UPDATE - October 7, 2014
Join City and County of San Francisco officials for a free seminar to learn more about how the business tax will be changing. The seminar will include an overview of the new changes and a schedule of tax filings. The seminar is hosted by the City and County of San Francisco.
Thursday, November 6, 2014, 3:00 - 4:30 p.m.
San Francisco Public Library, Latino Room
100 Larkin St, San Francisco, CA
Seating is limited. Please RSVP to Marianne Thompson at 415.554.6297 or marianne.thompson@sfgov.org.
The City has begun to phase in a Gross Receipts Tax (GRT) and reduce the Payroll Expense Tax over the next five years. The GRT will only apply to businesses with more than $1 million in annual gross receipts, exempting most small businesses. Business registration fees will also change for all businesses.
BOMA San Francisco Members:
In an ongoing effort by the City and County of San Francisco to measure the effectiveness of their Gross Receipts Tax outreach efforts, the San Francisco Office of Economic and Workforce Development has created a survey for businesses, merchant groups, merchant corridors, business groups, and associations to whom City representatives have presented to in person.
Please take a moment to participate in this survey.
UPDATE - May 29, 2014
BOMA San Francisco Members:
The recent BOMA San Francisco organized Gross Receipts Tax luncheon was quite informative. Thank you to our guests, Manny Fishman, attorney at law with the firm of Buchalter Nemer, along with Greg Kato, Policy and Legislative Manager with the San Francisco Treasurer's Office.
Resources mentioned during the event:
San Francisco's newly enacted Gross Receipts Tax (GRT) requires that building owners and managers keep detailed records of rents, operating expenses, taxes, and other revenues and costs associated with the ownership and operation of office properties and other business ventures. Investors in and syndicators of real estate doing business in San Francisco have reporting obligations as well.
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UPDATE - July 30, 2014BOMA San Francisco Members:
In an ongoing effort by the City and County of San Francisco to measure the effectiveness of their Gross Receipts Tax outreach efforts, the San Francisco Office of Economic and Workforce Development has created a survey for businesses, merchant groups, merchant corridors, business groups, and associations to whom City representatives have presented to in person.
Please take a moment to participate in this survey.
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UPDATE - May 29, 2014
BOMA San Francisco Members:
The recent BOMA San Francisco organized Gross Receipts Tax luncheon was quite informative. Thank you to our guests, Manny Fishman, attorney at law with the firm of Buchalter Nemer, along with Greg Kato, Policy and Legislative Manager with the San Francisco Treasurer's Office.
Resources mentioned during the event:
- A video that explains the Gross Receipts Tax;
- Gross Receipts Tax Worksheet
- Changes to the Business Registration Fee structure - due before May 31, 2014:
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Original Post - May 19, 2014San Francisco's newly enacted Gross Receipts Tax (GRT) requires that building owners and managers keep detailed records of rents, operating expenses, taxes, and other revenues and costs associated with the ownership and operation of office properties and other business ventures. Investors in and syndicators of real estate doing business in San Francisco have reporting obligations as well.
Our own resident expert on the Gross Receipts Tax, Manny Fishman, attorney at law with the firm of Buchalter Nemer, along with Greg Kato, Policy and Legislative Manager with the San Francisco Treasurer's Office, will offer practical advice on the new forms being distributed by the Treasurer's Office to calculate the GRT as well as how and when your real estate firm needs to comply with the new business tax law.
This is one BOMA luncheon program you can't afford to miss. Come prepared with your questions about San Francisco's Gross Receipts Taxes and new Business Licensing Taxes.
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