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Tennessee Business Owners: Simplify Your Finances

Tennessee has no personal income tax, but businesses pay a combined Franchise & Excise Tax (6.5%), and the state has one of the highest sales tax rates in the nation (7% state + local up to 2.75%). Our Tennessee-focused team helps Nashville, Memphis, Knoxville, and statewide businesses stay compliant.

  • TN Franchise Tax – based on net worth or real property
  • TN Excise Tax – 6.5% on net earnings
  • Sales & Use Tax (7% state + local up to 2.75% = up to 9.75%)
  • Business tax (gross receipts tax for some entities)
  • TN withholding & unemployment (DOL)
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TN-Specific Requirements We Handle

Franchise & Excise Tax

Combined 6.5% rate. Franchise tax on net worth or property; excise tax on net earnings. We file Form FAE 170, Schedule F, and estimated payments.

Sales & Use Tax

State rate 7% + local (1.5-2.75%). Nashville total 9.25%, Memphis 9.75%. Over 100 local jurisdictions. We handle district allocation and remote seller nexus.

Business Tax

Gross receipts tax for certain service businesses (not subject to franchise/excise). Rates vary by classification. We track thresholds and file Form B.

Rates, thresholds, and deadlines mentioned on this page are general information and change often. Confirm current figures with the Tennessee tax agency or a licensed advisor before acting on them.

We Help TN Businesses Across Industries

Entertainment & Music

Recording studios, publishing

Logistics & Distribution

FedEx hub, warehousing

Automotive Manufacturing

Nissan, GM, parts suppliers

Healthcare

Hospitals, medical practices

Tennessee Business Pricing

Affordable plans – with TN expertise included

Essential

$199/mo
  • Monthly bookkeeping
  • Up to 100 transactions
  • TN tax reminders
Choose Essential

Enterprise

Custom
  • 400+ transactions
  • Multi-entity TN reporting
  • Business tax & IRS notice guidance
Contact Sales

Starting prices in US dollars. Your final quote depends on transaction volume and complexity. See full pricing.

Ready to Master Your Tennessee Business Finances?

Get a free consultation about your Tennessee business finances.

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