Clark & Addison specializes in federal and state income tax preparation for individuals and all business entities:

Sole Proprietors

Partnerships

LLC’s

Corporations

Clients served cover the full spectrum of industries:

Art, Music, Entertainment

Farming and Agriculture

Aviation, Trucking, Logistics

Construction and Specialty Trade Contractors

Medical, Health and Fitness

Architecture, Engineering

Consulting

Real Estate

Interior Design

Social Media

Clark & Addison is prided in quality work, fair prices, and a swift turn-around time. Clients with in-office appointments typically have their taxes completed and e-filed the same day. Clients with virtual/drop-off appointments typically have their taxes completed within two weeks.

Secretary of State renewals and business license renewals are available to all business clients.

Life events and new ventures can be more successful and less stressful if you have a solid understanding of the tax implications.

Common life events that warrant special attention and tax planning are:

Changing Jobs

Managing Multiple/Supplemental Incomes

Retirement

Drawing Social Security Benefits

Starting a Business

Purchasing/Selling a Business

Purchasing Business Assets

Purchasing/Selling Investments or Property

Marriage and Divorce

Dependents: Birth, Adoption, Education, Employment

While Clark & Addison’s primary focus is tax preparation and planning, we do bookkeeping in-house as well as work in conjunction with Summer Dove Bookkeeping to provide our clients with a thorough and comprehensive solution to their ongoing monthly accounting needs.

Depending on your level of accounting knowledge, QuickBooks can be difficult and intimidating. If your preference is to manage your own bookkeeping, but need initial guidance, Clark & Addison can help setup your QuickBooks account so you have a firm foundation for your financial record keeping.

If your QuickBooks account is already up and running, but you encounter a problem or need help entering a specific transaction, asset purchase, liability, etc., we offer solutions without a commitment to our bookkeeping services.

Payroll services are tailored to suit your needs.

Services Provided:

Processing payroll through your QuickBooks or Gusto account

Employee Profile Setup in QuickBooks and Gusto

Federal and State Payroll Tax Filings

W2 and 1099 Preparation and E-Filing

W2 and 1099 preparation and e-filing for wages, contract labor, rents, interest, and other reportable payments you’ve made during the year.

Starting in 2024, if you have 10 or more information returns, they must be filed electronically. Let us prepare and e-file the information for you so you can avoid the headache of setting up an account with the IRS and the Social Security Administration.

Monthly, quarterly, and annual sales tax submissions are available to Tennessee businesses.

In 2021, Congress passed the Corporate Transparency Act. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.

A company created or registered to do business before January 1, 2024, will have until January 1, 2025 to file its initial beneficial ownership information report.

A company created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report.

Reporting companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.

When starting a new business, the type of entity you establish is a critical step. Establishing an entity that doesn’t fit your business needs is an easy mistake. Clark & Addison provides a unique perspective by layering the tax implications and reporting requirements with the overall pros and cons of each entity type.

Clark & Addison does not provide legal advice but does regularly refer clients to trusted attorneys who can provide for your specific needs.

Our business formation service includes:

Federal EIN Application

Secretary of State Registration

State Department of Revenue Registration

Initial FinCEN BOI Report

Basic Operating Agreement

Business formation services are limited to Tennessee businesses.