| Occuaptional License Fees
All
businesses are required to submit a Business License Reconciliation
form within 105 days of each year ending April 15th. In order to
receive a filing extension for the Business License Reconciliation, you
must submit a copy of the Federal Request for Extension, along with
your estimated fee payment (which is the amount due after deducting
your minimum $100 or $50 license fee payment).
PLEASE
NOTE - JUST A FRIENDLY REMINDER - Business License expires on December
31st of each year, and is payable on or before January 31st. After
which time a penalty will be charged. When making payment, please note
any corrections or change of address. The City of Franklin requires
that your Business License be posted in a public area within the
premises of the business.
All
businesses are required to submit an Occupational License Fee of 1% of
gross wages paid employees for services within the City of Franklin
each year. This is for working within the City limits, and must be paid
regardless of place of residence. Withholdings should be for all
taxable federal wages with a few exemptions as outlined in Ordinance
220.10-6-92 and subsequent amendments. The following money receipts are
not deemed to be "salaries, wages, commission, and other compensations"
within our ordinance, and are not subject to the 1% Occupational
License Fee: old age or retirement payments; disability, sickness,
accident benefits, and unemployment compensation; death benefits
arising under the Workers' Compensation Act; and wages, bonuses,
salaries, or incentive payments to the extent that said payments exceed
the Federal Social Security withholding limit. Payments for should be
submitted along with the Quarterly Return of Occupational License Fee
form by the last day of the month, following the end of each quarter.
If you need additional forms, please call and they can be mailed to
you.
As
usual, by January 31st, each organization must file with the City the
name and address of each employee and the amount of salaries, wages,
commissions, or other compensations earned during each year (computer
printouts or copies of W2's and 1099's are acceptable). If you have any
questions, or need additional information, you may contact Mandy
Cassady from 8:00 a.m. to 4:30 p.m. CST Monday through Friday at
270-586-4497.
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