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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

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.

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.

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

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

Amid the pandemic, 16 states, including Tennessee have decided to go forward with their traditional back to school sales tax holiday.

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