Business Toolbox

excepts from the Tennessee Smart Start Small Business Guide by the TN Department of Economic & Community Development tn.gov/ecd/bero Financing is probably the first thing on many entrepreneurs' minds when it comes to starting a small business. One of the

By Emily Wright It can be argued that the most significant step in starting your business is selecting the correct tax classification, most of which are clearly defined and simple to understand…if you work for the IRS. For the rest

by James Grimes Employee medical benefits have steadily reduced profits for many employers, especially for small businesses.  To offset rising costs, employers are making changes to their benefit plans which include increasing employee deductibles and out of pocket maximums.  These changes

By Jennifer Mitchell When your business closes, you will submit a “final” business tax return to the TN Dept. of Revenue to pay all business taxes through your last day of business.  The Department of Revenue will process your “final”

by Jennifer Mitchell Your business tax return is due on the 15th day of the fourth month following the end of your fiscal year.  For example, if your fiscal year coincides with the calendar year, meaning your “bookkeeping year” runs

by Jennifer Mitchell Who needs to file businesses taxes Types of business tax licenses Registration and licensing requirements Business Tax Overview Generally, if you conduct business within any county and/or city in Tennessee, then you should register for and remit