2016 Changes in Arizona Transaction Privilege Tax

With January 1, 2016 around the corner we would like to inform you of changes in Arizona transaction privilege taxes that will occur in the New Year.

One major element of the TPT Simplification laws that was supposed to occur on January 1, 2016 was that privilege taxes for all cities and towns were to be filed with and paid to the Arizona Department of Revenue. This was to include “non-program” cities such as Tucson and Phoenix,


Functional Expense Allocations

Non-profit organizations are required to report expenses by functional classification. The allocation of expenses is presented within the Statement of Activities or related notes to the financial statements. The functional expense reporting gives the donors more information about the types of programs and activities the organization has completed during the year to fulfill their mission.


The functional expense classifications are listed below:

  • Program Services – expenses relating to goods and services being distributed to beneficiaries,


2015 Arizona Charitable Tax Credits Reminder

It’s that time of year again! The end of the year is quickly approaching, and we encourage our clients, friends, and family to give to their favorite charities as a great tax-planning strategy. For many Arizona charities, your donation could equal a dollar-for-dollar Arizona tax credit, meaning it is of no additional cost to you to make these donations. But hurry! With the exception of the Public School and the School Tuition Organizations credits, all of these donations must be made by December 31,