by Nathan Hsiao On Thursday, April 25th, Tennessee legislation passed changes to the franchise tax calculation. Previously,...
Current Legislative Changes: Tennessee Franchise Tax
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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...
Tennessee Works Act
by John Steadman In April, the Tennessee General Assembly passed the Tennessee Works Tax Act. The Tennessee Works Tax Act...
2023 Energy Tax Credit
by Sam Alford Signed into law on August 16th, 2022, the Inflation Reduction Act (IRA) expanded the tax credit for energy...
Data Collection Form
by McKenzie Potter The data collection form is submitted for all entities that complete a single audit and is essentially a...
Nonprofit Exemption Certificate & Sales Tax Exemption
by Stephen Bevins “Do not forget to take our nonprofit exemption certificate to the store with you!” Anyone who has gone...
What is a Single Audit, and Why Does My Company Need One?
by Sarah Black Picture this: the company you work for requires a financial statement audit this year. Maybe you get one...
An Overview of Itemized Deductions
by Brandy Bradley When individual taxpayers file their federal income tax return (Form 1040), they can use either the...
Going Concern
by Gabriella Krtausch You might have been asked by your auditor “Does your entity have substantial doubt to continue as a...