Jan 25, 2015 | Business Taxes, Filing Taxes, Sales & Use Tax
The issue of use tax in Arizona is divisive, as it typically refers to online retailers and their out-of-state sales. It can be almost impossible to keep track of all receipts, and record keeping is a nightmare. At present, there is a definite possibility of use tax...
Jan 24, 2015 | Business Taxes, Filing Taxes, Sales & Use Tax
A business is responsible for collecting and remitting all applicable state taxes if it has a physical presence within the state of Arizona, such as:A physical storeA warehouseAn officeA sales representativeAdditionally, an out-of-state seller is required to collect...
Jan 15, 2015 | Arizona Individual Tax Credits, Business Taxes, Filing Taxes, Tax Reporting
Retailers in the state of Arizona have to collect a sales tax of 5.6 percent on all goods and services sold. However, this is only the beginning, as the issue of sales tax is notoriously complex and can create headaches for even the most conscientious business owners....
Dec 29, 2014 | Business Taxes, Filing Taxes
The Federal Insurance Contributions Act (FICA) tax is comprised of Social Security and Medicare taxes, totaling 15.3 percent. Both employer and employee pay the 6.2 percent Social Security and 1.45 percent Medicare taxes. As we mentioned above, those earning more than...
Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return, Tax Reporting
Tax Mistake If you make a mistake on your information return, you need to file for a correction as soon as possible. You will need to read more on amending mistakes at the IRS website. Alternatively, you can get in touch with an accountant today and ask for advice....
Dec 5, 2014 | Business Taxes, Filing Taxes, Information Return, Tax Reporting
If you believe you will be late when it comes to filing your information return, ask for a 30-day extension by submitting Form 8809. You can also make the request in writing to the IRS office in Kearneysville, West Virginia. Get Professional Accounting Help! For...
