Tennessee has no income tax, but the franchise and excise tax hit businesses directly. Nashville is booming. Smart entity structuring and federal optimization make the difference.
No state income tax (Hall Tax on investment income fully repealed 2021). TN has a franchise & excise tax on businesses.
No local income tax. TN franchise tax ($0.25 per $100 of net worth or real/tangible property) and 6.5% excise tax on net earnings.
A Nashville real estate developer with a $9M portfolio was overpaying TN excise tax due to entity structure. After restructuring and performing cost segregation on four properties, year-one savings totaled $134,000.
Minimize Tennessee excise tax through entity structuring, deductions, and proper income characterization.
Learn more →Optimize your business structure across LLCs, S-Corps, and holding companies to minimize tax exposure and maximize protection.
Learn more →Reclassify building components to 5, 7, or 15-year property for accelerated depreciation and massive first-year deductions.
Learn more →Go beyond a basic 401(k). Cash balance plans, defined benefit plans, and hybrid structures multiply your tax-advantaged savings.
Learn more →Deduct the full purchase price of qualifying equipment, vehicles, and assets in the year they are placed in service.
Learn more →We serve Nashville business owners remotely with the same depth as a local firm. Our Tax Intelligence Framework starts with a comprehensive review of your financials, entity structure, and current tax position. We then build a custom strategy and implement it.
We work alongside your existing CPA, not replacing them. Learn more about our tax strategy service or read about how we work alongside your CPA.
Book a free review and we'll identify exactly how much you're overpaying and the strategies to fix it.
Tell us about your business and we'll identify every savings opportunity available to you.