Guide to Arkansas Tax Law

Learn more about Arkansas sales tax law

Businesses must charge retail sales tax on goods sold and on some services under Arkansas tax law. The tax rate can change periodically, so it's important to keep informed of sales tax rule changes and how to remit sales tax collections to the state.

I recommend: Call it a one-stop shop for your tax needs: Arkansas Department of Finance and Administration has a variety of resources from calculation software and forms to tax rate charts and collection data. The Institute for Local Self-Reliance provides information on the Arkansas Sales Tax Fairness Law.

Find resources on Arkansas property tax law

Whether you're a homeowner or a business owner, if you own land or real estate or even personal property such as vehicles, you must pay property taxes on those items. In Arkansas, property taxes are based on the item's value. Real property is assessed at 20% of market value and personal property tax is based on a reasonable selling price.

I recommend: For answers to frequently asked questions about property taxes, check out the Arkansas Assessment Coordination Department. The University of Arkansas' Division of Agriculture provides data based on the county you do business in and easily allows comparisons.

Hire an Arkansas tax attorney

Consulting with a professional can save you a lot of frustration and money in the long run. With tax laws that are constantly changing and the mountains of accompanying paperwork, it only makes sense to protect yourself.

I recommend: From sales and use tax to corporate and partnership tax, check out services provided by Rose Law Firm. Hyden, Miron & Foster specializes in income and estate tax reduction, preparation for IRS audits and collections, among others.