Occupational Tax Licenses (business licenses) and specialty licenses must be renewed and required fees paid on an annual basis no later than January 1. Renewal forms can be downloaded from the Applications & Forms page linked below.
RENEWAL FORMSYou will need to calculate your renewal fee based on the type of business that you are classified by your NAICS code and the Gross Receipts Calculator below. First, look up your business class list using the first four digits of your NAICS code using the table 2.4.1A starting on page 12. This information is needed to input into the calculator.
Business Class ListThe gross receipts calculator is an excel file that will download to your computer. Please contact our office for assistance in calculating your fee if you do not have access to excel.
GROSS RECEIPTS CALCULATOR
**Please be prepared to submit proof of gross receipts for proper tax calculation fee amount. All businesses that apply for a new business license will need to estimate their gross receipts for a year period for proper tax calculation. ** (Acceptable documentation: Tax returns showing line item 1c, Profit & Loss Report, company generated gross receipt report or a letter from the company CPA)
Where can I find my NAICS code?
If you are applying for your business license for the first time, you can visit www.naics.com/search/ to find one that best applies to your business. If you already have a business license, it is located on the third line of the left hand side of the license. See the image below for the location.
How can I pay for the license?
Payment for the license may be submitted in person by check, Visa, MasterCard, Discover or cash. If you choose to email your renewal or new application you must include the credit card authorization form.
How / When do I renew my business license?
Business Licenses expire on December 31st of each year. In October, we will send out renewal letters with all information required for renewal. The renewal application can be filled out and submitted with payment via email, mail, or in person in our office.
How do I calculate my renewal tax?
The necessary tax is dependent on the type of license you hold. The breakdown of taxes are as follows:
• Home Occupation License - $60.00
• Professional License - $300.00 per practitioner per location
• Insurance Agency - $75.00
• Standard Occupation License - This tax is based on the gross receipt amount of the business. You will need to determine your business class number from Table 2.4.1A on the City of Woodstock Fee Schedule Section 2.4. After determining your business class number, you will use the appropriate factor from Table 2.4.1B. In addition to this, there will be a final multiplier determined by the gross receipt bracket on Table 2.4.1C. Once you have all of these numbers for your business, follow the example below for proper calculation.
Ex: Business A has NAICS code 453998 and a Gross Receipt amount of $350,000.00. Business A is placed into Class 1 according to Table 2.4.1A and will therefore use a factor of .00030 according to Table 2.4.1B. Business A will assess a final multiplier of 1.05 according to Table 2.4.1C. This amount is added to the administration fee of $30.00. The occupational tax due is:
($350,000.00 x .00030) x 1.05 = $110.25 + $30.00 = $140.25
***For your convenience, you may also use the Gross Receipts Calculator at the top of this page.***
