I have added a new link to my list of tax pages. This one is for the Tennessee Business Tax. With this link you can pay your Tennessee business tax on line. You can find out what category you business falls under so you'll know when to file your taxes and what the tax rate is. The only thing you can't do is apply for the business license. The business license is what you renew each year when you pay the business tax. To start the business tax process you need to get in touch with your county or city clerk and pick up a form. The clerk can help you figure out your business classification as well, if you don't want to go on line. On the business tax page you can also find out if your business is exempt from the license and the tax, in which case you won't have to bother seeing the clerk and picking up a form. Accounting is a business exempt from business tax, for example, along with lawyers, doctors and a host of others. Many of those exempt from the business tax, such as accountants, have to pay a professional privilege tax, which is business tax by another name.
Any questions? If so, leave a comment and I'll get back to you.
No comments:
Post a Comment