Small businessWhen an S Corporation Election Makes Sense (and When It Doesn’t)Saving self-employment tax is real, but so are payroll, a second return and Tennessee franchise & excise tax. Here is how we run the numbers.Odell Whitcomb, CPA · 6 min readInsights
Notes from the back office
Plain-English pieces on the questions clients ask us most. General information, not advice for your situation.
Small businessWhen an S Corporation Election Makes Sense (and When It Doesn’t)Saving self-employment tax is real, but so are payroll, a second return and Tennessee franchise & excise tax. Here is how we run the numbers.Odell Whitcomb, CPA · 6 min read
Small business7 min readRestaurant Bookkeeping: Tips, Sales Tax and Food CostThree places restaurant books go wrong, and the weekly habits that keep them right.
Nonprofits6 min readGetting Your Nonprofit Audit-ReadyAn audit goes faster, costs less and finds fewer surprises when the books were ready before the auditor arrived.
IRS notices5 min readWhat to Do When an IRS Letter ArrivesMost IRS letters are routine and fixable. The worst thing you can do is put one in a drawer.
Self-employed5 min readQuarterly Estimated Taxes for Freelancers: A Plain GuideNo employer is withholding for you, so the IRS expects payments during the year. Here’s how much and when.
Individuals6 min readWorking Across the State Line: Georgia and Alabama Returns for Chattanooga CommutersTennessee doesn’t tax your wages, but the state you drive to every morning might.
Tennessee6 min readTennessee Has No Income Tax on Wages. Here’s What You Still FileNo state income tax doesn’t mean no state paperwork, especially if you own a business.
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Every federal and Tennessee deadline for this year and next, with a countdown to the next one.