The Arizona Department of Revenue has published a revised Pub. 622, Business Basics: A Guide to Taxes for Arizona Businesses. There are a few updates to this publication of which filers should be aware:
- The payment by Electronic Funds Transfer (EFT) requirement has expanded. Now, withholding taxpayers with average Arizona quarterly withholding liability during the prior tax year of $5,000 or more must pay by EFT. These taxpayers must register at AZTaxes.gov to use ACH Debit as a payment method to comply with the EFT requirement. A penalty of 5% will be assessed on any taxpayers who fail to comply with this requirement.
- The due date for the Arizona Annual Reconciliation (Form A-1R) has changed. Previously it was February 28^th^; it is now January 31^st^ of the year following the calendar year for which Arizona withholding payments were made.