Theo tin Thành Phố Philadelphia
For Immediate Release: May 10, 2016
Published By: Office of the Mayor
Contact: Ajeenah Amir, (215) 686-6210, press@phila.gov
A Three-Part Series of Workshops Aims to Help Business Owners Understand the Philadelphia Business Tax Environment Starts Today.
PHILADELPHIA– The City of Philadelphia Departments of Revenue and Commerce has partnered with PIDC, Philadelphia’s public-private economic development corporation, on a series of workshops to help small business navigate City business taxes.
The three-part series brings City tax and revenue policy experts from the Department of Revenue to walk business owners through the various taxes to be aware of when doing business in the city as well as the tax credits available to offset some liabilities.
“The City is committed to making Philadelphia increasingly business-friendly,” said Harold Epps, Commerce Director. “To that end, these tax workshops provide detailed information about recent City business tax reductions as well as tax general guidelines helpful for any business.”
For example, the City of Philadelphia has implemented several new tax policies to assist business owners, such as Jump Start – giving a Business Income & Receipts Tax (BIRT) rate of 0% to new companies creating a required number of jobs for their first 2 years in operations and exempting the first $100,000 in 2016 sales from the BIRT for all businesses (up from $75,000 in 2015). These workshops are just one way to help make business owners aware of changes to taxes, as well as credits and benefits. Facilitating the series is Wayne W. Williams of the Community College of Philadelphia and Education Director of the Goldman Sachs 10,000 Small Businesses initiative.
“The Revenue Department has long been focused on helping taxpayers comply with all tax laws and regulations, and making sure they are aware of credits, benefits, and changes in the tax code,” said Philadelphia Revenue Commissioner Frank Breslin. “These workshops will go a long way to ensuring that participants can take full advantage of the opportunities that are available and meet their obligations to the City.”
The series began today, May 10, and continues for two more consecutive Tuesdays ending on May 24. Each week focuses on a specific area. First up, today, was Understanding the BIRT and Net Profits Taxes and Credit Offsets. Next on May 17th is Wage & Earning Taxes and Job Tax Credits, and finally on May 24th is Use & Occupancy vs. Property/Real Estate Tax and Tax Exemptions. Each event begins at 7:30 AM with networking and continental breakfast and the program runs from 8:00 AM – 9:45 AM. RSVP or find a full listing of workshops at www.pidcphila.com/events.
“PIDC is pleased to partner with the City of Philadelphia for this workshop series,” said John Grady, President of PIDC. “Our workshops have proven to be a valuable resource to give small business owners tools to help them grow. In 2015, more than 350 people attended one of our workshops and we look forward to continuing to expand our subject matter and reach new audiences.”
The tax workshop series is part of PIDC’s year-long Business Builder schedule of workshops providing technical assistance to small business owners. PIDC offers a full schedule of free programming on a variety of topics. In 2016 there is a calendar of 20 workshops including Understanding Financial Statements, Real Estate for Business: Lease vs. Buy, and Your Personal Credit for Business Growth.
About PIDC
PIDC is Philadelphia’s public-private economic development corporation. A non-profit founded in 1958 by the City of Philadelphia and the Greater Philadelphia Chamber of Commerce, PIDC’s mission is to spur investment, support business growth, and foster developments that create jobs, revitalize neighborhoods, and drive growth to every corner of Philadelphia. Over the last 57 years, PIDC has invested more than $13 billion of financing and more than 3,000 acres of land sales – which has leveraged over $23 billion in total investment and assisted in retaining and creating hundreds of thousands of jobs in Philadelphia. As master developer of The Navy Yard, PIDC manages all aspects of the property’s management and development, including master planning, leasing, property management, infrastructure development, utility operation, and structuring development transactions. For more information about PIDC, visit www.PIDCphila.com and follow us @PIDCphila on Twitter.
About City of Philadelphia Department of Revenue
The mission of the Department of Revenue is the timely, courteous and prompt collection of all revenue due to the City of Philadelphia, and all tax revenue due to the School District of Philadelphia. This includes the billing and collecting water and sewer charges ensuring that the financial resources needed to support the Water Department’s mission of providing quality water and an efficient wastewater management treatment system.
About City of Philadelphia Department of Commerce
The Philadelphia Department of Commerce sets and leads policies to help businesses, from small shops to large corporations, in Philadelphia thrive. The Department coordinates activities along neighborhood commercial corridors, programs serving small businesses and entrepreneurs, major real estate development projects, large-scale business attraction and retention efforts, as well as efforts to increase contracting opportunities for minority and women-owned businesses. The Department is the umbrella organization for all economic development activity in the city and coordinates the work of related agencies, including the Philadelphia Industrial Development Corporation (PIDC) and the Philadelphia Redevelopment Authority (PRA).
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https://alpha.phila.gov/press-releases/mayor/city-of-philadelphia-and-pidc-partner-to-help-businesses-navigate-city-taxes/