by Dan Smith | Jun 15, 2018 | Entrepreneurs' Business Blog
July 27-29 is the annual Tennessee Tax-Free Weekend. For eligible purchases made during this time, you can buy without paying the normal 7% state sales tax. In general, eligible purchases include clothing that costs $100 or less per item, school or art supplies that...
by Dan Smith | Jun 13, 2018 | Entrepreneurs' Business Blog
For individuals who turn 70-1/2 in a year, the federal tax obligation to begin taking annual “required minimum distributions” from IRAs and other retirement accounts begins. If an individual were to turn 70-1/2 during 2018, then the first required minimum...
by Dan Smith | Jun 13, 2018 | Entrepreneurs' Business Blog
By now, if you follow politics at all you’ve probably heard the impending “Blue Wave” that is going to sweep the nation later this year. I’m not going to comment on a possible Blue Wave, Red Wave, or any other color of wave other then the...
by Dan Smith | Apr 26, 2018 | Entrepreneurs' Business Blog
If you are delinquent in paying your real property tax in Tennessee, and you lose your real property at a tax sale, all is not lost–you still have the right to get the property back through the statutory right of redemption. But a case decided by the Tennessee...
by Dan Smith | Apr 19, 2018 | Entrepreneurs' Business Blog
Do you remember when the federal estate tax was something to worry about and plan around? I do. I can remember when an estate was taxable if it was greater than $600,000. That tells you how “experienced in life” I am. Now, a husband and wife can have a...
by Dan Smith | Apr 18, 2018 | Entrepreneurs' Business Blog
One of the most fundamental choices that a small business owner must make is the form of entity in which the business will operate. Should it be a limited liability company (LLC) or a corporation? And there are essentially two varieties of corporation–the...
