Tag 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.


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.