational License Fee Click here to download Occupational License FeeDelinquent Letter Click here to download Reconciliation of Occupational License Fee Withheld Click here to download Employer's Return of License Fee Witheld Click here to download Net Profits License Fee Return Click here to download 6. net profit license fee return name and address of business please notify this office of any change of ownership or name and address shown above schedule a . Sch. Application For Extension Of Time To File. laurel county, kentucky net profit license fee return first time filer address correction final return (busines closed, all taxes are paid, account # fed id # year ended no future activity is planned) section a 1. net profit per attached return (see instructions) 2. add items not deductible (list) state & local taxes 3. Please note that there is a minimum Net Profit fee of $50.00. NET Business income per Federal Tax Return_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 2. The form is scannable for processing purposes. 2. NET PROFIT LICENSE FEE RETURN FORM OL-3 www.shivelyky.org (502) 449-5000 fax (502) 449-5004 Print Business Name, Address & Account # Taxable Year Ended Month Day Year Social Security # or Federal ID # Business Entity Classification: Individual Partnership Corporation 20) business apportionment enter here and on line 22 of net profit license fee return If you had both a payroll factor and a sales revenue factor, then divide Line19 by two (2) If you had a payroll factor or sales revenue factor, but not both, then enter the percentage from Line19 on Line 22 They are not intended to be all-inclusive and therefore should be used only as a supplement to the existing ordinances and regulations. 2019 Tax Year Net Profit License Fee Return. Show Name and Address of each place of Business operated Subject to Lebanon License Fee and check if not included in this return. Every person or business entity engaged in any for profit business activity in the City shall be required to file and pay to the City an occupational license tax of 2% of the net profits from that portion of business conducted in the City, with a $25 minimum fee , beginning in tax year 2014. Enter the larger of Line 6 or Line 7 Total Estimated Payments (including annual business license fee) and Prior Credits . The current license fee is .5%. All businesses within Versailles are also required to submit an annual Net Profit return, Net Profit License Fee Form.pdf The Net Profit Form must be completed in full and returned to Marlena Jacobs at 196 South Main Street, Versailles, Kentucky 40383. 5. Industrial businesses with 50+ full-time employees located on an industrial-zoned lot are exempt from Net Profit License Fees. Average Percentage if Applicable (Line 39, Section C on Back) _ 11. add and/or deduct only those items which are included in calculating net income per federal return items not deductible - add items not subject - deduct . Standardized Occupational License Fee form - HB 277 KRS-mandated. net profit license fee return instructions The Hopkins County Fiscal Court Net Profit License Fee is levied at the annual rate of .5% of the net profits of all occupations, trades, professions or other businesses engaged in said activities in Hopkins County. The Net Profit license fees are collected on the 15th day of the 4th month following the fiscal year end and are based on Federal returns. Estimated Payments b. Quarterly License Fee Return. Department of Alcohol Beverage Control *See Applicable Net Profit form above for Extension Request Coupon. LICENSE FEE ADMINISTRATOR City of Harrodsburg 208 South Main Street Harrodsburg, Ky 40330 (859) 734-2225 CITY OF HARRODSBURG - LICENSE FEE DIVISION NET PROFITS LICENSE FEE RETURN Under Ordinance Chapter #70 FROM BUSINESS, PROFESSION, OR OTHER ACTIVITY WITHIN THE crry OF HARRODSBURG, THIS RETURN IS DUE ON OR BEFORE APRIL 15, FOR THE CALENDAR YEAR OR WITHIN 105 DAYS OF THE END OF YOUR FISCAL YEAR SECTION A 1. The structure of the Paducah's Business License Tax is unique and has been called a modified net profits system. The Net Profits License Fee return is due April 15 of each year, except returns made on the basis of a fiscal year, which shall be made by the fifteenth day of the fourth month following the close of the fiscal year. Form 228 - 2020 net profit license fee return instructions Form 222 - 2020 reconciliation of license fee withheld *Please note the mailing address for this form. The NET PROFITS LICENSE FEE RETURN Net Profits and Extensions are due each year by 15 April. Request for Net Profit Extension Net Profit License Fee. 20) BUSINESS APPORTIONMENT - Enter here and on LINE 22 of NET PROFIT LICENSE FEE RETURN If you had both a payroll factor and a sales revenue factor, then divide line 19 by two (2) If you had a payroll factor or sales revenue factor, but not both, then enter the percentage from line 19 on line 22 INDIVIDUAL PARTNERSHIP CORPORATION NETP2 Rev. The Net Profit License Fee Return is a local tax return prepared by you or your tax professional each year. All persons or business entities engaged in any trade, occupation, or profession or other activity for profit is required to register and file a return . It is based on your taxable year end (12/31 for most businesses). All persons doing business in Union County are required by ordinance to complete and submit a questionnaire to the Tax Administrator. 4. Payroll Tax Annual Reconciliation Form. Net Profit License Fee Return 1. Business Information: Name of Business: . Business License Ordinance >> Refund Calculation, Page 2. Taxpayer's Signature Date City of Owensboro/Daviess County Fiscal Court Social Security # or Federal ID# Net Profit License Fee Return Business Type . Utilities Levelized Billing Form Utility Application . Checks or money orders should be made payable to the Director of Finance, City of Frankfort, KY. Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%. Utilities Levelized Billing Form Utility Application . x signature of taxpayer period ending month day year liii1111111111 iiiliilliiliiiliii account no. BALANCE DUE (line 13 less Line 14) pay this amount A. What is Subject to the Fee: Occupational fees are business license fees, not income taxes. 9. Contact Information: Business Privilege License, Net Profit, Occupational License: Phone Number: (606) 385-3360, (606) 385-3358, (606) 385-3359 Fax: (606) 385-3365 mlayne@ashlandky.gov EQ-1 Employers Quarterly Return Form. Mail to: Reconciliation of License Fee Withheld for Year Ending [PDF] Summary and Transmittal of Non-Employee [PDF] Effective w/2009 tax year forms received after Feb. 28th, will incur a $25 late fee. 10 . We must accept this form, you are not required to utilize it. 3. C (1040) Fed. 11. ****LLC's Repor ng and .ling on income under a separate City account number must provide that City Account number below. The Net Profit License Fee Return is to be filed pursuant to the due dates required for federal return filings. License Fee Due (2.0% of Line 5) 7. There is imposed an annual license fee being the greater of $75.00 or 1.78% of the net profits due and payable with the Net Profit return. 541 Payroll Tax Return. Net Profit Subject to License Fee (Line 3 multiplied by Line 4) 1. Refund Directions. 18) business apportionment - enter here and on part 1 line 2 of net profit license fee return If you had both a payroll factor and a sales revenue factor, then divide line 17 by two (2) If you had a payroll factor or sale s revenue factor, but not both, then The fee for new businesses is prorated the first year based on the calendar year remaining. YEAR CALENDAR FISCAL YEAR ENDED MO. Occupational License Individual Form 245A. Municipal Net Profit Tax March 31, 2020 | Agency The enactment of HB 49 provides business taxpayers the option, beginning with the 2018 tax year, to file one municipal net profit tax return through the Ohio Business Gateway (the Gateway) for processing by the Department of Taxation. The tax rate on business or enterprise profits earned in Hancock County, Kentucky is presently 1.60% effective January 1, 2020. Business Registration Form. Net Profit Worksheet. All returns are required to be filed even if no taxes are due. Copy of federal forms must be attached to return. #1, reporting net profits subject to occupational fees. IQ-1 Individual Quarterly License Fee Return Form. 7. License fee - Greater of 1.15 % (.0115%) of line 23 or minimum annual fee ($100.00) 25. Credit of minimum annual license fee 26. You do not need to request an extension from our office to receive this additional time. computation of license fee 1, net profit or wages subject to license fee (line 7, schedule a, page 2) 1 2. hancock county license fee @ 1.60% 2 — 3. interest 1/2 of 1% per month if delinquent 3 — 4. Cost of Goods Sold Schedule 2.) Failure to obtain an annual license and / or file the annual return will subject the entity to penalties, interest and prosecution as provided by law. Adjusted Net Profit/Income (Line 7 less Line 8} 10. Date Business Started in Versailles 3. If the net profit is less than two thousand dollars ($2,000.00), then no license tax is due, but this return must be completed and returned in either circumstance. COPY OF APPLICABLE FEDERAL RETURN OR SCHEDULE MUST BE ENCLOSED Fed. FIN-02 (Employer's Quarterly Return of License Fee Withheld) FIN-03 (Rowan County Annual Reconciliation of License Fee Withheld) FIN-04 (Net Profits License Fee Return) FIN-05 (Estimate Tax Declaration Voucher) FIN-06 (Annual Individual License Fee Return) FIN-07 Application for Occupational Tax Refund. B. c. E. Net Income Per Federal Return, Form 1040 SCHEDULE A Computation of Net Profit Subject to License Fee 1065 1120--_ - 20 _ Schedule of "Other . Payroll Tax Employee Withholding Tax Form. You may choose to still utilize our local return below. Total Credits (Add Lines 25 through 27) 29. Transient Room Form.pdf. Net Profit License Tax Return Form. Form 220-221 - Employer's return of license fee withheld is not available online or by fax. Checks or money orders should be made payable to the Director of Finance, City of Frankfort, KY. Both changes will become effective on July 1, 2017. Complete this section and skip to Section 5. The rate for the license fee is 1% of net profit and 1% of all wages and compensation paid on work done within the County of Lincoln. 9. Tax Professional: . Net Profits Division P O Box 989 . Estimate Payments or Prior Year Overpayment _ 14. All business owners are subject to a 1% net profits tax due by April 15th of the following year. The London KY City Privilege License is a direct credit toward any taxes due, however it does not create a credit. 2. Somerset, KY 42502 (606) 679-6366 . Ordinance 201903 Amended Occupational.pdf. Check Whether this Return is prepared on Cash _____ or Accrual _____ Basis. Net Profits License Fee Return, Page 2. Month-Maximum 25 % - not less than $ 3,500 has been removed from License. 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