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We are here for tax preparation questions or consulting
Frequently Asked Questions
Can I file and pay my taxes online?Yes, you can file and pay your taxes online through several platforms.
What deductions can I take on my Profits Tax return?The city allows ordinary and necessary expenses as determined for the purpose of Federal taxable income. The city does not allow deductions related to unearned income, special deductions or credits.
I am paying my earnings tax after the due date. Do I have to pay penalties or interest?Late payments are subject to a penalty of 5% per month (up to a maximum of 25%) plus interest at the rate of 12% per year from the due date. These rates apply to the following tax types imposed under the earnings tax: wages, profits and employer withholding of the earnings tax.
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