Bellevue Small Business Tax Information
The City of Bellevue levies and collects the Business and Occupation (B&O) tax. Businesses “engaging in business activities” within the City of Bellevue are required to obtain a Bellevue business license and pay the B&O tax whether or not a place of business is maintained within the city limit. Bellevue general business licenses are valid for the life of the business.
Bellevue businesses are required to file the Multi-Purpose Tax Returns on a quarterly basis, and pay the B&O tax with the returns. The returns are due on the last day of the next month after the period covered by the return. For example, tax returns covering the 4th quarter of 2011 are due on January 31, 2012.
The gross receipts B&O tax is based on gross receipts for the reporting period. Most businesses will report under this category. The current tax rate is 0.1496% of taxable gross receipts, in all classifications.
The square footage B&O tax applies to businesses that maintain headquarters, offices, facilities, or other support groups in Bellevue where all or portion of the office activities does not generate revenue taxable under the gross receipts B&O tax. The square footage B&O tax is based on the taxable floor area of office space computed to the nearest square foot. The current tax rate is $0.2318 per taxable square foot per quarter.
Businesses with annual taxable gross receipts of $150,000 or less (and taxable square footage of 250 square feet or less) are exempt from paying the Bellevue B&O tax in 2012. No tax return is due if a business is placed on a non-filing status and is below Bellevue’s tax exemption levels.
As your CPAs, we would be happy to help you with your Bellevue tax filings.
Call Huddleston Tax CPAs at 206-310-8363 for an appointment with one of our experienced local Seattle/Bellevue CPAs.
You can also visit our Local Bellevue webpage at Bellevue CPAs and Tax Accountants