Jump Start Philly is designed to attract new businesses and entrepreneurs that create jobs to Philadelphia by exempting them from paying the Net Profits Tax and the Business Income and Receipts Tax, formerly the Business Privilege Tax, during the first two years of operations. Additionally, fees will be waived for eligible new businesses for a variety of licenses and registrations, including the Commercial Activity License, formerly the Business Privilege License.
All businesses are still required to apply for applicable licenses, but eligible new businesses pay no fee. To qualify for this exemption, your business must meet certain requirements.
For qualifying new businesses, exempt license fees include:
Food establishment license
Sidewalk café license
Curb market license
Street vendor license
Sidewalk sales license
Center City vending license
Neighborhood vending license
Handbill distribution license
Weights and measures registration
Waste collection and recycling licenses
Auto repair shop license or permit
Hazardous chemical license or permit
To qualify as a “New Business” for these exemptions:
The business must be a “New Business.” A New Business is a business that was not subject to Philadelphia business taxes at any time during the five Tax Years prior to starting business activity within Philadelphia.
The New Business must file with the Department of Revenue a New Business Waiver Application. This application is wrapped into the online process of registering for the Business Income and Receipts Tax, and within the paper application for the Commercial Activity License.
To maintain “New Business” status:
The New Business must have at least three full-time employees, who are not family members and who work in Philadelphia at least 60% of the time, by the first 12 months of the business and continuously through the 18-month anniversary of becoming a new business, and
Have at least six full-time employees, who are not family members and who work in the City at least 60% of the time from the 18 month anniversary of the business continuously through to the 24-month anniversary of operations.
A family member is defined as: a parent, spouse, life partner, child, sibling or relative-in-law
Note: If the Department of Revenue finds that a taxpayer claiming the status of a New Business was not entitled to that status after the fact, the taxpayer shall be liable for any unpaid taxes, interest, fees and charges that would otherwise have been due.
Exclusions, the term “New Business” does not include:
A business affiliated with or sharing substantial ownership or control with a business that has filed a business privilege tax return
A business created through an ownership change of a business that has filed a business privilege tax return, including, but not limited to:
A merger, acquisition or reorganization
The transfer of an existing business to a person who maintains the same or substantially similar business
And the closing of an existing business and its subsequent reopening as the same or similar business
A business formed for the purpose of evading or avoiding payment of taxes or fees
A business primarily engaged in holding, selling, leasing, transferring, managing or developing real estate
For Business Income and Receipts Tax information – Department of Revenue: Phone: 215-686-6600 Email
I’ve had to take some time to process all that has transpired this past week. The emotions, the traumatic videos, the grief, the worry and the racist actions and comments on social media all weigh heavy on me and my family. I am a black woman, the mother of a black son and daughter and George Floyd and Breonna Taylor’s murders are my worse nightmare. It is even more terrifying than a nightmare because the probability of it coming true is greater for my children than those who identify white in this country. We are not only tired of the racism and inequalities we experience on a regular basis, the numerous videos of police and random citizens disrespecting black bodies, but we’re tired of feeling that we have to walk around in a world, constantly on eggshells among people who do not cherish us.
So, I’m not here to only write a letter of solidarity, but also of appreciation for my clients who continue to support MT Austin and Associates. Whether you patronize this business specifically because it is a 100% woman and black owned company, or irregardless of that fact, I appreciate your patience this past week as I took time to just be with my family, to step away from the fear, the sadness, the trauma and the heaviness of it all to find some moments of peace. I love seeing the voice of people all over the world speaking out against the injustices and demanding change and I applaud every act of protest seen and unseen.
Stay tuned as we plan to offer a few of our more popular classes and financial wellness webinars for FREE in order to support our clients as you recover from the COVID19 pandemic. Please visit, like and get notifications from our RESTORATION STATION FACEBOOK PAGE to be the first to know about the dates and classes we’re offering.
Until the next newsletter, stay safe, practice physical distancing, wear your masks and practice radical self care!
In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people. Under a settlement filed today, Equifax agreed to spend up to $425 million to help people affected by the data breach. If you were affected by the Equifax breach, you can’t file a claim just yet. That’s coming. But you can sign up for FTC email alerts about the settlement at ftc.gov/Equifax.
We like to keep our community informed. You can find more information about credit and money management on our Restoration Station Facebook page.
What good is a budget if you have not first uncovered the reasons behind your frustration and struggle with savings and spending?
Do you want to understand and change your money mindset?
Join M Tonita Austin, the Wealth Activator for a two part money management series at an intimate and judgement-free environment at our Media office.
ONLY 10 seats for this intimate, hands-on event.
In the first session Tonita will teach you holistic tools and rituals, meditations and through journal writing help you discover your money mindset. The goal is to help you understand personal blockages to abundance and wealth in all areas of your life.
The second session, two weeks later will provide you with practical tips and tools for money management and the opportunity to get answers to questions about your personal finances. In the two hour session you will:
learn new savings and spending habits
secret tips to balancing your budget and bank account,
understanding and restoring your credit
learn how to calculate your net worth
feel empowered and leave with tools to help you get on the road to financial stability and wellness
gain confidence and peace of mind around money
All attendees will receive a workbook for the second session and there is an option to pay in two installments. This is the only time this workshop will be offered at this price point.
Happy July! MT Austin and Associates, LLC is offering a series of business and personal financial wellness workshops this month. The first is Budgets and Projections. As a business owner or Director of a non profit now is the time to start planning for a sustainable future. This is the only time this workshop will be offered at this price.
Please check out our page or calendar for more details
Join me and fellow business owners in releasing the financial frustration of owning your own business. We will gather in an intimate setting, release judgement and fear and be empowered and educated! Come as you are and I will share my 18 years of CEO wisdom to help you with:
Smart decision making
Making a profit in your business
We respect the need to budget so we are announcing in plenty of time to save or request a payment plan.
Sunday May 19th will be a special day of wealth, wisdom, and empowerment. here’s the link for more information and to sign up.
Let today be your first step towards financial freedom! Announcing our FIRST Webinar for individuals offered by our financialliteracy division, The Restoration Station on July 22nd.
We understand you’re as busy as we are so we’re delivering the online lesson in three 25 minute sessions. Easily digestible, stepbystep instructions on how to set up your own household budget.
You will receive a separate electronic worksheet for you and any children in your household to apply the tools you will learn in the class. You will also be invited to the follow up Q&A on #Facebook and #instagram #live!
Sign up today to secure your spot!⤵️
This is the only time this class will be offered at the introductory price. Sign up and let us help you get on the train to financial freedom. I’ll see you at the station!💙 #thekeytowealth #firststeps to #financialhealth