Contact Info Department of Finance Office of Revenue 55 Trinity Avenue, SW Suite 1350 Atlanta, Georgia 30303 Tel: 404.330.6270
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- Guide To Atlanta Small Business Tax Relief
- Guide To Atlanta Small Business Tax Deductions
- Guide To Atlanta Small Business Taxes
About Business Taxes
This Guide will focus on detailed information that assessors and taxpayers need to know regarding the Small Business Taxpayer Exemption. Information regarding the Eligible Manufacturing Personal Property Exemption can be found in the Guide to Eligible Manufacturing Personal Property Tax Exemption and ESA available on the State Tax. Mar 02, 2017 Sales tax is a tax you charge to customers when they purchase products or services from you. As a business owner or seller, you are responsible for calculating, collecting, reporting, and remitting sales tax to the appropriate state and local tax authorities. For more details on using a car for business, see IRS Publications 334 (Tax Guide for Small Business) and 463 (Travel, Entertainment, Gift and Car Expenses). Meal and entertainment expenses. Jul 29, 2020 Steve runs his own business selling electronics on eBay out of his home in Atlanta, Georgia. A customer living in Savannah finds Steve’s eBay page and purchases a $350 pair of headphones. When calculating the sales tax for this purchase, Steve applies the 4.000% tax rate for Georgia State, plus 3.000% for Chatham County. See full list on nolo.com.
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.
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:
(Estimated Revenue - $10,000 Standard Deduction)/1,000 * Tax Rate) + $50.00 Flat Fee = Subtotal
Subtotal + ((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
Total 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:
Tax class | Flat rate $0 to $10,000 | Tax rate per $1,000 |
1 | $50.00 PLUS | 0.60 |
2 | $50.00 PLUS | 0.75 |
3 | $50.00 PLUS | 0.85 |
4 | $50.00 PLUS | 1.10 |
5 | $50.00 PLUS | 1.40 |
6 | $50.00 PLUS | 1.65 |
7 | $50.00 PLUS | 1.90 |
8 | $50.00 PLUS | 2.15 |
Source:Atlanta Municipal Code § 30-62.
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Guide To Atlanta Small Business Tax Relief
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Guide To Atlanta Small Business Tax Deductions
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Guide To Atlanta Small Business Taxes
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