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Business License FAQ’s
1. Where can I obtain a copy of La Grange’s business license application?
-Under the “Code Enforcement Forms” section.
2. What is the fee for a business license?
-The minimum fee is $55. Businesses are required to fill out the calculation table on the business license application to determine the exact amount owed.
3. What determines how much I owe for a business license?
-The amount owed is determined by the gross receipts for the work done only in the City of La Grange from the year prior.
4. How do I determine how much I owe if I am a new business or have no gross receipts from the prior year?
-If you are a new applicant and/or do not have any gross receipts from the prior year, then you need only pay the $55 minimum fee.
5. What is the deadline for business license renewals each year?
-April 15th.
6. What if my prior year taxes are not completed by April 15th in order to file the gross receipts to obtain a business license renewal?
-You would need to file an extension by April 15th with the minimum $55 dollar fee. Once your previous year taxes come in, you can then file an amended application with the actual amount due, if any at all.
7. Are any businesses exempt from obtaining a business license?
-Yes. Any bank, 501-C3, government employees.
Compensation Tax FAQ’s
1. Where can I obtain a copy of La Grange’s compensation tax application
-Under the “Code Enforcement Forms” section.
2. What is the compensation tax rate for the City of La Grange?
-The compensation tax rate for employees working within the City of La Grange is 1%.
3. Who does the compensation tax apply to?
-Any employee that is paid with a W-2 and is working within the city limits of La Grange.
4. When are compensation tax payments due?
-They are to be paid quarterly. First quarter ends March 31st and due by April 30th. Second quarter ends June 30th and due by July 31st. Third quarter ends September 30th and due October 31st. Fourth quarter ends December 31st and due January 31st.
5. Am I required to have a business license if I am paying compensation tax?
-Only if the company is based in La Grange or if any persons is making money directly, in La Grange. Any employee that is working remotely from home is only required to pay the compensation tax.
6. How do I determine if my employees are working within the city limits of La Grange?
-The most reliable way is to contact the Code Enforcement office at City Hall to have them check and confirm local addresses.
7. Does Oldham County have a separate compensation tax from La Grange that I am also required to pay?
-No. The county does not have a compensation tax. The City of La Grange is the only compensation tax that is required to be paid.
8. Am I required to fill out an annual reconciliation form?
-No.
9. Is anyone exempt from the compensation tax?
-Yes. Any members of the Kentucky national guard, any precinct worker for election training or work at election booths, any persons being paid with a 1099.
1. Where can I obtain a copy of La Grange’s business license application?
-Under the “Code Enforcement Forms” section.
2. What is the fee for a business license?
-The minimum fee is $55. Businesses are required to fill out the calculation table on the business license application to determine the exact amount owed.
3. What determines how much I owe for a business license?
-The amount owed is determined by the gross receipts for the work done only in the City of La Grange from the year prior.
4. How do I determine how much I owe if I am a new business or have no gross receipts from the prior year?
-If you are a new applicant and/or do not have any gross receipts from the prior year, then you need only pay the $55 minimum fee.
5. What is the deadline for business license renewals each year?
-April 15th.
6. What if my prior year taxes are not completed by April 15th in order to file the gross receipts to obtain a business license renewal?
-You would need to file an extension by April 15th with the minimum $55 dollar fee. Once your previous year taxes come in, you can then file an amended application with the actual amount due, if any at all.
7. Are any businesses exempt from obtaining a business license?
-Yes. Any bank, 501-C3, government employees.
Compensation Tax FAQ’s
1. Where can I obtain a copy of La Grange’s compensation tax application
-Under the “Code Enforcement Forms” section.
2. What is the compensation tax rate for the City of La Grange?
-The compensation tax rate for employees working within the City of La Grange is 1%.
3. Who does the compensation tax apply to?
-Any employee that is paid with a W-2 and is working within the city limits of La Grange.
4. When are compensation tax payments due?
-They are to be paid quarterly. First quarter ends March 31st and due by April 30th. Second quarter ends June 30th and due by July 31st. Third quarter ends September 30th and due October 31st. Fourth quarter ends December 31st and due January 31st.
5. Am I required to have a business license if I am paying compensation tax?
-Only if the company is based in La Grange or if any persons is making money directly, in La Grange. Any employee that is working remotely from home is only required to pay the compensation tax.
6. How do I determine if my employees are working within the city limits of La Grange?
-The most reliable way is to contact the Code Enforcement office at City Hall to have them check and confirm local addresses.
7. Does Oldham County have a separate compensation tax from La Grange that I am also required to pay?
-No. The county does not have a compensation tax. The City of La Grange is the only compensation tax that is required to be paid.
8. Am I required to fill out an annual reconciliation form?
-No.
9. Is anyone exempt from the compensation tax?
-Yes. Any members of the Kentucky national guard, any precinct worker for election training or work at election booths, any persons being paid with a 1099.
