Every entity conducting business in the City of Ashland for a profit is required to file a Net Profit Return at a rate of 2%.  The Business Privilege License payment can be taken as a credit on the Net Profit Return.  A copy of the federal return must accompany the completed Net Profit Return.  The Net Profit Return is due on the 15th day of the fourth month following the close of the year (April 15th for calendar year filers).  If a business files a federal extension, they will need to submit a copy of the federal extension, along with a 90% estimated payment by the federal due date (April 15th for calendar year filers).  The account must be in compliance for an extension to be granted.