ICYMI: DC launched new B.O.S.S. platform to streamline business & license registrations –>

From the release announcement:

August marks a long‑awaited milestone for the Department of Licensing and Consumer Protection (DLCP) as we proudly welcome BOSS, our new platform designed to make business registration and licensing easier, faster, and more intuitive. We’ve been working hard to build a modern system that meets the needs of our business community, and we are excited to share it with you.

And from the recent update via DC DLCP’s October email:

Within the first five weeks of operation, BOSS showed substantial gains compared to the legacy system: Nearly 60% of all new licenses are now approved in less than one business day // Nearly 40% fewer applications returned to customers // Nearly 80% reduction in average days to approve.

So next time you’re looking to register a business in DC, obtain or renew a license, or related – be sure to check the new capabilities of the BOSS platform and/or let our Business Design Team assist you.

UPDATE on DC tax law snafu: The President signed the Congressional Joint Resolution overturning DC Council’s de-coupling from certain provisions of the OBBBA

What’s next? – DC hasn’t released a response since the signing, but indications are that we’re looking at least months for DC’s tax forms and systems to be re-written. In a letter written by the DC CFO prior to the Congressional vote, he indicated the DC tax filing season could even find itself extended into the fall.

We’ll continue to monitor updates as they’re available, but it seems pretty safe to say that DC returns will not be following a normal April 15 filing pattern this year.

Starting a small business in DC?

DC’s Department of Licensing & Consumer Protection (DLCP) has released a new 4-step guide to make sure you get off the ground smoothly – Check out the graphic below, and let our team know if any questions!

DC licensing is about to get a whole lot easier ->

The DC Department of Labor & Consumer Protection (DLCP) is in the process of:

• Consolidating more than 100 business license categories into just 11,
• Introducing a revenue-based fee structure, &
• Lowering upfront licensing costs
• Making it easier for new businesses to get started and for established ones to stay compliant.

It’s all part of the BEST Act passed in 2023 and starting to take effect, so look for the continued rollout of the new changes!

Be sure to check out our latest blog post “Tools & Checklists for 2024 Small Business & Individual Tax Returns” –>

You’ll find loads of helpful resources all in one place, including:

• Book closing checklist
• Pre-Tax Interview checklists
• Links to pay income taxes online
• Links to lookup status of your tax refund
• Our tax preparation cut-off dates
• Links to latest tax developments
• And more!

A very handy compilation of resources indeed. 👍

Do you do business in DC? Then you almost certainly need a MyTaxDC login to take care of key compliance steps like personal property tax filings, franchise tax estimated payments, & more.

How do you get a MyTaxDC login? Check out this guide from DC on how to sign up.

(Added Bonus: If you add our firm as an authorized third-party, we can then assist you with those filings as well!) :)