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The Tennessee General Assembly has approved three sales tax holidays for 2021, which include the traditional three-day weekend for back-to-school supplies, an added week-long break on food tax, and a year-long opportunity to save on gun safety equipment.
View MoreThe Tennessee Department of Revenue has announced changes to TNTAP, Tennessee’s tax filing website.
View MoreBy now, most are familiar with the ransomware attack committed against Colonial Pipeline. While the aftershock of this event will last for years, there are immediate lessons we can – and should – learn from this cybersecurity incident.
View MoreThe U.S. Small Business Administration recently announced that restaurants, bars and other eligible businesses impacted during the COVID-19 pandemic have until Monday, May 24 at 8 p.m. ET to submit applications to the Restaurant Revitalization Fund.
View MoreThe IRS recently issued Notice 2021-31 providing guidance on tax breaks under the American Rescue Plan Act of 2021 for continuation health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985.
View MoreThe IRS and Treasury Department recently announced that the first monthly payment of the expanded and newly-advanceable Child Tax Credit from the American Rescue Plan will be made on July 15.
View MoreFollowing the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS announced that victims of severe storms, straight-line winds, tornadoes and flooding that began March 25, 2021 now have until Aug. 2, 2021 to file various individual and business tax returns and make tax payments.
View MoreIn response to disruptions of the fuel supply chain, the IRS recently announced it will not impose a penalty when dyed diesel fuel is sold for use or used on the highway in Alabama, Delaware, Georgia, Florida, Louisiana, Maryland, Mississippi, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and the District of Columbia.
View MoreThe first year of the 112th Tennessee General Assembly adjourned the evening of Wednesday, May 5.
View MoreThe IRS recently issued Notice 2021-26, providing guidance on the taxability of dependent care assistance programs for 2021 and 2022.
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