Tax Tips from Tax Services of Tennessee

  Non-Taxable Services in Tennessee: What Business Owners Need to Know If you operate a service business in Tennessee, you may wonder whether you are required to charge your customers sales tax. Unlike sales of most tangible personal property, many professional and personal services in Tennessee are not subject to sales tax . Tennessee generally taxes a service only when state law specifically identifies that type of service as taxable. Be Careful: Some Services ARE Taxable Not every service is exempt from Tennessee sales tax. Examples of Services Generally Not Subject to Tennessee Sales Tax Many businesses provide services that are generally not subject to Tennessee sales tax. Examples include: Legal services Accounting and many professional consulting services Medical services Physical therapy services Hairdresser and cosmetology services Barber services

Waiting until the last minute to prepare your taxes can create unnecessary stress and costly mistakes. Missing documents, overlooked deductions, and unexpected tax balances are much easier to address when you start early. At Tax Services of Tennessee , we encourage individuals and business owners to plan ahead. Early tax preparation gives you time to organize your records, understand what you may owe, and address potential tax issues before a deadline arrives. Whether you need an individual return, Schedule C, partnership, S corporation, C corporation, rental property, estate, trust, or nonprofit return , getting started early can make the process much easier. Don't wait until the last minute. Let us help you get prepared. Tax Services of Tennessee 📞 615-933-8292 🌐 taxservicesoftennessee.com WE PLAN. YOU PROSPER.

  Partnership tax returns can become complicated quickly, especially when multiple owners are involved. At Tax Services of Tennessee , we help partnerships and multi-member LLCs throughout Brentwood, Franklin, Nashville, and Middle Tennessee with professional tax preparation. We prepare Form 1065 partnership returns and Schedule K-1s and help business owners understand partner contributions, distributions, business expenses, and other partnership tax matters. If you and a business partner own a company together, proper tax preparation can help keep the business—and each partner's individual tax reporting—on track. Need help with a partnership or multi-member LLC? Tax Services of Tennessee 📞 615-933-8292 🌐 taxservicesoftennessee.com WE PLAN. YOU PROSPER.

Churches and ministries have unique tax and financial responsibilities. At Tax Services of Tennessee , we help churches and religious organizations throughout Brentwood, Franklin, Nashville, and Middle Tennessee with tax compliance, bookkeeping, and financial reporting. Although churches are generally not required to file an annual Form 990, they may still have responsibilities involving payroll, W-2s, 1099s, minister compensation, housing allowances, unrelated business income, and proper recordkeeping . Having accurate books and understanding the special tax rules that apply to churches can help church leaders avoid costly mistakes and stay focused on their ministry. Need help with your church or ministry? “We also provide nonprofit tax preparation for charities, ministries, and other tax-exempt organizations.” Tax Services of Tennessee 📞 615-933-8292 🌐 taxservicesoftennessee.com  Non Profit Tax Preparation WE PLAN. YOU PROSPER

Nonprofit organizations have important tax and reporting responsibilities. At Tax Services of Tennessee , we help nonprofits, charities, ministries, and tax-exempt organizations throughout Brentwood, Franklin, Nashville, and Middle Tennessee stay compliant and organized. We assist with Form 990, 990-EZ, 990-N, 990-PF, and 990-T , along with nonprofit bookkeeping and tax compliance. Churches have special tax rules and are generally not required to file an annual Form 990, but they may still need assistance with bookkeeping, payroll reporting, W-2s, 1099s, and other tax matters. Need help with your nonprofit or ministry? Tax Services of Tennessee 📞 615-933-8292 🌐 taxservicesoftennessee.com WE PLAN. YOU PROSPER.