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How I Turned My Office Renovation Into a Smart Investment: Part 1 - Why Smart Entrepreneurs Buy the Building and Rent It to Themselves

If driving is part of how you do business—meeting clients, making deliveries, running errands—those miles could be working in your favor come tax season.

Navigate U.S. tax requirements for small businesses with expert tips on tax structures, deductions, and key forms. Stay compliant and optimize your tax strategy for success.

Let’s Talk Taxes: DIY or Pro Help?Every year, millions of taxpayers turn to DIY tax software, believing it to be the most cost-effective way to file their returns. The appeal is obvious—low upfront costs, step-by-step guidance, and the ability to file from the comfort of home. But is DIY tax prep the best option? While software promises convenience, it often comes with hidden costs—missed deductions, audit risks, and the time-consuming process of navigating complex tax laws.

You can find a tax preparer through personal recommendations from friends or colleagues, by consulting a professional organization, or even by checking a directory. However, it’s essential to choose carefully, as you are ultimately responsible for all the information on your tax return.

Tennessee's Schedule B is a crucial component for businesses operating within the state, ensuring accurate reporting of tangible personal property for taxation purposes. This schedule aids local governments in assessing property values and determining appropriate tax obligations.

April 26, 2024Businesses registered in Tennessee as a limited liability company (LLC) or corporation (Subchapter S or C) must pay taxes to the state annually. There are two components to the tax: Excise and Franchise.

As the deadline to file your 2023 income tax return is approaching, we wanted to remind you of the latest tax-related changes you should...

Navigating Mileage Deductions

A common set of questions we get goes something like this: "I'd like to set my son/daughter up as an employee and would like to hear more...

Take advantage of the extended bonus depreciation through 2026 wherein the benefit allows 100% bonus depreciation for long-term assets.

Changes from the American Rescue Plan Act (ARPA) and the PPP extension Act major tax-related benefits

What is an Annual Report? The annual report has some information needed from you to keep your business in good standing.

There are many pandemic-related tax law changes that went in to effect in 2020. Before you file here's what you need to know.

The Paycheck Protection Program (PPP) is back and will kickoff at most financial institutions this week.

New Stimulus Bill: Economic Relief & Tax Implications for Families & Small Businesses

On October 7th, Tennessee Governor Bill Lee and the Financial Stimulus Accountability Group (FSAG) announced $50 million in federal...

The IRS has confirmed an important change regarding non-employee compensation filing.

As we move into the final months of 2020, it’s time to start thinking about applying for PPP Loan Forgiveness

If you are hiring people to work under you it is important to define the relationship properly as either a 1099 contractor or W-2 employee.