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2018 KETTERING BUSINESS INCOME TAX RETURN GENERAL INFORMATION WHO MUST FILECCorporations: Corporations are required to file as entities on the net profit or loss derived from sales made, work done, services
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Step 1: Gather all relevant documents and information such as invoices, receipts, and financial statements.
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Step 2: Determine your gross income by adding up all the income you received from your business during the year.
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Step 3: Calculate your business expenses by deducting all the expenses you incurred while running your business.
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Step 4: Determine your net business income by subtracting your business expenses from your gross income.
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Any business owner or self-employed individual who generated income from their business activities during the year 2018 needs to fill out the 2018 Kettering business income form. This includes individuals who operated as sole proprietors, partnerships, or S-corporations.
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Kettering Business Income Tax is a tax imposed on municipalities within the City of Kettering, Ohio, on the net profits of businesses operating in the city.
Any business operating within Kettering that earns income is required to file the Kettering Business Income Tax, including corporations, partnerships, and sole proprietorships.
To fill out the Kettering Business Income Tax, businesses must complete the required tax forms (such as the Kettering Business Income Tax Return), report their net profits, and submit the forms to the Kettering Tax Department.
The purpose of the Kettering Business Income Tax is to generate revenue for the city, which is used to fund local services, infrastructure, and community programs.
Businesses must report their gross receipts, allowable deductions, net profits, and any estimated tax payments made during the year.
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