Get Ready for TPT Renewals The Arizona Department of Revenue (ADOR) plans to mail renewal letters to business owners this month advising them to renew their Arizona Transaction Privilege Tax (TPT) License before January 1. Penalties will apply to late renewals. Businesses are encouraged to update and verify their account information annually, and to prevent […]
Business Owners—Taking Money Out of a Business When taking money out of a business, transactions must be carefully structured to avoid unwanted tax consequences or damage to the business entity. Business owners should follow the advice of a tax professional to make sure financial transactions are controlled and do not cause unanticipated taxation or other […]
Arizona Tax Rate Look Up Resource This resource can be used to find the transaction privilege tax (TPT) rates for any location within the State of Arizona. Address to look up: The address a marketplace facilitator should look up will vary depending on whether the marketplace facilitator is located in or outside Arizona. For marketplace facilitators […]
Independence is a key concept in accounting, especially in the assurance or auditing area of accounting. Assurance services are services where a licensed CPA reviews an organization’s financial statements and accounting records and provides an opinion about them. This opinion takes the form of a report that can be shared with third parties such as […]
Divvy has studied the habits of resilient businesses to find out how they not only survive financial downturns—but make it out even stronger. Their field guide breaks it down into four actionable steps that your team can implement immediately: Balance value + innovation Discipline finances Prioritize customer-facing teams Stick to the essentials Is your business […]
