Define Fillable Fields In Legal Arizona Small Business Forms For Free

Individuals can find all tax forms and instructions on the ADOR website or visit our local offices. Please note that the Arizona tax package and Arizona Booklet X Volumes 1, 2, and 3 are now available to download from our website. Taxpayers can also find fillable and non-fillable tax forms online.

Although commonly referred to as a sales tax, the Arizona transaction privilege tax (TPT) is actually a tax on a vendor for the privilege of doing business in the state. Various business activities are subject to transaction privilege tax and must be licensed.

The average tax rate for small businesses is around 20%, but this figure can fluctuate notably depending on your state, business structure, income, expenses, and deductions. Let's break down how each of these factors can impact small business tax calculations.

140X-SBI. Small Business Amended Income Tax Return For Forms 140-SBI, 140NR-SBI and 140PY-SBI. Small Business Income Forms. 204-SBI. Extension Payment Small Business Income Tax Returns Only.

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 has a 4.90 percent corporate income tax rate, a 5.60 percent state sales tax rate, a max local sales tax rate of 5.30 percent, and a 8.37 percent combined state and local sales tax rate. Arizona's tax system ranks 19th overall on our 2023 State Business Tax Climate Index.