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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
How I Turned My Office Renovation Into a Smart Investment: Part 1 - Why Smart Entrepreneurs Buy the Building and Rent It to Themselves
Allison L. Reynolds, CPA
Sep 172 min read
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8 Easy Steps to Track Your Mileage for Tax Deductions
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.
Allison L. Reynolds, CPA
Aug 152 min read
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Tax Tactics: A Small Business Guide to Understanding Essential U.S. Taxes
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.
Allison L. Reynolds, CPA
Jun 185 min read
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Tennessee Residents Qualify for IRS Disaster Tax Relief: Deadlines Extended to November 3
The IRS has announced a new tax extension deadline for individuals and businesses in Tennessee affected by recent severe storms. As part of the federal disaster relief effort, all Tennessee residents and business owners are eligible for this relief. The new deadline to file federal tax returns and make applicable payments is November 3, 2025.The Tennessee Department of Revenue will also consider requests for extensions on a case-by-case basis for individuals unable to file th
Allison L. Reynolds, CPA
Apr 142 min read
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Understanding the Changes to the 2025 Tennessee Schedule B for Tangible Personal Property Tax
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.
Allison L. Reynolds, CPA
Feb 202 min read
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Understanding the Impact of Tennessee's Franchise Tax Overhaul: What Businesses Need to Know
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.
Allison L. Reynolds, CPA
Apr 29, 20244 min read
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Top Tips for Filing Your 2023 Tax Return
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...
Allison L. Reynolds, CPA
Apr 9, 20246 min read
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Bonus Depreciation Extended through 2026 Under the Tax Cuts and Jobs Act
Take advantage of the extended bonus depreciation through 2026 wherein the benefit allows 100% bonus depreciation for long-term assets.
Allison L. Reynolds, CPA
Feb 21, 20232 min read
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TENNESSEE ANNUAL REPORT
What is an Annual Report?
The annual report has some information needed from you to keep your business in good standing.
Allison L. Reynolds, CPA
Mar 28, 20212 min read
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Before You File Your 2020 Tax Return READ THIS!
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.
Allison L. Reynolds, CPA
Feb 17, 20215 min read
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6 Common Mistakes Small Business Owners Should Avoid
Are you hungry for financial success? Continue reading to explore six common mistakes that small business owners make.
Allison L. Reynolds, CPA
Feb 2, 20213 min read
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New Stimulus Bill: Economic Relief & Tax Implications for Families & Small Businesses
New Stimulus Bill: Economic Relief & Tax Implications for Families & Small Businesses
Allison L. Reynolds, CPA
Jan 10, 20217 min read
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Independent Contractor (1099) or Employee (W-2) and How to Recognize the Difference
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.
Allison L. Reynolds, CPA
Sep 4, 20204 min read
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Tennessee and 15 Other States Go Ahead With Tax Free Weekend
Amid the pandemic, 16 states, including Tennessee have decided to go forward with their traditional back to school sales tax holiday.
Allison L. Reynolds, CPA
Jul 31, 20202 min read
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Tennessee Announces Small Business Relief Program
If you are located in Tennessee and you were forced to close your business due to COVID-19 you may be eligible for the Business Relief Prog
Allison L. Reynolds, CPA
Jun 26, 20204 min read
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Economic Injury Disaster Loan (EIDL) the Fine Print
Economic Injury Disaster Loan (EIDL) the Fine Print. At the beginning of the COVID-19 crisis, the CARES Act funded the EIDL
Allison L. Reynolds, CPA
May 27, 20204 min read
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