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EINs can be obtained free of charge. You can obtain a number by calling 1-800-829-4933 (Monday through Friday, 7 A.M. to 10 P.M.), or filling out IRS Form SS-4, or by applying online.
Tax-exempt customers Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.
Inflationary Relief Income - Tax Credit - Allows for full year Arkansas residents that have net income up to $103,600 an additional tax credit of up to $150. Additional Tax Credit for Qualified Individuals - An additional tax credit for an individual taxpayer with net income up to $26,100 who files a timely return.
How do you register for a sales tax permit in Arkansas? You can register online at the Arkansas Taxpayer Access Point (ATAP) or fill out the paper application Just click Sign up and youll be prompted to enter business info then register for your sales tax permit.
Two Ways to Start A New Business in Arkansas Define your business concept. Draft a business plan. Choose a business name. Fund your startup costs. Choose a business structure. Register your business with the Arkansas Secretary of State. Get your business licenses. Set up a business bank account.

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The Consolidated Incentive Act of 2003, as amended, also provides incentives for targeted businesses that allow earned income tax credits to be sold, which will allow these targeted businesses to realize the benefits of the incentive earlier.
FEDERAL Employer Identification Number: Taxpayers that give tax statements to employees are required to have an EIN. Taxpayers can apply for an EIN with the IRS using the Federal Form SS-4 by: 1. Telephone: Call the Toll-Free EIN number, 1-800-829-4933, Monday-Friday, 7:00 am 10:00 pm to receive an EIN immediately.
An income tax reduction will lower the top rate from 4.7 to 4.4 percent for individuals. Also, the top rate for corporate taxes will go down from 5.1 to 4.8 percent. The tax relief measure includes a one-time credit of $150 for all taxpayers whose incomes was below $89,600 in 2023.

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