Do you have out of pocket expenses for work? If your employer does not reimburse you for those expenses, there is a possible tax benefit from paying them out of your pocket. You may be able to deduct some of those expenses on Schedule A of your 1040. Some common examples of expenses you can deduct are dues to professional societies, uniforms, and travel expenses. Before you can deduct any of those expenses, you need to answer “yes” to these 4 questions:
A bill signed by Arizona Governor Jan Brewer in June 2013 to reform Arizona sales tax law includes a substantial change to the way construction contractors will pay sales taxes beginning January 1, 2015.
While the new law has been touted by many as simplification, the Arizona Department of Revenue has done very little to inform construction contractors how the law will affect the way they do business.
Under current law,
Arizona business owners, are you tired of filing multiple forms to report your transaction privilege tax (TPT) each month? If so, you are in luck. With the enactment of HB 2111, effective January 1, 2015, there will be one form on which you report your sales and use taxes, and one payment to remit your tax liabilities for all counties and cities in Arizona. You will no longer have to file up to nineteen separate reports each month.