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:
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.