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100k is pretty easy to hit with 75-100 employees. 100 desks, chairs, and computers is going to be at least that much. hopefully you don't have meeting rooms, pr
by ryathal 5y ago
100k is pretty easy to hit with 75-100 employees. 100 desks, chairs, and computers is going to be at least that much. hopefully you don't have meeting rooms, printers/copiers, a waiting area, a break room with fridge/microwave/coffee/table/chairs...
- robomartin 5y agoHe is wrong. The tax applies above and below $100K. The process is a bit different on each side of that threshold. https://assessor.lacounty.gov/personal-property-assessments-2/ https://assessor.lacounty.gov/personal-property-assessments-... From the page: "businesses with personal property and fixtures that cost less than $100,000 are not required to file a Business Property Statement annually. Instead, a value is established based on an initial Business Property Statement filing or by an on-site appraisal. That value may be adjusted by subsequent annual on-site appraisals." You pay this amount annually so long as you didn't buy anything new. They can show-up and do an on-site appraisal and get you if you under reported.