The IRS has announced that the standard mileage rates are increasing. Beginning July 1, 2022, the rates are 62.5 cents per…

We are sharing the latest from the IRS about their enhancement to the “Where’s My Refund?” tool. Taxpayers can now…

Meet Hayley, a tax preparer at PHB. Hayley joined the firm in January of 2020 as an administrative assistant soon…

Beginning in July 2021, the IRS began sending payments to qualifying families.  A qualifying family is one that has a…

On September 8, 2021, the U.S. Small Business Administration (SBA) announced following key changes to the COVID-19 Economic Injury Disaster…

The IRS announced that victims of severe storms, straight-line winds, tornadoes and flooding that began in Tennessee March 25, 2021…

PHB CPAs is one of the best CPA firms Franklin, TN, has to offer. So, you know you can count…

As many of you have now heard, the IRS has extended the 2020 tax filing deadline by one month to…

The Consolidated Appropriations Act-2021 signed into law on Dec. 27, 2020, creates a temporary 100% deduction for business meals provided…

The Shuttered Venue Operators (SVO) Grant program was established by The Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues…

The Labor Department released the Final Rule on Wednesday to loosen regulations for defining an employee vs. an independent contractor. The…

Be sure to read about this tax credit if you are a Home Builder and/or Multifamily Developer: If you are…

Did you receive a Paycheck Protection Program (PPP) loan in tax year 2020? Has your loan been forgiven in 2020…

If you’ve been in business more than 38 years, you may remember form 1099-NEC. Prior to 1982, this was the…

Looking for an auditor position? We are hiring for that role at our growing CPA firm in Franklin, Tennessee. See…

The COVID-19 global pandemic sparked an unprecedented health and economic crisis; in response, Congress established the Coronavirus Aid, Relief, and…

Earlier this year, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help mitigate the health and…

Attention business owners! Wondering if you are on the list of eligible businesses for relief in Tennessee? You can check here: Tennessee…

On August 8, 2020 the President signed Presidential Memorandum regarding deferment of payroll taxes.  It’s important to note that this…

This year, more than ever, you may need professional tax preparation to take advantage of the new tax ramafications of…

Tax credits are one of the most powerful ways to lower your income taxes. A tax credit reduces your tax…

Attention business owners: Please do not to ignore the letters from the Department of Revenue – Here’s why: The State…

Help for Tennessee small businesses is on the way. The Tennessee Business Relief Program has over $200,000,000 in federal Coronavirus…

As you know, we like to keep our clients and friends of the firm up to date on the latest…

Updated April 16, 2020 Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the…

You are a valued client and/or friend of PHB! We have been taking webinars, reading the law and seeking advice…

As always, we try our very best to keep our clients and friends of the firm up-to-date when it comes…

The US Treasury department officially moved tax day from April 15 to July 15.  This was welcome news to us…

Tax relief for tornado victims in Tennessee is here. As one of the most trusted accounting firms in Nashville, PHB…

The PHB staff will be working from home until further notice. We will not be having any in-person meetings during…

At PHB the health and safety of our employees and clients is a top priority. We are monitoring the quickly…

    Meet Tori Davis! She’s a Bookkeeping Specialist at PHB. Tori joined our firm in   2014 and we enjoy…

Whenever you start a new job, or if you want to adjust the amount of income tax withheld from your paycheck, you have to fill out a W-4 Form. For 2020…

Meet Joan Smith, CPA, a Tax Specialist here at PHB. Joan joined the PHB team in 2018 as part of…

 Meet Kim Luna, PHB’s Office Manager. Kim joined the PHB admin team in January of 2016 as an administrative assistant…

Our clients frequently ask this question, “What is the difference between the roles of a CPA and an outsourced-CFO?” Both…

Business owners may qualify for a home office deduction that can help them save money on their taxes. Taxpayers may…

We couldn’t be more proud of our two Power Leaders in Finance! Both Lisa and Craig are being recognized by…

With half of 2019 gone, now is a great time for businesses to meet with their CPAs and tax advisors…

Starting at age 70 ½, Required Minimum Distributions (RMDs) must be taken from your traditional IRA. These required distributions are…

Tax Cuts and Jobs Act and Its Effect on Unrelated Business Income Tax Form 990-T has been redesigned and has…

Much attention has been drawn to a specific aspect of the Tax Cuts and Jobs Act, President Trump’s landmark tax…

Financial Statement Presentation: Not-for-Profit Entities The implementation of ASU 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit…

Meet Christy Cox, PHB’s Bookkeeping Department Manager. Christy joined the PHB team 7 years ago as part of an acquisition….

Patterson Hardee & Ballentine CPAs (PHB) is pleased to announce that Stephen Nestor, CPA, of Franklin, Tennessee, owner of Nestor…

        Meet Craig Foster, PHB’s Senior Tax Manager. Craig joined the PHB six years ago and has been…

Meet Julie Mayer, CPA, PHB’s Senior Audit Manager. Julie joined the PHB staff almost 3 years ago and she has…

A Closer Look at Worker Classification Workers are an integral part of making any company successful and leveraging these relationships…

“Why do it today if you can put it off ’til tomorrow?” These are not the best words to live…

Just stop for a moment and think about how many small business owners you know personally (friends or relatives) who…

We are so proud to announce that both Lisa Patterson and Sarah Hardee are being recognized among the 100 Top…

There are several sources of revenue that are not subject to income tax. Just in case you aren’t exactly sure…

This is the time of the year when many employers give deserving employees a reward for a job well done,…

Why and How to Backup Your QuickBooks Company file By PHB Guest Blogger, Matt Jacobs, Client It Manager, Advanced Network…

Are you afraid that your personal information may have been compromised in the Equifax data breach?  Equifax has agreed to…

The Jury Duty scam is back… alive and unfortunately, still well. So we feel it is our duty to spread…

Deduction opportunities abound for people who know the importance of saving their receipts and keeping proper documentation. Make sure you’re…

With the current, business-friendly policies coming out of Washington DC, now might be a great time to start a new…

As a vacation traveler, you may have stayed in a bed and breakfast or made a reservation in a home…

Form I-9 is the “Employment Eligibility Verification” form issued by the U.S. Citizenship and Immigration Services (USCIS) and required by…

Many people think of a “dependent” as a minor child who lives with you. This is true, but it’s important…

For many taxpayers, especially those who own a business, a year-end tax planning meeting with your CPA is a must….

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating…

As a small business owner, many decisions that you make when you are just getting started have a serious impact…

Bookkeeping is one of the critical activities in any company. Without it, a business really can’t operate. But unless you…

It appears that scammers claiming to be from the IRS are at it again…  Callers imitating the IRS are making…

If your child is planning to work this summer, make sure you know the tax basics. Tax returns. Assuming no…

If you’re searching for payroll companies in Franklin, Brentwood or Cool Springs then you need to take a look at…

Simply put, having your Federal Income Tax return extended means that you have an additional six months to file. To…

Are you planning to itemize on your 2015 federal income tax return? If so, you can claim a deduction for…

If you have an individual retirement account, you’re aware of how complicated the rules can get. Here are four rules…

Did you buy equipment or other business assets during 2015? Here are the current rules for maximizing your tax deduction….

If you’re a businesses owner in Brentwood, Franklin or Greater Nashville and need help with QuickBooks then PHB CPAs QuickBooks…

In December, the IRS extended the time to file for employers who were required to provide health care information forms…

While retirement plan contribution limits have not increased for 2016, taking full advantage of allowable contributions and any amounts your…

In mid-December, Congress renewed a long list of tax breaks known as “extenders” that have been expiring on an annual…

Attention business owners and entrepreneurs: Do you have an exit plan for your business? Whether you’re thinking of selling your…

Tip #1: Check whether your children need to file a 2015 tax return. They’ll need to file if wages exceeded…

No matter what type of business you operate, January is busy. You’re trying to get your business off to a…

When planning gifts for children on your holiday list, you might want to think beyond the traditional retail offerings. Consider…

That ticking you hear is the tax clock winding down – quickly. There is only a very short time left…

Exchanging gifts, entertaining family and friends, and extending goodwill to others are the activities that make holidays joyful. But sometimes…

Click here for the .PDF version of the Tennessee Business Tax Guide.  

We love to share helpful information with our customers and friends… Check out the latest version of the S.B.A.’s Resource…

Does your business accept credit cards? You may already know of the recent update to a new style of cards…

PHB Partner, Craig Ballentine highlights the candidates’ tax positions and how they may impact our next President’s position on tax reform……