When are Tennessee business taxes due?

Business owners often ask: when are Tennessee business taxes due? Understanding these deadlines is essential to avoid penalties, maintain compliance, and keep your business in good standing. Here’s a quick guide:

1. Franchise & Excise Taxes

• Due April 15th for calendar-year businesses.
• Fiscal-year businesses must file returns by 15th day of fourth month after their fiscal year wraps up roughly.
• Quarterly estimated payments may be required.

2. Business Tax (Gross Receipts Tax)

• Typically due April 15th for calendar-year filers.
• Based on gross receipts, with rates varying by business type.

3. Sales & Use Tax

• Filing frequency depends on your revenue:
• Monthly: Due the 20th of the following month.
• Quarterly: Due the 20th of the month following the quarter’s end.
• Annually: Due January 20th for the previous year.

4. Employer Taxes

• Unemployment tax reports generally due quarterly, by the last day of the month following each quarter.

Many businesses partner with professionals like One IBC USA to ensure timely filings and compliance with Tennessee’s tax requirements.

So, when are Tennessee business taxes due? Mark your calendar carefully and seek expert assistance to keep your business on track.