Many businesses are tax exempt in Tennessee, allowing both large and small companies alike to buy goods for their company without paying taxes to the state. The justification is that investment into a business is a positive for the state, helping to keep people employed. And for a retailer, it prevents products from being taxed twice – once when the retailer buys it in bulk, and again when the consumer buys it. A Tennessee Tax Exemption Attorney can help a business get the right paperwork filed in order to get this benefit.
In order to receive this exemption, a business owner or registered agent must fill out the paperwork associated with their particular business or non-profit organization. A Tennessee Tax Exemption Attorney can discuss your particular organization to determine if it may be eligible for tax exemption. If so, they will find the right paperwork for your business and explain what records need to be retained should you be audited. This way, you can avoid having to pay back sales taxes and other penalties for not keeping the correct records.
Attorney Ted “Tab” Burkhalter is also a Tennessee licensed CPA with an MBA in business management. Coupled with his real-world experience as CFO and controller of his own manufacturing and consulting businesses and other public and privately held Tennessee corporations, his background translates to insightful and sound advice on taxation, business and personal financial matters.
Our clients are business owners, professionals and individuals in Blount County, Knox County and throughout eastern Tennessee. Mr. Burkhalter also advises clients nationwide on tax law matters. We value a long-term, ongoing relationship with our clients, helping them meet new challenges as their businesses grow and personal circumstances change.