Sales and Use Taxes
Each state has different laws in relation to sales and use taxes. In the state of Arizona, we have what is called a Transaction Privilege Tax (TPT), which is a form of a sales tax. It is essentially a tax on the privilege to run your business in the state. While the state of Arizona generally collects this tax on behalf of counties and cities, from businesses themselves, there are cities and counties considered to be independent of this program. These municipalities have the ability to charge this tax directly to vendors in their jurisdiction. Phoenix, Scottsdale, and Chandler, Arizona fall into this category.
While most services are exempt from paying this type of tax, construction companies, landscapers, and other related businesses often offer services to the public that are considered taxable. These rules can differ from city to city and county to county and even the tax rate can vary. This can cause confusion for business owners and lead to incorrect amounts of taxes being paid. For those in need, we also offer Business Tax Consulting service.
Navigating Sales & Use Taxes
Our tax experts here at LBS Tax can help you adhere to the sales & use taxes in your city and county. We’ll show you what tax laws apply to you and your company and then assist you in complying with those laws. We make it a point to stay up to date on these tax changes to make sure that our clients are not caught off guard.
We are also here to help you with your delinquent taxes, business taxes, bookkeeping, and more!
Enjoy peace of mind when it comes to your financial health. Call us today at (480) 664-1249.