Tax Tips from Tax Services of Tennessee

  Tax Services of Tennessee Reaches $500,000 in Gross Sales and Gives Back to the Community Reaching more than $500,000 in gross sales was an exciting milestone for Tax Services of Tennessee . But for us, success isn't just about the numbers. Our growth has been made possible by the individuals, families, and business owners who have trusted us with their tax preparation and financial needs. That's why reaching this milestone also reminded us of something very important: the importance of giving back to the community that has supported us. Proud to Serve Brentwood and Middle Tennessee Tax Services of Tennessee provides professional tax preparation for individuals and businesses throughout Brentwood, Franklin, Nashville, Spring Hill, Columbia, and Middle Tennessee . As our company has grown, we have remained committed to providing personal service and taking the time to understand each client's individual tax situation. We prepare individual tax returns, self-employe...

Self-Employed in Tennessee? 7 Tax Mistakes That Can Cost You Thousands Running your own business gives you freedom, but it also means you are responsible for keeping up with taxes throughout the year. At Tax Services of Tennessee , we often work with self-employed individuals and small-business owners who are surprised by how much they owe at tax time. In many cases, the problem isn't that the business owner did something terrible. It's that nobody explained what they should have been doing during the year. Here are seven common tax mistakes self-employed taxpayers should watch for. 1. Treating Every Bank Deposit as Business Income If you deposit money into your business account, that doesn't automatically mean it is taxable sales. Your bank account may contain: Customer payments Transfers between your own accounts Loan proceeds Refunds Personal money contributed to the business Good bookkeeping means identifying what the deposits actually represent rather than simply addin...