(A) The fee shall be due and payable quarterly based upon the annual gross income reportable for federal income tax purposes and net income from tie operation of a business or enterprise of activity similarly after deduction of all costs and expenses incurred in the conduct thereof. The dates when report and remittance shall be due the city shall be thus: April 15, July 15, October 15 and January 31 each year. The report of April 15 of each year shall include a true and complete copy of the business schedule C and/or corporate return and/or K-1, 1099 and/or W-2s.
(B) The fee shall be on forms provided by the office of the City Clerk/Treasurer with the duty that each employee, person, trade, occupation, profession, business or activity shall obtain and use the form for the report. The concluding fourth quarter report of each year shall contain a comprehensive statement or copy of the entire annual income which would coincide with the income reported for federal income tax purposes, as an easy reference for compliance.
(C) Where the entire earnings for the year are paid by one and the same employer and the license fee has in each instance been withheld or deducted by the employer from the gross amount of compensation to the employee without adjustment for expenses, it shall not be necessary for the employee to file a return unless required or requested to do so by the Director of Finance.
(D) If a licensee shall terminate his or her business or employment for which the licence fee has not been withheld or paid, the proper return shall be filed and the fee paid within 135 days after the termination of the business or employment.
(E) It is the duty of each employer, who employs one or more persons, to deduct monthly or more often as the employee may be paid, the license fee due by the employer to the employee. The mere fact such fee is not deducted and/or remitted by employer does not relieve the employee of responsibility for compliance. A nonresident employer is similarly obligated to comply.
(Prior Code, § 110.04)