Category Archives: Sales Tax

City of Prescott Sales Tax Change

Starting January 1, 2018, the City of Prescott sales tax rate is increasing by 0.75%, to 2.75%. The combined retail sales tax rate for City of Prescott and State/County will be 9.1%. Rental properties will be at 2.75%, since they are not subject to tax by the State/County. This change does not affect any sales in Prescott Valley, Chino Valley or any other areas outside of Prescott.

 

You will need to update your software or invoice calculations to calculate the sales tax on sales starting January 1st. Please let us know if you need assistance making these adjustments or have any questions on the changes.

 

Schutte & Hilgendorf offers a broad range of professional accounting, tax, and audit services to individuals and businesses throughout Yavapai County and Northern Arizona.   With over 40 years combined certified public accounting experience, we specialize in providing services to numerous industry specific areas, including non-profit organizations, homeowner’s associations and construction contracting.  We also provide tax planning and preparation, sales tax and payroll tax return preparation, ongoing accounting/bookkeeping, live payroll, and QuickBooks setup and training (QuickBooks Proadvisors).  Given our small size, we can still provide a personal touch with professional expertise. Come in and see us anytime at 2086 Willow Creek Road, Prescott, Arizona or call us at 928-778-0079.


Prescott becomes a Program City for Arizona Sales Tax

All Prescott and other cities’ sales taxes will now be reported and paid through the State of Arizona.

Effective January 1, 2017, the Arizona Department of Revenue (ADOR) will become the single point of administration and collection of transaction privilege tax (TPT).  Your sales tax return that is due in February will be the first required return to be filed using the new method.  The link for details on the new requirements for reporting sales tax is:  https://www.azdor.gov/News/tabid/74/newsid530/732/Centralized-Licensing-and-Reporting-of-Transaction-Privilege-Tax-TPT-Begins-Jan-1/Default.aspx?utm_medium=email&utm_source=govdelivery

The Arizona licensing fee was due on January 1, 2017.  If you have not renewed your license, you should log onto the aztaxes.gov website and renew.  Information on how to do this may be found at this link:   https://www.azdor.gov/Portals/0/TPTSimplification/license_renewal_fs.pdf

The City of Prescott requires a business license and registration with the city in addition to the required registration with Arizona/Prescott for a sales tax license.  Additional information on this can be found at this webpage:

http://www.prescott-az.gov/business/license/

Residential & Commercial Rental owners have had their license information submitted to the State of Arizona by the City of Prescott for processing.  Owners will receive a letter from the State containing the new Arizona license number and instructions on how to obtain an online account.  Further information from the City of Prescott for commercial and residential landlords and how to register with the state can be found at:  http://www.prescott-az.gov/_d/residential_and_commercial_rental_tips.pdf

Additional information on licensing for Arizona can be found at:  https://www.azdor.gov/Business/LicensingGuide.aspx

 

For additional information, contact Schutte &  Hilgendorf at 928-778-0079

Schutte & Hilgendorf, CPAs offers a broad range of professional accounting, tax, and audit services to individuals and businesses throughout Yavapai County and Northern Arizona.   With over 40 years combined certified public accounting experience, we specialize in providing services to numerous industry specific areas, including non-profit organizations, homeowner’s associations and construction contracting.  We also provide tax planning and preparation, sales tax and payroll tax return preparation, ongoing accounting/bookkeeping, live payroll, and QuickBooks setup and training (QuickBooks Proadvisors).  Given our small size, we can still provide a personal touch with professional expertise. Come in and see us anytime at 2086 Willow Creek Road, Prescott, Arizona or call us at 928-778-0079.


2015 Arizona TPT Tax Simplification

Effective January 1, 2015, the Arizona Department of Revenue will collect all state, county and city sales taxes in Arizona. This means you will no longer be required to file a sales tax report with the City of Prescott. The Prescott sales tax will now be included on the ADOR sales tax form TPT-1. ADOR will also be improving their website for electronically filing of returns. In the coming months you should be receiving an updated TPT-1 form and notices concerning these changes.

Please contact us if you have any questions about these changes or use this link for the Arizona Department of Revenue’s website regarding these changes.

This tip brought to you by Schutte & Hilgendorf, PLLC, CPA’s, a Prescott firm serving the greater Yavapai County, providing audit, accounting, bookkeeping, tax preparation and planning, QuickBooks accounting and setup to individuals and businesses.

Contact us for a free initial consultation at (928) 778-0079.