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Does Your New York Office Qualify for Work From Home Tax Savings?

New York’s Unincorporated Business Tax (UBT) is calculated based on individual employees’ time spent in NYC. Stop overpaying taxes by collecting employees’ out-of-city time. 50% less time in the city may mean a 50% reduction in UBT owed.

Learn how to reduce your tax bill

The Experts Share How to Unlock Corporate Tax Savings

Today’s problem…

  • NYC UBT is an entity-level tax on partnerships, LLCs, and other unincorporated businesses
  • Imposed at 4% rate
  • For service providers: based on where services are performed
  • Pandemic has had a monstrous impact on state taxes, esp. in NYC

…is Tomorrow’s opportunity

  • If the individuals generating charges are located outside of NYC, the law allows you to execute from UBT apportionment
  • In other words, focus on the location where income-generating employees are
  • Ensure your organization has an battle-tested defense in case of audit

Download our NYC UBT One-pager to Explain How to Save More Now

Simple Math = Significant Savings

Calculate

Calculate appropriate taxes based on days worked in NYC

Monitor

See how much time individual employees spend in New York City

Save

Stop overpaying UBT and deliver significant savings

“Tax-savvy companies can potentially avoid millions in overpaid tax related to overreporting compensation for work done outside of large city limits. A technology platform that can identify work location with a high degree of accuracy combined with advanced taxation and domain knowledge can be a powerful combination to substantiate tax reductions.”

Steven Winter, Grant Thornton Tax Partner

Watch the On-Demand Webinar with Grant Thornton

View the on-demand webinar with Topia and Grant Thornton as we discuss the impact of remote work on asset management institutions and other professional services firms subject to the city’s Unincorporated Business Tax (UBT).

Watch Now

Hedge Funds and Private Equity Firms Can Save Big

Many New York City hedge-fund and private-equity partners are turning to technology to help them reduce Unincorporated Business Tax assessed on revenue earned by those who normally work in the city.

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