The new BOI filing requirements under the Corporate Transparency Act require LLCs, S Corps, and C Corps identified as reporting companies to disclose Beneficial Ownership Information to combat money laundering, with filings due by January 1, 2025, for existing businesses.

Even if you don’t have knowledge of how to do your own taxes, there are free services that make it easy. So, the question becomes, when should you seek assistance from a professional tax preparer?

We often get the question: “How do I calculate my Tennessee franchise and excise taxes?”. So, in this post, we quickly break down the details and calculations surrounding franchise and excise tax in Tennessee.

At Genovations Accounting, we talk a lot about our use of IRS Enrolled Agents to handle your tax returns…but just what is an IRS Enrolled Agent? Read on for a detailed summary.

While you can file your taxes on your own, there are still common mistakes that individuals often make when preparing their tax returns without professional assistance. Here are the top 3 mistakes.