Tennessee Department of Economic and Community Development’s Post

What do you plan to buy during Tennessee's upcoming tax-free weekend? In this week's #FinancialTipFriday, Ascend gives you the rundown on Tennessee's annual sales tax holiday. Click https://lnkd.in/g5vcUUPD to learn more!

Utah now has a sales tax rate look up page to find the sales tax in your area. Not sure how to interpret all of this? That's why I'm here! https://lnkd.in/gMYcP9PK

Interesting since Tennessee is a no state income tax state. The Tax Foundation reports that the 5 states with the highest average combined state and local sales tax rates are Louisiana (9.565%), Tennessee (9.556%), Arkansas (9.47%), Washington (9.45%), and Alabama (9.29).

Did you know that when it comes to unpaid tax, the federal government isn't the only one who will come after you? Unpaid state sales tax can quickly snowball with penalties and fees, just like your federal taxes. On average, states charge a 6.4 percent interest fee on late remission of sales taxes. That might not seem like a huge amount, but there's another piece to the puzzle... The average PENALTY fee that states levy against a late filer of sales tax is 17.85 percent. 😳 You need to have someone on your side. We can work with states to set up a payout agreement or a payment plan to help you pay back what you owe, as well as help to repair the consequences of any federal actions.

Did you know that when it comes to unpaid tax, the federal government isn't the only one who will come after you? Unpaid state sales tax can quickly snowball with penalties and fees, just like your federal taxes. On average, states charge a 6.4 percent interest fee on late remission of sales taxes. That might not seem like a huge amount, but there's another piece to the puzzle... The average PENALTY fee that states levy against a late filer of sales tax is 17.85 percent. 😳 You need to have someone on your side. We can work with states to set up a payout agreement or a payment plan to help you pay back what you owe, as well as help to repair the consequences of any federal actions.

Did you know that when it comes to unpaid tax, the federal government isn't the only one who will come after you? Unpaid state sales tax can quickly snowball with penalties and fees, just like your federal taxes. On average, states charge a 6.4 percent interest fee on late remission of sales taxes. That might not seem like a huge amount, but there's another piece to the puzzle... The average PENALTY fee that states levy against a late filer of sales tax is 17.85 percent. 😳 You need to have someone on your side. We can work with states to set up a payout agreement or a payment plan to help you pay back what you owe, as well as help to repair the consequences of any federal actions.

Did you know that when it comes to unpaid tax, the federal government isn't the only one who will come after you? Unpaid state sales tax can quickly snowball with penalties and fees, just like your federal taxes. On average, states charge a 6.4 percent interest fee on late remission of sales taxes. That might not seem like a huge amount, but there's another piece to the puzzle... The average PENALTY fee that states levy against a late filer of sales tax is 17.85 percent. 😳 You need to have someone on your side. We can work with states to set up a payout agreement or a payment plan to help you pay back what you owe, as well as help to repair the consequences of any federal actions.

Did you know that when it comes to unpaid tax, the federal government isn't the only one who will come after you? Unpaid state sales tax can quickly snowball with penalties and fees, just like your federal taxes. On average, states charge a 6.4 percent interest fee on late remission of sales taxes. That might not seem like a huge amount, but there's another piece to the puzzle... The average PENALTY fee that states levy against a late filer of sales tax is 17.85 percent. 😳 You need to have someone on your side. We can work with states to set up a payout agreement or a payment plan to help you pay back what you owe, as well as help to repair the consequences of any federal actions.

Tax Free Weekend Begins - Everything You Need to Know -- https://lnkd.in/eenPqG3u

When you retire, you may want to move to another state, perhaps because the weather is more temperate or because you want to be closer to family members. Don’t forget to factor state and local taxes into the equation. It may seem like a state with no income tax is a wise choice, but you should also consider property and sales taxes, as well as any state estate taxes. If you move to a new state and want to escape taxes in the state you came from, it’s important to establish legal domicile in the new location. Take steps such as changing your mailing address, and registering to vote and getting a driver’s license in the new state. Axley & Rode can answer any questions and file required tax returns. Read more on our blog: https://bit.ly/3uffAjp