New York City Business Tax Services
- Home
- Business Tax Services
Business Tax Services
New York City businesses can face tax requirements at the federal, New York State, and New York City levels. Choosing the right business structure and managing these obligations requires looking at all three layers together. Our NYC business tax services help corporations, S corporations, partnerships, LLCs, and other businesses understand their city tax obligations, prepare required filings, and plan ahead.
NYC General Corporation Tax — GCT
The New York City General Corporation Tax (GCT) generally applies to corporations that are subject to the city’s corporate tax rules for applicable tax periods and circumstances. We review your business activities and filing history to determine the appropriate NYC tax treatment and filing requirements.
NYC Business Corporation Tax — BCT
The NYC Business Corporation Tax (BCT) generally applies to corporations other than federal S corporations that are subject to New York City’s business corporation tax rules. We assist with NYC Business Corporation Tax compliance, including applicable tax calculations, deductions, credits, and filing requirements.
NYC Unincorporated Business Tax — UBT
Businesses operating in NYC without being organized as corporations may have Unincorporated Business Tax (UBT) obligations. Partnerships, LLCs, and other unincorporated businesses may need to file NYC UBT returns depending on their activities and circumstances.
We review your business structure and NYC activities to determine whether UBT applies and help prepare the appropriate filings.
NYC Pass-Through Entity Tax — NYC PTET
Eligible partnerships and S corporations may be able to elect into the New York City Pass-Through Entity Tax (NYC PTET). The election and related requirements need to be considered alongside New York State PTET and the owners’ individual tax situations.
We evaluate eligibility, elections, payments, and applicable NYC PTET reporting as part of your overall business tax planning.
NYC Taxation of S Corporations
One of the most important NYC tax considerations for S corporations is that New York City does not simply follow the federal or New York State S corporation election.
A corporation may be treated as an S corporation federally and by New York State while still being subject to New York City corporate taxation. Federal S corporations doing business in NYC can generally be subject to the NYC General Corporation Tax (GCT) rather than receiving the same S corporation treatment available under New York State law.
This distinction makes NYC tax planning especially important for S corporation owners operating in New York City.
Federal + New York State + New York City Tax Planning
Business entity selection should not be based solely on federal taxation. An LLC, S corporation, partnership, or C corporation can have very different tax consequences when federal, New York State, and New York City taxes are considered together.
We evaluate the interaction between:
- Federal business taxation
- New York State corporation and pass-through taxes
- NYC GCT or BCT
- NYC UBT
- NYC PTET
- Owner-level taxation
- Business income and apportionment
- Multi-state activities
NYC Business Tax Compliance & Planning
Our NYC business tax services are designed to help you understand your tax obligations before filing deadlines arrive. Whether you need help with a corporate tax return, UBT, PTET, S corporation taxation, or business structure planning, we consider the full federal, New York State, and New York City tax picture.