Thanks to the recently enacted Employer Reporting Improvement Act and Paperwork Burden Reduction Act, two key changes will...
ACA Reporting Requirements Revised for 2025
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IRS Announces 2025 Retirement Plan Contribution Limits
The IRS has released the updated contribution limits for retirement plans in 2025. These changes apply to 401(k), IRA,...
IRS 2025 Inflation Adjustments for Tax Provisions
The IRS has released the 2025 inflation adjustment figures for over 60 tax provisions in Revenue Procedure 2024-40. Many...
Tax Relief for Those Affected by Tropical Storm Helene
by Stephen Bevins Following Tropical Storm Helene, BCS is here to help our clients and community in any way we can. The IRS...
IRS Tax Relief – Tropical Storm Helene
by Nick Hill The Internal Revenue Service (IRS) has announced disaster tax relief for individuals and businesses impacted...
Operations Update
Clients and Friends, We are deeply saddened by the devastation that has hit our region. All the communities around us are...
Project Gray
Current Legislative Changes: Tennessee Franchise Tax
by Nathan Hsiao On Thursday, April 25th, Tennessee legislation passed changes to the franchise tax calculation. Previously,...
Exciting Things Ahead
by Andy Hatfield We are happy to announce that our Johnson City and Kingsport offices are consolidating and moving to be...
Tennessee Works Act
by John Steadman In April, the Tennessee General Assembly passed the Tennessee Works Tax Act. The Tennessee Works Tax Act...
2023 Energy Tax Credit
by Sam Alford Signed into law on August 16th, 2022, the Inflation Reduction Act (IRA) expanded the tax credit for energy...
BCS Gives Back: Christmas in September
BCS volunteers headed to Greeneville for a day of painting fences and hanging Christmas lights at Holston Home. [divider...