The Los Angeles City Council has introduced a Business Tax Relief Program to support businesses impacted by the recent wildfires. If your business location was destroyed, including home-based businesses, you will not be required to renew your business license or pay the business license tax for 2025.

Key details:
✔ Businesses destroyed by wildfires will be deemed terminated as of Dec. 31, 2024, with no 2025 tax obligation.
✔ When reopening, businesses must re-register as new.
✔ Severely disrupted businesses (45+ days of disruption) may also qualify for relief.
✔ Automatic tax filing extensions granted for businesses in ZIP codes 90049, 90272, and 90402 until April 14, 2025.

⏳ Deadline to apply for relief: April 14, 2025
Apply here: Home | Los Angeles Office of Finance

📌 Located outside the wildfire zones but also suffered business interruption as a direct result of the fires? You may still be eligible for an extension. To qualify, submit a written request with reasonable proof by February 28, 2025, to the Office of Finance: Wildfire Business Tax Filing Extension | Los Angeles Office of Finance

📍 Need more details? Visit the FAQ page for additional guidance: Business Tax Relief FAQ

If your business has been impacted, we encourage you to explore this critical tax relief program. Our Ascend Advisors team is here to help you understand and navigate the application process. Please reach out at any time.