Arizona Accounting Procedures
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How to fill out Accounting Procedures?
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FAQ
Arizona-based businesses should visit Business One Stop (B1S) if forming their business for the first time. Please note: New Business One Stop TPT licenses submissions will direct you to pay at AZTaxes.gov. TPT filings, payments, and renewals are only available at AZTaxes.gov at this time.
Accounting Credit The State of Arizona allows a credit for accounting and reporting expenses which results in a reduction of the amount of state tax owed. The accounting credit is applicable only to the state's transaction privilege tax and/or severance tax.
If a business is selling a product or engaging in a service subject to TPT, that business will likely need a license from the Arizona Department of Revenue (ADOR) and a TPT, or business/occupational license, from the city or cities in which the business has a base or operation.
Filing an Arizona TPT return is a two-step process comprised of submitting the required sales data (filing a return) and remitting the tax dollars (if any) to the ADOR. The filing process forces you to detail your total sales in the state, the amount of TPT due, and the location of each sale.
Arizona transaction privilege tax (TPT), commonly referred to as a sales tax, is a tax on vendors for the privilege of doing business in the state. Various business activities are subject to transaction privilege tax and must be licensed.
