While our handy Tax Questionnaire is perfect for your federal taxes, your city and state taxes can be a bit more specific. With this in mind, we put together a few resources below for the most common California-specific taxes, namely:
- California Statement of Information
- San Francisco Gross Receipts and Payroll Expense Taxes
- San Francisco Business Property Statement Tax
Read through answers to the most common questions regarding this tax below, and reach out to your account manager for more detailed assistance.
Generally, this tax applies to all property owned or leased by your business except licensed vehicles, business inventory, intangible assets, or application software.
You must file a statement if:
- the Assessor’s Office has sent you a Notice of Requirement to File Form 571-L (click to view an example); or
- you have taxable business property with a total cost of $100,000 or more, located in the City San Francisco as of January 1st, even if the Assessor’s Office did not send, or request you to file a Business Property Statement.
Taxable business property includes any tangible property owned, claimed, used, possessed, managed or controlled in the conduct of trade or business. View the full list of taxable and exempt property in the Business Property Statement Manual prepared by the City of San Francisco Office of the Assessor-Recorder.
If you receive a Notice of Requirement to File Form 571-L (click to view an example), share it with your dedicated service team via inDinero's Client Uploads feature. From there, we can help you prepare this filing.
Even if you haven’t received this notice we’re happy to help investigate this with you. Reach out to your team through your dedicated inDinero email to let them know you are interested in engaging inDinero to handle this for you.
This unique filing is not included in typical engagements, please see your account manager for pricing information.
For other filings, consult our Tax Pricing Guide.
Compile the following information:
- Dates you acquired your relevant pieces of business property
- Locations of your business property
- Dates you disposed of any business property
- Total cost of your business property
Depending on how long you've been a client, a lot of the information needed to file your San Francisco Business Property Statement can be found within your inDinero dashboard:
Although the filing deadline is April 1st annually, we need your information by March 22, 2019 to ensure a timely and accurate filing. Not filing this statement can incur a penalty of up to 10% of the assessed value of your business property, so don’t drag your feet on this deadline.
Our comments may not contain a full description of all the facts or a complete exposition and analysis of all relevant authorities. Furthermore, the use of certain words such as “should, would, or will” is merely for grammatical convenience, is not intended to indicate a specific level of authority regarding a particular issue, and no explicit or implicit references should be taken there from. Our comments expressed herein are based upon the provisions of the Internal Revenue Code and Regulations in force on the date hereof, all proposed amendments to these Acts, Regulations and treaties publicly announced by the relevant authorities. Each and all of these authorities are subject to change at any time. Any such change could be given retroactive effect with respect to the transactions described herein and could cause the conclusions provided to become invalid, in whole or in part, with respect to any entity involved. There can be no assurance that these authorities will not disagree with, or challenge, the views set forth in this memorandum or that any such challenge will be unsuccessful.
Business Property Statement Manual, published by the City of San Francisco Office of the Assessor-Recorder.