Updated
TPT, Rental Changes & Business Records
Long-term residential rental change
Arizona removed city TPT on qualifying residential rental stays of 30 days or more beginning January 1, 2025. Review the rental terms and period before applying the change. Commercial and shorter-stay activity should be evaluated separately rather than assuming all property receipts have the same treatment. Arizona residential rental guidance.
TPT reporting by business activity
ADOR's reporting guide separates business classifications and filing resources. Maintain revenue by activity and location, together with licenses, deduction support, and prior returns. We review those records before carrying forward a tax setting or responding to an account notice. Arizona TPT reporting guide.
Property basis and owner decisions
For an acquisition, refinance, or change in rental use, gather the purchase allocation, improvements, depreciation history, financing, and owner-use records. We reconcile those schedules and assess the related tax questions before evaluating cash distributions or another investment.
How we scope the work
We start with the decision or filing you need to complete, the entities and people involved, and the deadline. After reviewing the available records, we identify missing information and propose the services and deliverables. For ongoing work, we establish a close and filing calendar so bookkeeping, tax projections, and owner reporting use consistent information.
For an audit or other assurance request, bring the lender, grant, board, or regulatory requirement. We confirm the engagement type and applicable professional requirements before accepting the work.
CPA services for Arizona clients
Tax preparation
Coordinate business and owner returns using reconciled income, allocations, and payment records.
Tax planning
Compare entity elections, transaction timing, and owner consequences before making a decision.
Financial reporting & cash flow
Connect the monthly close, forecasts, and financing needs to clear management reports.
Audit & assurance
Review the intended financial-statement user, required engagement, records, and deadline to define the appropriate scope.
Arizona CPA questions
Does the residential TPT change eliminate every rental filing?
No. The change concerns qualifying residential-rental TPT. The property's income reporting, other activity, historical periods, and registration records still need review.
How do Arizona clients work with KAS?
We provide virtual service through secure document exchange, scheduled video meetings, and electronic signatures. The engagement defines the services, responsibilities, and deadlines; this service area does not represent a walk-in office.