UPDATE - May 29, 2014
BOMA San Francisco Members:
The recent BOMA San Francisco organized Gross Receipts Tax luncheon was quite informative. Thank you to our guests, Manny Fishman, attorney at law with the firm of Buchalter Nemer, along with Greg Kato, Policy and Legislative Manager with the San Francisco Treasurer's Office.
Resources mentioned during the event:
- A video that explains the Gross Receipts Tax;
- Gross Receipts Tax Worksheet
- Changes to the Business Registration Fee structure - due before May 31, 2014:
San Francisco's newly enacted Gross Receipts Tax (GRT) requires that building owners and managers keep detailed records of rents, operating expenses, taxes, and other revenues and costs associated with the ownership and operation of office properties and other business ventures. Investors in and syndicators of real estate doing business in San Francisco have reporting obligations as well.