If you prefer to file by mail (instead of online), you’ll need to:
- Visit the Arkansas Secretary of State: Franchise Tax / Annual Reports
- Scroll down to the table at the bottom of the page
- Look for “Limited Liability Company” and click “PDF” under the corresponding year
- Complete the PDF form
- Pay by check or money order ($150)
- Make payable to “Arkansas Secretary of State”
Full Answer
Which states have franchise tax?
The states that currently have franchise taxes are:
- Alabama
- Arkansas
- Delaware
- Georgia
- Illinois
- Louisiana
- Mississippi
- Missouri
- New York
- North Carolina
How to file and pay sales tax in Arkansas?
- Taxpayer is registered with the state for the type of tax that is being transmitted and has been issued an account ID.
- Tax payment is transmitted in the format required by Arkansas.
- Tax payment is transmitted with the correct tax type code for the specific type of tax being paid.
Can I pay the Franchise Tax Board online?
Use Web Pay to pay your taxes online from your bank account. No registration required. Pay today or schedule payments up to one year in advance. Consequently, does Franchise Tax Board take credit cards?
Are services taxable in Arkansas?
While Arkansas' sales tax generally applies to most transactions, certain items have special treatment in many states when it comes to sales taxes. This page describes the taxability of services in Arkansas, including janitorial services and transportation services. To learn more, see a full list of taxable and tax-exempt items in Arkansas .
What is an ATAP in Arkansas?
What is ATAP tax?
About this website
How do I pay my business taxes in Arkansas?
New users sign up at www.atap.arkansas.gov or click on the ATAP link on our web site www.dfa.arkansas.gov. ATAP is a web-based service that allows taxpayers, or their designated representative, online access to their tax accounts and related information.
Does an LLC pay franchise tax in Arkansas?
A.C.A. § 26-54-101 et al., also known as the “Arkansas Corporate Franchise Tax Act of 1979”, requires all Corporations, LLC's, Banks, and Insurance Companies registered in Arkansas to pay an annual franchise tax.
How much is the annual franchise tax in Arkansas?
$150Corporate Franchise TaxFranchise Tax TypeCurrent RateCorporation/Bank without Stock$300Limited Liability Company$150Insurance Corporation Legal Reserve Mutual, Assets Less Than $100 million$300Insurance Corporation Legal Reserve Mutual, Assets Greater Than $100 million$4005 more rows
How do franchise owners pay taxes?
There are usually two major tax kinds that franchise owners are required to pay. The first would be the franchise, and the other is the run of the mill federal/state income. Both are usually assessed on a yearly basis, and if you fail to remit, your business risk being delisted from doing business in the said state.
What happens if you don't pay franchise tax Arkansas?
If you don't pay your Arkansas Franchise Tax for three years, your LLC will enter revoked status.
How is Arkansas franchise tax calculated?
Arkansas LLCs and corporations without stock will pay a fixed amount for their franchise tax. Corporations with stock, however, will pay 0.3% of their total outstanding capital stock OR $150 – whichever is greater.
How much are LLC taxes in Arkansas?
All LLCs operating in Arkansas must file an annual report and pay a flat-rate tax of $150 each year. The $150 tax and the annual report together are known as the Annual LLC Franchise Tax Report.
How much does it cost to form an LLC in Arkansas?
a $45How much does it cost to form an LLC in Arkansas? The Arkansas Secretary of State charges a $45 fee to file the Articles of Organization online and $50 if filed by mail. You can reserve your LLC name with the Arkansas SOS for $25 if filed by mail or $22.50 if filed online.
Does Arkansas have an annual report?
In the state of Arkansas, every business entity is required to complete an annual report filing. Arkansas requires that you file by May 1st of each year, otherwise you may fall into noncompliance and face fees and penalties.
Is franchise tax same as income tax?
Franchise taxes do not replace federal and state income taxes, so it's not an income tax. These are levies that are paid in addition to income taxes. They are usually paid annually at the same time other taxes are due. The amount of franchise tax can differ greatly depending on the tax rules within each state.
How do franchise owners pay themselves?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity. The latter is usually only an option for limited liability corporations (LLC), S corporations, sole proprietorships and partnerships.
Why did I receive a franchise tax?
Franchise taxes are what states charge businesses for the "privilege" of doing business in their state.
What taxes does an LLC pay in Arkansas?
Arkansas Business Taxes LLCs have to file a Partnership Tax Return with the Arkansas Department of Finance and Administration. Members must file the appropriate individual income tax form and pay income taxes from 2.4% to 7%. Corporations pay a tax rate of 1% to 6.5% on net taxable income.
Does Arkansas have franchise tax?
Arkansas state law requires all Corporations, LLCs, Banks, and Insurance Companies registered in Arkansas to pay an annual franchise tax. Failure to pay can result in the imposition of additional fees, penalties and interest, or even revocation of the authorization to do business.
Do you have to file an annual report for an LLC in Arkansas?
The State of Arkansas requires you to file an annual franchise tax report for your LLC. The report is associated with the state's franchise tax that applies to most LLCs. The tax, payable to the Secretary of State, is $150.
Does Arkansas have self employment tax?
The current self-employment tax rate is 15.3 percent. You'll be able to deduct some of your business expenses from your income when calculating how much self-employment tax you owe.
Sales and Use Tax - Department of Finance and Administration
Home Excise Tax Sales and Use Tax Sales and Use Tax Forms. Sales and Use Tax Forms. The Arkansas Sales and Use Tax Section does not send blank Arkansas Excise Tax Return (ET-1) forms to taxpayers. Contact 501-682-7104 to request ET-1 forms and the forms will be mailed to your business in two to three weeks.
Arkansas eFile | Department of Finance and Administration
Home Income Tax Arkansas eFile. Arkansas eFile. Welcome to the Arkansas eFile homepage. Our goal is to provide you with information for electronically filing an Arkansas tax return for Individual Income Tax, Partnership, Corporate, S-Corporate, and Fiduciary.
Property Tax Center - Arkansas.gov
Want to avoid paying a 10% late penalty? Sign up for Gov2Go to get personalized reminders when it’s time to assess, pay property taxes and renew your car tags.
Arkansas Secretary of State
Franchise Tax / Annual Report Forms. A.C.A. § 26-54-101 et al., also known as the “Arkansas Corporate Franchise Tax Act of 1979”, requires all Corporations, LLC's, Banks, and Insurance Companies registered in Arkansas to pay an annual franchise tax.
What is an ATAP in Arkansas?
ATAP is available for most taxes administered by the Revenue Division. ATAP provides Arkansas taxpayers with secure access to their tax accounts 24 hours a day, 7 days a week and will afford users the ability to perform the following functions: File and amend returns *. Make payments.
What is ATAP tax?
ATAP is a web-based service that allows taxpayers, or their designated representative, online access to their tax accounts and related information. ATAP is available for most taxes administered by the Revenue Division.
What is an ATAP in Arkansas?
ATAP is available for most taxes administered by the Revenue Division. ATAP provides Arkansas taxpayers with secure access to their tax accounts 24 hours a day, 7 days a week and will afford users the ability to perform the following functions: File and amend returns *. Make payments.
What is ATAP tax?
ATAP is a web-based service that allows taxpayers, or their designated representative, online access to their tax accounts and related information. ATAP is available for most taxes administered by the Revenue Division.
