New York City adds a tax layer most of the country never sees: a city income tax, the Unincorporated Business Tax, a corporate tax that ignores S corp elections, and the MCTMT. We plan with all of it in the math, for NYC business owners, freelancers and high earners.
Free · 15 minutes · No obligation
77days left
to lower your 2026 tax bill. After December 31, these stop counting for 2026:
Free · 15 minutes · No obligation
Tax planning in New York City means lowering your federal, New York State and New York City taxes together, before the year ends. City residents pay up to 3.876% in city income tax, and city businesses can owe the UBT or the General Corporation Tax on top.
3.078% to 3.876%
On top of federal and New York State tax, for everyone who lives in the five boroughs, on all of their income. People who only work in the city and live elsewhere do not pay it.
4%
Sole proprietors, freelancers and partnerships doing business in the city can owe the UBT. Exemptions and a small business credit reduce or remove it for many small businesses, and residents get a partial credit.
8.85%
The city does not recognize the S corporation election. S corps pay the General Corporation Tax on their city profit, which changes when an S corp is worth it inside the city.
0.60%
Self-employed New Yorkers owe the Metropolitan Commuter Transportation Mobility Tax on net earnings in the city once they pass $150,000 (the 2026 threshold, up from $50,000). Many freelancers who paid it last year will not owe it this year.
These sit on top of the federal planning everyone gets. For the full list of levers, see our tax planning services page.
Federally, an S corp can cut self-employment tax. In the city, it swaps the UBT (often reduced by credits for small businesses) for the General Corporation Tax. We model both before you file anything.
City partnerships, and S corps whose shareholders all pay NYC tax, can elect the city's 3.876% pass-through entity tax alongside the state PTET, paying city tax at the entity level and deducting it federally. The election for each year is due by March 15.
Leaving the city saves up to 3.876% a year, but only if the move is real and documented. Statutory residency (a home here plus more than 183 days) and domicile both get audited closely.
A solo 401(k) or SEP IRA takes income off the top at your full federal, state and city rate. For a Brooklyn freelancer at a 40%+ combined rate, every $10,000 contributed saves $4,000 or more.
RSUs and bonuses are often under-withheld. We project the tax on this year's vests, set estimates, and time sales across tax years where it helps.
New York municipal bonds are exempt from federal, New York State and New York City income tax for city residents, which is worth more here than almost anywhere.
Meetings by video, documents shared through a secure client portal, and the same planner every time. Most of our city clients never need to leave the borough.
Prefer to meet in person? Our office is at 75 South Broadway in White Plains, a short walk from the White Plains station, about 40 minutes from Grand Central on the Metro-North Harlem Line. Bronx clients can also see our Bronx page.
"Professional, knowledgeable, and always available when I have questions. They planned my business structure in a way that saved me thousands. A true partner for my business."
"As a small business owner, I needed reliable bookkeeping and tax planning. London's Tax Services keeps my books clean and my tax bill manageable. Highly recommend."
All three are ongoing tax planning, in person in White Plains or by video anywhere in New York. The difference is how often we look at your numbers with you, and how early you get to act on what we find.
Know your number early
Individuals, families and solo owners who want one clear plan for the year.
You find out what you will owe months before April, while you can still change it.
A check-in every quarter
Business owners making decisions all year who want backup on each one.
Nothing goes unchecked for more than three months, so the year stops surprising you.
A financial partner every month
Owners who want someone who knows their numbers in the business every month.
Cash, taxes and your own pay are planned before they move, not reconciled after.
| What you get | Silver | Gold | Platinum |
|---|---|---|---|
| Annual tax projection | |||
| Planning meetings | 1 a year | 4 a year | 12 a year |
| Email support | Unlimited | ||
| Entity review (LLC, S corp) | |||
| Quarterly estimated taxes worked out | |||
| Cash flow planning | |||
| Profit First coaching |
Every plan includes
Not sure which plan fits? Pricing depends on how complex your situation is, so we quote it on a free 15 minute call. We will recommend the smallest plan that pays for itself, or tell you if planning is not worth it for you yet.
Pick any open time. In 15 minutes you will know whether planning would pay for itself for you, with the city taxes counted.
Something else on your mind? Ask it on the free call, or phone us at (646) 917-7714.
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A 15 minute call now is worth more than any amount of work in April. Book it, and we will tell you exactly what is still possible for 2026.