PHILADELPHIA, PA — In a bid to support the city’s small business community, the Department of Commerce in Philadelphia has announced a new initiative offering free tax services through its Business Technical Assistance Program (BTAP). The program is designed to assist low-to-moderate income businesses that are registered and licensed with the City of Philadelphia.
The BTAP program, which represents a potential lifeline for eligible businesses, partners with professional accounting firms to provide vital tax-related services. However, the number of assistance slots available through this service during the tax season is limited, making early application crucial.
Among the services offered through the BTAP program are business tax preparation, bookkeeping, and general accounting services – all essential elements for maintaining financial health and regulatory compliance. These services can be particularly beneficial for smaller businesses, which often operate with lean budgets and limited resources.
To apply for these services, interested business owners must fill out an interest form. If their business meets the eligibility criteria, the Department of Commerce will reach out to them. The launch of this program underscores the city’s commitment to fostering a robust and vibrant small business ecosystem.
While the provision of free tax services is a significant boon, it’s just one piece of a broader suite of resources, programs, and services offered by the Department of Commerce. The department continues to assist local businesses in various ways, aiming to ensure they not only survive but thrive in Philadelphia.
This initiative comes at a critical time for small businesses, many of which have faced unprecedented challenges over the past year. By offering free tax services, the Department of Commerce is taking proactive steps to ease some of the burdens on these businesses, enabling them to focus on growth and innovation.
For small businesses in Philadelphia, the BTAP program represents a valuable opportunity. With limited spots available, business owners are encouraged to seize this chance to access professional tax services – a move that could make a significant difference in their operations and bottom line. For any questions about this service, business owners can reach out to Liam Kelly Fleming at liam.kellyfleming@phila.gov.
In a city known for its entrepreneurial spirit, initiatives like the BTAP program play a crucial role in maintaining Philadelphia’s vibrant business landscape. As the city continues to bounce back from recent economic disruptions, such support will be key to ensuring a sustainable recovery for Philadelphia’s small businesses.
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