Serving the Knoxville and surrounding communities, Addicks CPA Firm LLP focuses on personalized services, integrity, and trust. The company offers comprehensive services that include QuickBooks, accounting, full-service payroll, IRS representation, tax planning and preparation, and more. They are a member of the American Institute of CPAs®, Tennessee Society of CPAs, and are an Intuit QuickBooks Certified ProAdvisor.
Serving independent professionals, executives, and business owners, April D. Taylor focuses on providing clients with responsiveness, quality, and professionalism. Based in Knoxville and established in 2000, the company offers services that include tax problems and preparation, QuickBooks, non-profit organizations, audits, small business accounting, and more.
For over 30 years, Brown, Brown and Associates, P.C. focuses on dedicating their commitment to their clients, the surrounding communities, and their employees. Founded in 1973, they serve the Clarksville, Springfield, and surrounding areas. They offer services that include personal financial statements, tax services, consulting, bookkeeping, payroll, and more.
An accounting firm based in Knoxville, Carrier CPA Firm, PLLC focuses on a dedication to the principles of quality, responsiveness, and professionalism. Founded in 1985, the company provides services that include estate planning, tax preparation, payroll, bank financing, small business accounting, and more.
A full-service professional Coulter & Justus is a Knoxville-based firm with over 30 CPAs and a larger staff in employ. The company provides services that include wealth advisory, tax services, consulting, accounting and assurance, and more. They specialize in industries that include restaurants, healthcare, mining, closely held and family owned, International companies, employee benefit plans, and more.
Based in Knoxville, Gallati Professional Services serves clients nationwide for fiduciary clients, small businesses, and individuals. A relatively small boutique firm founded in 2008, they focus on personalized and high-quality service for each client. The company provides services that include estate, trust, and gift tax preparation corporate and partnership tax preparation; and business consulting. They are a Best of 2016 Thumbtack Award-winner and an Intuit Certified ProAdvisor for QuickBooks Online.
A professional accounting firm, HG&A Associates, P.C. is a Knoxville-based company that focuses on offering personal attention to each client by the director in charge of each engagement to build a partnership. Founded in 2001, the company provides services that include sales tax services, estate planning, consulting, tax services, IRS representation, consulting services, and more.
Serving individuals and small business, Knoxville Bookkeeping & Tax Service is based in Knoxville and established in 2015. The firm specializes in business consultation, bookkeeping, and tax preparation. They are a member of the National Association of Tax Professionals™ and an Enrolled Agent with the Internal Revenue Service.
Lawhorn CPA Group, Inc. focuses on serving individuals and small businesses with excellent consulting, tax, and accounting services. Founded in 1979 by Jeff Lawhorn, they operate with a “shared vision” mission statement that reflects on building respect, accountability, and trust with clients. The company provides services that include accounting services, payroll, bank reconciliation, cash and asset management, and more. They are a member of The Legacy Centre for Family Business and Entrepreneurship and are affiliated with Alexander, Tisdale & Wright, LLC.
A full-service accounting firm, Pinkstaff, Simpson & Headrick, PC is based in Knoxville and serves the surrounding areas with personalized and professional services. Established in 1991, they specialize in estate planning, consulting, accounting, and tax solutions with an emphasis on customer service. Other services the company offers include debt and finance advising, QuickBooks, payroll, mergers and acquisitions, IRS representation, and more.
Founded in 1969 by Will J. Pugh, Pugh CPAs focuses on building a relationship with each client to aid in a successful partnership. Based in Knoxville and Oak Ridge and serving the surrounding East Tennessee and surrounding states, the firm was originally opened as Pugh & Company, P.C. The company offers services that include small business advisory, business valuation, auditing and accounting, tax planning and compliance, litigation support, and more. They hold the #1 Accounting Firm Rating in 2011 by Knoxville Business Journal and are a member of the McGladrey Alliance.
A full-service CPA firm located in Knoxville, Ramsey-Haun, CPA, PC blends expertise and personal service for each client. Focusing on providing clients with responsiveness, quality, and professionalism, the firm offers personal attention to each client. The company also provides services that include QuickBooks, payroll, tax preparation, IRS audit representation, and more.
For over 30 years, Van Elkins & Associates, CPAs serves the Knoxville and East Tennessee areas and focuses on getting to know each client to better understand each business and their goals. Founded in 1973, the firm is still owned and run by founder Van. The company provides services that include tax planning, business valuation, accounting, consulting, litigation services, and more.
Independently owned and operated, Woodall Group CPAs & Advisors specializes in 401k EBP audits, business valuation, ESOP, and government contracting. They are a full-service accounting firm founded by Gregg Woodall in 2004. Based in Knoxville, the company also provides services that include new business formation, payroll, small business accounting, forensic accounting, non-profit organizations, and more. They are a member of CPAConnect, a member of the American Institute of Certified Public Accountants®, a member of the National Center for Employee Ownership, a member of the National Contract Management Association, and are a companion association to CPAmerica International.
In the early spring of every year, nearly everyone has a decision to make — should you try to file your taxes on your own or hire a tax professional? There are pros and cons to each option. For example, hiring someone to do your taxes isn't free, but it will ensure that you can take advantage of everything at your disposal when filing your tax returns.
You can file your tax returns between getting access to your annual income information and Tax Day. In most years, federal Tax Day occurs on April 15, but in 2020 and 2021, tax deadlines were delayed because of COVID-19, extending the filing period.
State and local minimums to file taxes vary concerning where you live. The federal minimums fluctuate depending on your age, filing status, and tax year. For example, if you filed in 2020 as single and under 65 years of age, your income needed to be at least $12,200.
If your income over a calendar year exceeds the threshold for your age group and filing status, you must file a federal tax return for that year. State and local rules vary. For example, there are some areas that don't have income tax at all and have different rules for filing taxes.
If you don't file and pay your taxes by the deadline, unpaid taxes will incur interest up to 25% of the unpaid amount. This, in addition to the unpaid amount, will be what you owe the IRS. Different states treat unpaid taxes differently and penalties range from fines to jail time.
Filing taxes involves getting your annual income documents and statements and filling out a tax return, which will tell you the amount you owe for the year. You can choose to fill out your returns yourself and mail them or file online. Or, you can hire a professional to fill out and file the returns for you.
There are several services that offer free filing of federal tax returns. The most notable are online services, including IRS.gov and TurboTax. You can also look around for community organizations that offer tax filing for free as a service for community members, including the local library.
If you're concerned about getting everything right and paying the right amount, you may want to hire someone to fill out and file your tax returns for you. You don’t need a tax accountant, but many people prefer not to have to worry about their taxes every year.
A tax accountant is a professional who receives training in federal, state, and local tax laws, codes, and proceedings. They are qualified to assist individuals in filing their taxes and are usually in a private practice or employed by a professional tax service.
Tax accounts ensure their clients' tax returns are filled out and filed correctly. They also advise clients on the correct documents to bring to their appointment and make sure they're aware of every credit or deduction available to them based on their specific circumstances.
According to Investopedia, the average cost of hiring a tax professional is usually between $146 and $457. If you have complex taxes or your income is higher than average, a tax accountant may charge higher fees because of the extra time and risk involved.
To see if your federal taxes were filed correctly, you can contact the IRS by phone or by going online — IRS.gov — and viewing your account. If you filed with an online service, check for a confirmation that your returns were accepted. For state and local taxes, contact tax departments where you live.
Technically, a dependent can file. They're only required to file taxes when their annual income is over the tax year's minimum threshold. With this in mind, if someone who is a dependent on another person's return expects to be eligible for a refund, they can, and should, file taxes for the year.
A minor can file taxes but isn't required to, outside of a few situations. The most common instance is when their income exceeds the standard deduction for the year. In most cases, the parent is allowed to include this return and income with theirs for the year.
It's legal to file your taxes, even if you didn't earn an income during the tax year. Many people choose to do this because even if you didn't pay any taxes for the year, you can still take advantage of eligible credits, carry over state deductions, and protect against future audits.
To file an extension with the IRS, you'll need to fill out Form 4868 and pay any taxes you owe so that you don't have to pay a penalty for unpaid taxes. The extension itself is not penalized — it gives you an extra six months to file your tax paperwork.
To file your returns for unpaid taxes that you owe, you'll need to gather the forms you would've filed with the old returns and file them. You can still take advantage of any credits and deductions that were active over the years you didn't file if you can show the necessary documents.
Married couples can choose to file taxes together or separately, but they’re encouraged to file together. The IRS extends several benefits for married couples who file jointly, so this is the most common option of the two.
To become a tax accountant, you need to receive a traditional bachelor's degree in accounting and training — either as part of your education or separately — in your local, state, and federal tax codes. Many tax professionals receive post-graduate certifications, such as the CPA, although this isn't required.
The annual earnings of tax accounts and preparers varies widely based on their level of experience and employer. According to Forbes, the average earnings for an accountant can reach $95,000 in some states, while tax preparers usually earn less.
Tax accountants are not required to be CPAs but many are. This is because accountants who are also CPAs are often looked at as being more credible and qualified if they're in private practice. It also qualifies them for more responsibilities as they move up in their careers.
