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Accounting and Bookkeeping Services in Tennessee
1-800Accountant, America’s leading virtual accounting firm for small businesses, efficiently manages all your demanding, time-intensive bookkeeping and accounting tasks with comprehensive services designed to nurture and expand your small business.
Our Accounting Services for Tennessee Small Businesses
Business Tax Preparation: Have your taxes prepared and filed by a CPA who specializes in your industry. Entrust the complexities of Tennessee tax preparation to our CPAs, who have more than 17 years of experience on average, so you can enjoy peace of mind about your business tax situation and save thousands annually.
Bookkeeping: Enhance your financial stability and oversee your cash flow with precise, error-free bookkeeping done for you that saves time and delivers key data-driven business insights. This meticulous approach provides the essential tools for data analysis with easy-to-understand reporting, enabling your accountant to develop important financial models.
Tax Advisory: Business tax considerations don't end in April. Through our affordable tax advisory service, you can receive the guidance you need when you need it year-round from a dedicated small business CPA. Strategic planning helps reduce your business tax liability in Tennessee throughout the year while ensuring compliance.
Payroll: Free up hours each pay period with our streamlined payroll service handled for you with regular tax submissions to the state. This allows you to focus on other business aspects without the burden of doing payroll yourself.
Business Formation: Reap the benefits of officially registering your business in Tennessee with our complimentary incorporation service. You cover the state fees, and we handle everything else. This puts you on a path to hiring staff, opening a business bank account, and optimizing your business tax structure for maximum tax savings.
Tennessee Corporate Tax Rates and Brackets
| Corporate Tax Rate | Corporate Tax Bracket |
|---|---|
| 6.5% | $0 |
When Do You Have to File Business Tax Returns in Tennessee?
| Partnerships Due Date - Annual Returns | C-Corp Tax Due Date - Annual Returns | S-Corp Tax Due Date - Annual Returns |
|---|---|---|
| The 15th day of the fourth month after fiscal year end | The 15th day of the fourth month after fiscal year end | The 15th day of the fourth month after fiscal year end |
LLC Renewal Dates and Fees in Tennessee
| How Often Do You Have to Renew Your LLC? | LLC Formation Filing Fee | LLC Yearly/Biennial Filing Fee |
|---|---|---|
| Annually | $300 | $300 |
What to Look for in Tennessee Accounting and Bookkeeping Services
When deciding on an accountant or bookkeeper for your Tennessee small business, you should evaluate these important considerations:
Expertise in Tennessee's Tax Incentives: Look for a professional familiar with state-specific incentives like the Tennessee Job Tax Credit and Sales Tax Exemptions, crucial if your business operates in sectors like manufacturing and technology.
Knowledge of Local and State Tax Laws: Ensure the prospective accountant is well-versed in Tennessee's no personal income tax policy and understands the business, franchise, and excise taxes that apply to your business.
Experience with Tennessee's Diverse Economy: Choose a financial professional with experience in key state industries, including healthcare, automotive manufacturing, and music and entertainment, to ensure they understand the unique financial dynamics.
Familiarity with Regional Economic Development Programs: Opt for a professional knowledgeable about programs in the Tennessee Valley Authority or local economic development incentives that can benefit your business.
Understanding of Tennessee's Agricultural Financial Support: Given the agricultural sector's significance in the Tennessee economy, select a professional adept at navigating financial support and tax considerations for the sector.
Serving Small Businesses Throughout the Entire State of Tennessee
“I’ve been fortunate to have great accountants who care, get back to me very timely, and believe they do a great job getting the most money back they are able to.”
Sal
Actual customer testimonial. Photo is illustrative only.
Additional Tennessee Accounting Resources:
Virtual Bookkeeping: How To Find the Best Online Bookkeeper
CPA vs. Tax Preparer: Which Is Best for Your Business?
10 Common Small Business Tax Questions Owners Are Asking
Talk to a business tax expert today for all your tax needs in Tennessee.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
*Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
*Historical first-party data.