TENN-TAX delivers a holistic and coordinated approach to complex business tax issues to help Business Owners save money and time. Every year, business owners must file their taxes and report their activities to the IRS.

 

With the ever-changing tax law, it is important for you as an investor and business owner to have a dedicated and smart TAX Professional to take care of your business taxes. 

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TENN-TAX Professionals are always avaliable during the whole entire year - WE DO NOT HAVE SEASONED ASSOCIATES - to provide you a broad rage of high quality tax and consulting services and to make sure you are achieving your financial goals at all times. 

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TENN- TAX services for Small & Mid-Size Businesses include:

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1- Business Tax Preparation.

 

Each business has its own structure and has its own unique regulations when it coms to taxes. The structure of your business affects your business income tax directly and your personal income tax indirectly. 

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Our Business Tax Specialist will work very closely with you

and your business to help you understand the Federal Taxes and file your business tax returns including:

• Business Income Tax 

• Estimated Taxes 

• Self-Employment Tax 

• Employment Taxes 

• Excise Taxes - Federal 

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2-Business Tax Credits 

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Your general business credit for the year consists of the carry forward credit from the previous tax year plus the total of your current year business credit.

 

The General Business Credit is composed of several business credits combined into one amount and may be increased later by carry-back or business credits from the later years. the credit is subtracted directly from your tax. 

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Examples of the Business Tax Credits include the following: 

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• General Business Credit - FORM3800

• Investment Credit - FORM3468 

• Work Opportunity Credit - FORM 5884

• Credit for Increasing Research Activities 

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3- Payroll Tax Services

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When it comes to paying employees, the IRS and other governmental agencies never make the payroll function easy to process.  As a business owner, managing human resources and processing payroll is not a simple task and it costs you time and money. 

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For many years, our Payroll Tax Professionals have helped Business Clients from all over the states, to file their payroll taxes including: 

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• Wages and Tax Statements 

• Payroll Deduction Agreement 

• Qualified Small Business Payroll Tax Credit  for Increasing Research Activities 

• Employer's Quarterly Federal Tax Return 

• Employer's Annual Federal Unemployment Tax Return 

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4- IRS Representation and Audit Services 

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Making a math error on your federal return, failing to report an income intentionally or unintentionally, or claiming too many losses on your return, are RED FlAGS  on The IRS system. 

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There is noting more panic for an individual or small business owner than receiving an Audit Letter from the IRS. The IRS uses several methods to conduct audit, they may select your return for Audit when your return got involved with issues on transactions with other taxpayers such as business partners whose return got selected for Audit or you may got audited based on a random selection or computer screening. 

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TENN-TAX Certified Audit Associates are well educated and have significant experience in solving any tax problems, examinations, appeals, and debit relief assistance. all audit claims are performed at our office in a high level of privacy, confidentiality, competitive fees, and timely manner. 

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We provide the following Audit services to our valued clients: 

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• Power of Attorney (POA)

• Financial Statement Review and Audit 

• Federal Tax Lien Assistance 

• Federal Tax Levy Assistance 

• Penalty Waver Request 

• Appeal Collection process 

• Debit Relief Assistance. 

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