Tennessee franchise and excise taxes for LLCs

Fractional CFO & CPA Services in Tennessee

Tennessee has no tax on wages, but LLCs pay franchise and excise taxes, and the sales tax rate is among the highest in the nation. NexusWorks provides CPA-led bookkeeping, tax planning and fractional CFO services to Tennessee businesses remotely.

Remote CPA support across Tennessee

Tennessee filings tracked for you

Monthly reporting included

On-Time Delivery

99.7 %

Acceptance Rate

95 %

Completed Projects

200 +

Client Engagements

100 +

How We Support Tennessee Businesses

Nashville healthcare management firms, Memphis logistics companies, music businesses and auto suppliers need careful entity-level tax planning. We provide monthly accounting, franchise and excise tax returns and sales tax filings.

Bookkeeping & Accounting

Best For:

Owners in Nashville and Memphis who are behind on their books

Fractional CFO Services

Best For:

Music and entertainment businesses planning their next stage

Tax Planning & Strategy

Best For:

Tennessee owners who want to plan taxes before year-end

Tax Compliance & Filing

Best For:

Companies new to Tennessee rules and filing dates

Tennessee Tax Strategy

Tennessee tax planning centers on the franchise and excise taxes and the gross receipts-based business tax, since there is no tax on wages. We model entity structure and property ownership to manage both.

Franchise and Excise Tax

Tennessee LLCs generally owe the excise tax on net earnings and the franchise tax on net worth. We calculate both every year.

Business Tax

Tennessee also has a gross receipts business tax filed with the state. We register and file it.

High Sales Tax Rates

State and local sales tax can approach 10%. We set up collection and filing correctly.

Trusted CPA & Fractional CFO Services in Tennessee

Tennessee has no tax on wages, but businesses pay the franchise and excise taxes and a gross receipts-based business tax. Companies in Nashville, Memphis, Knoxville and Chattanooga work in healthcare, music and entertainment, logistics and automotive manufacturing. NexusWorks helps Tennessee businesses stay compliant and plan proactively.

Looking for specialized help? See our real estate CPA and fractional CFO services in Tennessee and e-commerce CPA services for Tennessee sellers.

CPA advising a business owner on financial reports
Industries We Serve

Who We Work With in Tennessee

We serve Tennessee healthcare companies, music and entertainment businesses, logistics firms, automotive suppliers and real estate investors in Nashville, Memphis, Knoxville and Chattanooga.

Professional Firms

Accounting support for Memphis and Nashville firms that bill by the hour or by project.

Real Estate Businesses

Tennessee rental owners and developers get clean records by property and help with cost segregation decisions.

Multi-State Businesses

Businesses based in Tennessee with customers or staff elsewhere get state-by-state compliance tracking.

eCommerce & Digital Businesses

Shopify, Amazon and DTC brands based in Tennessee get inventory, fee and payout reconciliation every month.

Healthcare

Medical, dental and therapy practices in Nashville and Knoxville get payer reconciliation and payroll support.

High-Income Business Owners

With no Tennessee income tax on wages, we focus on federal strategy, retirement plans and entity choice for owners with large incomes.

Why Tennessee Owners Work With Us

We prepare Tennessee franchise, excise and business tax returns.

Senior CPA review on books, returns and reports.

Remote service across Tennessee, with video meetings and secure document sharing.

Bookkeeping, tax and CFO support in one team, so nothing is lost between providers.

Transparent monthly fees, no long-term lock-in.

Request An Instant Consultation

Or Call Us Today At +1 310-810-1790

What Business Owners
Say About Nexus

Trusted by 200+ happy
customers & counting

Areas we cover

Serving Businesses Across Tennessee

We work with businesses in Nashville, Franklin, Memphis, Knoxville and Chattanooga through video meetings and secure tools.

Major Business Cities

Parks
High Schools
Key Landmarks
Colleges / Uni
Charities
Key Roads

Plan Tennessee Franchise and Excise Tax

Book a call to review F&E tax, sales tax and bookkeeping for your Tennessee company.

Why Businesses Work With

NexusWorks

CPA-led execution with senior oversight
Bookkeeping, tax and CFO in one team
Secure, SOC 2 Type II infrastructure
Clear pricing, no long-term contracts
Remote service across Tennessee

Frequently Asked Questions

NexusWorks accounting team answering client questions

Yes. NexusWorks provides comprehensive financial support for Tennessee businesses, including bookkeeping, tax planning, tax compliance, financial advisory, and Fractional CFO services. These services can be tailored to growing businesses and provide greater visibility into cash flow, profitability, and financial performance.

Yes. NexusWorks provides Fractional CFO services for businesses that need support with financial forecasting, budgeting, cash flow management, strategic planning, and business growth without hiring a full time CFO. Tennessee businesses can also benefit from financial advisory and optimization when making important financial decisions.

Most Tennessee corporations and LLCs pay the excise tax on net earnings and the franchise tax based on net worth or real property. These apply even though Tennessee has no personal income tax on wages. We calculate both through our tax compliance service.

Tennessee’s business tax is a gross receipts tax imposed by the state and by cities and counties, filed annually with the Department of Revenue. Rates depend on business classification. We help you classify receipts and file accurately.

Yes. We support healthcare practices and music and entertainment companies with bookkeeping, royalty and project tracking, and Fractional CFO guidance.

Tennessee has no state income tax on wages and a 7% state sales tax. LLCs here generally face an annual report. Also note that LLCs pay franchise and excise taxes. We map which of these apply to your business and add each one to your compliance calendar.

Yes. Most Tennessee LLCs pay the franchise and excise taxes at the entity level, and many also pay the business tax. We prepare these returns.

Yes. Our office is in Torrance, California, and we work with Tennessee clients through video meetings, secure portals and cloud accounting software. Your books, taxes and reports are handled by the same CPA-led team.