In the last month, residents of the southeastern United States have faced unprecedented losses in the aftermath of...
Casualty Loss FAQs – Individuals
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Quickbooks Online Changes to 2024 Year-End Tax Forms
by Teresa Adams Starting 2025 for the 2024 year-end, Intuit will no longer be printing and mailing W-2 and 1099 tax forms...
Tax Relief for Those Affected by Tropical Storm Helene
by Stephen Bevins Following Tropical Storm Helene, BCS is here to help our clients and community in any way we can. The IRS...
IRS Tax Relief – Tropical Storm Helene
by Nick Hill The Internal Revenue Service (IRS) has announced disaster tax relief for individuals and businesses impacted...
Operations Update
Clients and Friends, We are deeply saddened by the devastation that has hit our region. All the communities around us are...
Project Gray
Current Legislative Changes: Tennessee Franchise Tax
by Nathan Hsiao On Thursday, April 25th, Tennessee legislation passed changes to the franchise tax calculation. Previously,...
Exciting Things Ahead
by Andy Hatfield We are happy to announce that our Johnson City and Kingsport offices are consolidating and moving to be...
New Reporting Under the Corporate Transparency Act
by Nick Hill Effective January 1, 2024, a substantial number of business owners must file a new report as part of the...
Child Labor Act
by Stephen Bevins Everyone remembers their first job as a child, and their first manager. As a manager with a child in...
Understanding Cost Basis
by Lydia Jones Cost basis is a key concept in taxation that ultimately results in determining the amount of an asset's...
Ride-Sharing Revenue Reporting
by Stephen Bevins “Ohhhh Yeeeeeah! My ride is here.” Customers of a ride-sharing service understand this excitement. They...