by Dan Smith | Apr 17, 2018 | Entrepreneurs' Business Blog
First, let’s pause to consider a really unusual event that happened today in IRS Tax World. Today, April 17, 2018, was supposed to be The Day–Tax Day 2018. Lines were out the door at local post offices around the country. And e-filers clicked and clacked...
by Dan Smith | Mar 6, 2018 | Entrepreneurs' Business Blog
The Council on State Taxation has a great acronym—COST. And COST has recently published a report entitled “The Impact of Federal Tax Reform on State Corporate Income Taxes.” Here’s a link to the Cost Report. Tennessee is often thought of as a...
by Dan Smith | Mar 5, 2018 | Entrepreneurs' Business Blog
A couple of weeks ago, the U.S. Tax Court decided a case (Burke v. Commissioner) that should be on the required reading list for every would-be entrepreneur who decides to go into a business with a friend on a handshake and with no written agreement (or perhaps a few...
by Dan Smith | Jan 1, 2018 | Entrepreneurs' Business Blog
I’ve made my New Year’s Resolutions, and so far (8 or so hours into the New Year), I’m doing pretty well. One of my resolutions is to be more proactive about business matters in my own law practice. That means for me, making more specific “to...
by Dan Smith | Dec 27, 2017 | Entrepreneurs' Business Blog
First, picture the dream. You are a successful Tennessee entrepreneur. A small business that you own through a corporation that you are the sole shareholder in has grown over the years, has made money, and is now the focus of a prospective buyer. There are dollar...
by Dan Smith | Dec 21, 2017 | Entrepreneurs' Business Blog
So we’ve seen our government in action working through the sausage-making process of passing a major new tax act over the past couple of weeks. The House voted in favor, the Senate voted in favor (of a slightly different bill), and then the House voted in favor...
