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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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The True Cost of DIY Tax Prep: Why Professional Guidance Saves More Than It Costs
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.
Allison L. Reynolds, CPA
Apr 254 min read
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Tennessee Annual Report Reminder
Maintaining compliance with state regulations is crucial for Tennessee businesses. One important requirement is filing the Annual Report with the Tennessee Secretary of State. This report ensures that business information remains up to date and that entities remain in good standing.
Allison L. Reynolds, CPA
Mar 122 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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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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6 Critical Tips For Effective Payroll Processing
6 Critical Tips For Effective Payroll Processing: payroll may be one of the most critical operations of your business.
Allison L. Reynolds, CPA
Jul 13, 20222 min read
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5 Serious Indications You Need Accounting Help
Accounting tasks can be complex and stressful, preventing you from focusing on the day-to-day needs of your business.
Allison L. Reynolds, CPA
Sep 13, 20212 min read
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Changes from the American Rescue Plan Act (ARPA) and the PPP Extension Act
Changes from the American Rescue Plan Act (ARPA) and the PPP extension Act major tax-related benefits
Allison L. Reynolds, CPA
Apr 6, 20212 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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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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