Instead, an individual S corporation shareholder will owe tax on his or her share of the company’s income. Franchise Taxes to be collected by DFA | Department of . Filing Franchise Tax Reports through the DFA will require all entities, or their representative, to create an account with the Arkansas Taxpayer Access Point (ATAP). Learn more about our latest initiatives. $150. If the filing type is not available online or if you prefer to mail or deliver your filing, click “PDF” to print a copy, complete the form, attach payment and mail or deliver to the Business and Commercial Services office. ATAP offers many services including FREE electronic filing and payment options. The state of Arkansas franchise tax is an annual requirement for businesses that conduct business out of the state. The Arkansas Tax Reform Act of 2019 transferred the administration and collection of all franchise taxes in the State of Arkansas from the Arkansas Secretary of state (SOS) to the Department of Finance and Administration (FDA). 0.3% of the outstanding capital stock; … Arkansas Secretary of State Executive Office. View All > Latest News. Regardless of business activity or income, all Arkansas limited liability companies … Go to Franchise Tax Payments. As a result, the returns will not be available to download. Learn More > Calendar. Franchise Taxes. Filing Franchise Tax Reports through the DFA will require all entities, or their representative, to create an account with the Arkansas Taxpayer Access Point (ATAP). The purpose of the tax is to generate revenue for the State of Arkansas. (See the IRS website for the form.) Annual franchise tax. Phone: (501) 682-3409. Franchise Tax. Your Arkansas registered agent may be able to help with the dissolution process. Franchise Taxes move from SOS to DFA beginning January 1st. Find and claim your unclaimed property in Arkansas. Companies that conduct business in Arkansas are required to pay this annual tax. Paper Returns – Paper returns will be mailed to all registered Franchise Tax accounts that have not previously filed electronically with DFA. However, an Arkansas S corporation does not pay the state’s corporate income tax. Business owners accustomed to paying franchise taxes to the Arkansas Secretary of State will notice a change on January 1. Corporation Entity Search Search for a corporate entity registered with the State of Arkansas. Arkansas Taxpayer Access Point (ATAP) Register a new business or file reports and pay Withholding Taxes, Sales and Use Tax, Motor Fuels Tax (except IFTA) Dyed Diesel Tax, and Natural Gas Severance Tax. Please note that prior year return filing/payment is made available electronically through ATAP (atap.arkansas.gov) for users who sign up. For further information on tax computation, please see Arkansas Code § 26-54-104 Annual franchise tax. Approximately 150,000 companies pay franchise taxes each year in Arkansas. Search Search. What is franchise tax? Limited Liability Company. Franchise Tax franchisetax@dfa.arkansas.gov: Ragland Building 1900 W. 7th St, Rm 1130 Little Rock, AR 72201 Mailing Address: PO Box 8053 Little Rock , AR 72203: P: 501-682-7920 F: 501-682-4974 This tax is assessed to these companies for the privilege of either doing business in the state or incorporating their business in that state. Pay child support, check status, get forms and case information. Corporation/Bank without Stock. In California, for example, franchise taxes, under the state Franchise Tax Board, are basically income taxes, paid by individuals and businesses each year. Arkansas.gov Governor Asa Hutchinson. In accordance with the Arkansas Tax Reform Act of 2019, the administration and collection of all Franchise Tax in the State of Arkansas has transferred from the Secretary of State (SOS) to the Department of Finance and Administration (DFA). We’ll walk you through how to file and pay this tax here: Arkansas LLC Annual Franchise Tax. This choice is made by filing IRS Form 2553 with the IRS. Corporation/Bank with Stock. Franchise Tax Type Current Rate; Corporation/Bank with Stock. All businesses on record who have a franchise tax filing requirement with a corresponding Secretary of State filing number will be mailed a paper copy or an electronic version will be made available for ATAP users on or before March 1st. See ‘Who do I Contact’ in the FAQ section. Search Search. Franchise Taxes move from SOS to DFA beginning January 1st. Current Rate. Office Locations Near Me | DFA Contact Info. 1-11-2021 Beginning of 93rd General Assembly 1 … The tax is also imposed on foreign corporations and limited liability companies that transact business in Arkansas. ATAP is a web-based service that provides taxpayers with access to their tax accounts and provides free online filing and payment options. dfa in arkansas _____ _____ Signature Title Please Type or Print Limited Liability Company Franchise Tax Arkansas Secretary of State 1401 W. Capitol, Suite 250, Little Rock, AR 72201 John Thurston501-682-3409 • www.sos.arkansas.gov Rev. Home / Secretary of State / Services / Franchise Tax Payments; Franchise Tax Payments Pay Franchise taxes individually or by batch filing. The franchise tax is a privilege tax imposed on corporations, including banking corporations and limited liability companies that are incorporated in Arkansas. State Agencies. Claim Your Property. Franchise Taxes are a State Tax . Education Details: LITTLE ROCK, Arkansas (November 17, 2020) – As a result of Act 819 of the 2019 session, the Arkansas Department of Finance and Administration (DFA) will accept and process franchise taxes beginning January 1, 2021.Franchise taxes were previously administered by the Arkansas Secretary of State’s Office. The tax is also imposed on foreign corporations and limited liability companies that transact business in Arkansas. However, as mentioned above, Arkansas imposes an annual $150 franchise tax on LLCs for the privilege of doing business in the state. What is an Arkansas Franchise Tax Report? Phone: (501) 682-3409. Changes to Franchise Tax Nexus. The $150 tax and the annual report together are known as the Annual LLC Franchise Tax Report. The Arkansas Franchise Tax is an annual tax imposed on Arkansas corporations for the grant of charter privileges and on non-Arkansas corporations for the privilege of doing business. 1-11-2021 Beginning of 93rd General Assembly 1 … Arkansas.gov Governor Asa Hutchinson. Child Support. Pro Tip: Get a customized plan to start your new business from Dream It Do It Arkansas. Check out all the ways DFA can serve you. Family services, tax center, *11 services, eDemocracy and alerts. Accepted credit cards include Visa, Mastercard, Discover, and American Express. Existing Business Owners. The Official Website of the State of Arkansas Arkansas.gov. Like regular corporations, Arkansas S corporations are required to pay the state’s corporation franchise tax. Franchise Tax Type. The chart below lists the franchise tax rates for various entities under Arkansas Code 26-54-104. Business in Arkansas. The Official Website of the State of Arkansas Arkansas.gov. NOTE: This tax is due on or before May 1 of the year following filing or qualification in this state. Office Locations Near Me | DFA Contact Info, AR1200-LLC (Limited Liability Company) Instructions, AR1200-INS (Authorized Capital Stock Insurance) Instructions, AR1250-INS (Legal Reserve Mutual Insurance) Instructions. Deadlines – The due date for filing your Arkansas Franchise Tax return is May 1st. Information on personal, business, local and state taxes. The Comptroller's office has amended Rule 3.586, Margin: Nexus, for franchise tax reports due on or after Jan. 1, 2020.A foreign taxable entity with no physical presence in Texas now has nexus if, during any federal accounting period ending in 2019 or later, it has gross receipts from business done in Texas of $500,000 or more. Home / Business Services / Services / Corporate Franchise Tax; Corporate Franchise Tax. A franchise tax is a levy paid by certain enterprises that want to do business in some states. Arkansas Franchise Tax Report- Due Dates and Fees. Franchise taxes are paid to the Arkansas … In accordance with the Arkansas Tax Reform Act of 2019, the administration and collection of all Franchise Tax in the State of Arkansas has transferred from the Secretary of State (SOS) to the Department of Finance and Administration (DFA). Please note that prior year return filing/payment is made available electronically through ATAP (atap.arkansas.gov) for users who sign up. $300. Instructions. Arkansas Limited Liability Company Dissolution FAQ Is there a filing fee to dissolve or cancel an Arkansas LLC? The U.S. government doesn't impose franchise taxes on businesses; they are a state tax. Secretary of State will continue to be the first point of contact when starting a new business in Arkansas … Annual Reports. If you already own a business here are a few things you might need to be aware of. If the total amount of assets is less than $100 million, then tax due is $300. Arkansas Secretary of State is working for you. Check out all the ways DFA can serve you. Secretary of State will continue to be the first point of contact when starting a new business in Arkansas as well as any activity related to the organizational structure of your entity. Home / Business Services / Services / Corporate Franchise Tax; Corporate Franchise Tax. Business owners accustomed to paying franchise taxes to the Arkansas Secretary of State will notice a change on January 1. Businesss & Commercial Services (BCS) Victory Building 1401 W. Capitol Avenue, Suite 250 Little Rock, AR 72201 888-233-0325 or 501-682-3409 corprequest @sos.arkansas.gov. Home / Business Services / Services / Corporate Franchise Tax; Corporate Franchise Tax. (A.C.A. View On Google Maps ATAP is a web-based service that provides taxpayers with access to their tax accounts and provides free online filing and payment options. If you need a paper copy of prior year Franchise Tax returns, please submit a request at franchiseforms@dfa.arkansas.gov. Search. If that due date falls on a weekend or a holiday, your return is due on the next business day. Franchise taxes were previously administered by the Arkansas Secretary of State’s Office. 26-54-101) There is a $50 filing fee to dissolve your Arkansas LLC. Arkansas LLCs and corporations without stock will pay a fixed amount for their franchise tax. Choose to file online by clicking the ONLINE link and proceed to file electronically which is payable by credit card or ACH. In some cases, the owners of an LLC choose to have their business treated like a corporation for tax purposes. Paper returns may be submitted by mail or delivered in person. Arkansas.gov. Like income taxes, typically franchise taxes are assessed annually. Universal Citation: AR Code § 26-54-104 (2017) Unless exempted under § 26-54-105, every corporation shall file an annual franchise tax report and pay an annual franchise tax as follows: Arkansas Secretary of State is working for you. While the due date for filing an Arkansas Franchise Tax Report is May 1, 2021, they may be filed beginning January 1, 2021 through the Arkansas … State directory, list of agencies, public meetings and news. Arkansas LLC Franchise Tax is a “privilege tax”. Arkansas Taxes. Meaning, it’s a flat-rate tax of $150 per year for the privilege to do business in the state. Welcome to the Arkansas Secretary of State Annual Report Filing System This site allows taxpayers to submit and pay for their annual report online with a credit card or electronic check. View All > Latest News. Professional licensing, business taxes, business taxes and employer portal. If you need a paper copy of prior year Franchise Tax returns, please submit a request at franchiseforms@dfa.arkansas.gov. Franchise taxes can be different in each state. 0.3% of the outstanding capital stock; $150 minimum. The franchise tax is a privilege tax imposed on corporations, including banking corporations and limited liability companies that are incorporated in Arkansas. Annual Franchise Tax. A corporate franchise tax is a tax imposed by a state on corporations, LLCs, and partnerships. State Capitol 500 Woodlane Avenue, Suite 256 Little Rock, AR 72201 501-682-1010 View Google Map. All LLCs operating in Arkansas must file an annual report and pay a flat-rate tax of $150 each year. Visiting Arkansas. This tax is assessed to these companies for the privilege of either doing business in the state or incorporating their business in that state. Tax of $ 150 each year in Arkansas Arkansas limited liability company Dissolution FAQ there... 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