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Dec 19, 2024
What are the key steps to register for sales tax after acquiring a business in Arkansas?
After acquiring a business in Arkansas, the key steps to register for sales tax include:
Obtain an EIN: Ensure the business has a Federal Employer Identification Number (EIN) from the IRS, which is required for tax purposes.
Register with the Arkansas Secretary of State: If the business is a corporation, LLC, LLP, or partnership, register the business entity with the Arkansas Secretary of State.
Complete the Arkansas Tax Registration Application (Form AR-1R): Fill out the form with detailed business information, including the name, address, type of business, and details of ownership and acquisition.
Provide Owner/Officer Information: Include personal information for the primary owners or officers of the business.
Detail the Acquired Business: Provide specifics about the existing business, such as previous owner details and existing tax account numbers.
Submit the Application: Submit the completed AR-1R form to the Arkansas Department of Finance and Administration (DFA) online or by mail.
Pay Applicable Fees: While registration is free, ensure any other applicable fees for licenses or permits are paid.
Receive a Sales Tax Permit: Upon approval, receive the sales tax permit, authorizing the collection and remittance of sales tax.
Begin Tax Collection and Remittance: Start collecting sales tax on taxable sales and remit the collected taxes to the DFA according to filing schedules.
Maintain Compliance: Keep accurate records, stay updated on tax rate changes, and adhere to filing deadlines to ensure ongoing compliance.
These steps ensure a smooth transition in sales tax responsibilities and compliance after acquiring a business in Arkansas.



