Nanney Group - Nashville, TN

Nanney Group - Nashville, TN No annoying advisory and financial lingo. Just straight, authoritative and friendly advice. Visit us: www.nanneygroup.com
Or give us a call: 615-283-7566

Accounting is what we do best. Nanney group is a locally owned certified accounting firm specializing in accounting and consulting. As trusted advisors, our team can also provide guidance in other areas, such as assisting you and your financial planner with tax planning, estate planning, and business start-up/exit planning. We are licensed in Tennessee, and are professional, experienced, and affor

dable. Our team offers a broad range of services for business owners, executives, and independent professionals. Thinking of owning your own business? Opening your own business is exciting and thrilling. It's everything that comes after that dictates whether a small business will make it or not. Let us use our expertise to help you.

๐™’๐™๐™š๐™ฃ ๐™ฌ๐™ž๐™ก๐™ก ๐™Ž๐™ฆ๐™ช๐™–๐™ง๐™š, ๐™Ž๐™ฉ๐™ง๐™ž๐™ฅ๐™š, ๐™‹๐™–๐™ฎ๐™‹๐™–๐™ก, ๐™ค๐™ง ๐™‘๐™š๐™ฃ๐™ข๐™ค ๐™จ๐™š๐™ฃ๐™™ ๐™ข๐™ฎ ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™– ๐™ฉ๐™–๐™ญ ๐™›๐™ค๐™ง๐™ข?For the 2026 tax year, payment apps and online ma...
06/19/2026

๐™’๐™๐™š๐™ฃ ๐™ฌ๐™ž๐™ก๐™ก ๐™Ž๐™ฆ๐™ช๐™–๐™ง๐™š, ๐™Ž๐™ฉ๐™ง๐™ž๐™ฅ๐™š, ๐™‹๐™–๐™ฎ๐™‹๐™–๐™ก, ๐™ค๐™ง ๐™‘๐™š๐™ฃ๐™ข๐™ค ๐™จ๐™š๐™ฃ๐™™ ๐™ข๐™ฎ ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™– ๐™ฉ๐™–๐™ญ ๐™›๐™ค๐™ง๐™ข?

For the 2026 tax year, payment apps and online marketplaces are expected to send Form 1099-K only if your business processes more than $20,000 in gross payments and has more than 200 transactions on the platform.

If you use a traditional direct merchant credit card processor, the 200-transaction threshold does not apply. Card payments will be reported on Form 1099-K regardless of the amount.

Not receiving a tax form doesnโ€™t mean the income can be left off your business records or tax return.

If money came into your business, your records should show the gross sale, any processor fees, refunds or chargebacks, and the final deposit.

On a scale of 1 to 10, how confident are you that your payment app fees, refunds, and chargebacks are being tracked correctly in your books?

๐™’๐™๐™–๐™ฉ ๐™จ๐™ข๐™–๐™ก๐™ก ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™˜๐™ค๐™จ๐™ฉ-๐™˜๐™ช๐™ฉ๐™ฉ๐™ž๐™ฃ๐™œ ๐™จ๐™ฉ๐™ง๐™–๐™ฉ๐™š๐™œ๐™ž๐™š๐™จ ๐™ฌ๐™ค๐™ง๐™ ๐™š๐™™ ๐™ž๐™ฃ 2025?JPMorgan Chaseโ€™s 2026 Business Leaders Outlook found that bus...
06/18/2026

๐™’๐™๐™–๐™ฉ ๐™จ๐™ข๐™–๐™ก๐™ก ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ ๐™˜๐™ค๐™จ๐™ฉ-๐™˜๐™ช๐™ฉ๐™ฉ๐™ž๐™ฃ๐™œ ๐™จ๐™ฉ๐™ง๐™–๐™ฉ๐™š๐™œ๐™ž๐™š๐™จ ๐™ฌ๐™ค๐™ง๐™ ๐™š๐™™ ๐™ž๐™ฃ 2025?

JPMorgan Chaseโ€™s 2026 Business Leaders Outlook found that business owners made several changes in response to cost pressure:

โ€ข 38% reduced non-essential expenses
โ€ข 32% raised prices on all products or services
โ€ข 31% added new products or services
โ€ข 30% raised prices on select products
โ€ข 25% invested in technology to improve operations

Which of these changes did you make in your business in 2025?

๐™„๐™จ ๐™ข๐™ฎ ๐™จ๐™ฉ๐™ช๐™™๐™š๐™ฃ๐™ฉ ๐™ก๐™ค๐™–๐™ฃ ๐™›๐™ค๐™ง๐™œ๐™ž๐™ซ๐™š๐™ฃ๐™š๐™จ๐™จ ๐™ฉ๐™–๐™ญ๐™–๐™—๐™ก๐™š ๐™ฉ๐™๐™ž๐™จ ๐™ฎ๐™š๐™–๐™ง?For loans forgiven in 2026, the answer depends on which forgiveness pro...
06/17/2026

๐™„๐™จ ๐™ข๐™ฎ ๐™จ๐™ฉ๐™ช๐™™๐™š๐™ฃ๐™ฉ ๐™ก๐™ค๐™–๐™ฃ ๐™›๐™ค๐™ง๐™œ๐™ž๐™ซ๐™š๐™ฃ๐™š๐™จ๐™จ ๐™ฉ๐™–๐™ญ๐™–๐™—๐™ก๐™š ๐™ฉ๐™๐™ž๐™จ ๐™ฎ๐™š๐™–๐™ง?

For loans forgiven in 2026, the answer depends on which forgiveness program your discharge came from.

Some forgiveness is still tax-free at the federal level, including:
โ€ข Public Service Loan Forgiveness
โ€ข Teacher Loan Forgiveness
โ€ข Death discharge
โ€ข Many total and permanent disability discharges

But if your forgiveness comes through a long-term Income-Driven Repayment plan, you may need to plan for a federal tax bill.

If your loans are being forgiven this year, donโ€™t wait until tax time to check your paperwork.

DM us to schedule a time to review your forgiveness program, discharge date, and what it could mean for your return.

06/16/2026

The economy added 172,000 jobs in May.

So why does hiring still feel so hard for your business?

The report looked strong overall, but growth wasnโ€™t spread evenly across every industry.

If youโ€™re struggling to find employees, it might be time to look at the team you already have:

โ€ข Who could grow with a little training?
โ€ข What tasks could be shared differently?
โ€ข What tools could take pressure off the team?

When hiring feels stuck, start inside your own business.

https://www.hr-brew.com/stories/may-job-growth-uneven-labor-market?mbcid=46039271.4093642&mblid=2a8ee9dc8a40&mid=07b33c9f5339a15bd3763206a28228ec&utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew

06/15/2026

๐™’๐™๐™–๐™ฉ ๐™จ๐™๐™ค๐™ช๐™ก๐™™ ๐™„ ๐™™๐™ค ๐™ž๐™› ๐™ข๐™ฎ ๐™ฃ๐™ค๐™ฃ๐™ฅ๐™ง๐™ค๐™›๐™ž๐™ฉโ€™๐™จ ๐™ง๐™š๐™˜๐™ค๐™ง๐™™๐™จ ๐™™๐™ค๐™ฃโ€™๐™ฉ ๐™ข๐™–๐™ฉ๐™˜๐™ ๐™ฌ๐™๐™–๐™ฉ ๐™ฌ๐™š ๐™ง๐™š๐™ฅ๐™ค๐™ง๐™ฉ๐™š๐™™ ๐™ค๐™ฃ ๐™๐™ค๐™ง๐™ข 990?

Start by reviewing why there is a difference between your records and what was reported on Form 990.

Is it a revenue issue? Were expenses not recorded accurately (or missed)? Were there donor restrictions or board approvals involved? Was unrelated business income overlooked?

When you see a discrepancy, take time to compare the return against your:
โ€ข Financial records
โ€ข Board minutes
โ€ข Donor restrictions
โ€ข Program activity
โ€ข Unrelated business income records

If something doesnโ€™t match, we can help you review the issue, document what happened, and decide what needs to be corrected. DM us to schedule an appointment.

๐˜พ๐™ค๐™ช๐™ก๐™™ ๐™– ๐™ก๐™–๐™ฉ๐™š ๐™๐™ค๐™ง๐™ข 990 ๐™ฅ๐™ช๐™ฉ ๐™ข๐™ฎ ๐™ฃ๐™ค๐™ฃ๐™ฅ๐™ง๐™ค๐™›๐™ž๐™ฉ ๐™–๐™ฉ ๐™ง๐™ž๐™จ๐™ ?Yes, if a nonprofit misses 3 Form 990 filings in a row, its tax-exempt st...
06/12/2026

๐˜พ๐™ค๐™ช๐™ก๐™™ ๐™– ๐™ก๐™–๐™ฉ๐™š ๐™๐™ค๐™ง๐™ข 990 ๐™ฅ๐™ช๐™ฉ ๐™ข๐™ฎ ๐™ฃ๐™ค๐™ฃ๐™ฅ๐™ง๐™ค๐™›๐™ž๐™ฉ ๐™–๐™ฉ ๐™ง๐™ž๐™จ๐™ ?

Yes, if a nonprofit misses 3 Form 990 filings in a row, its tax-exempt status is automatically revoked. And even before it gets to that point, late or missing filings can raise questions with the IRS.

Make sure you're...
โ€ข Tracking donated dollars
โ€ข Using restricted funds as promised
โ€ข Reporting activities accurately
โ€ข Keeping nonprofit money separate from private benefit

And if your Form 990 is filed, review it against your records while the details are still fresh. (Or let us handle it for you.)

๐™’๐™๐™–๐™ฉ ๐™™๐™ค ๐™„ ๐™–๐™˜๐™ฉ๐™ช๐™–๐™ก๐™ก๐™ฎ ๐™ฃ๐™š๐™š๐™™ ๐™ฉ๐™ค ๐™›๐™ž๐™œ๐™ช๐™ง๐™š ๐™ค๐™ช๐™ฉ ๐™—๐™š๐™›๐™ค๐™ง๐™š ๐™„ ๐™จ๐™ฉ๐™–๐™ง๐™ฉ ๐™– ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ?A new idea doesnโ€™t have to be perfect before you try it....
06/11/2026

๐™’๐™๐™–๐™ฉ ๐™™๐™ค ๐™„ ๐™–๐™˜๐™ฉ๐™ช๐™–๐™ก๐™ก๐™ฎ ๐™ฃ๐™š๐™š๐™™ ๐™ฉ๐™ค ๐™›๐™ž๐™œ๐™ช๐™ง๐™š ๐™ค๐™ช๐™ฉ ๐™—๐™š๐™›๐™ค๐™ง๐™š ๐™„ ๐™จ๐™ฉ๐™–๐™ง๐™ฉ ๐™– ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จ?

A new idea doesnโ€™t have to be perfect before you try it. But it does need to answer:
1. Who is this for?
2. What problem does it solve?
3. What would someone actually pay for?
4. Whatโ€™s the smallest way to try it?

A business is an opportunity to fill a need, so making sure you're clear on what need is being filled and how to actually charge for it is your basis for everything.

๐˜พ๐™–๐™ฃ ๐™ข๐™ฎ ๐™ฅ๐™–๐™ž๐™™ ๐™ก๐™š๐™–๐™ซ๐™š ๐™ฅ๐™ค๐™ก๐™ž๐™˜๐™ฎ ๐™ก๐™ค๐™ฌ๐™š๐™ง ๐™ข๐™ฎ ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จโ€™๐™จ ๐™ฉ๐™–๐™ญ ๐™—๐™ž๐™ก๐™ก?The employer credit for family and medical leave can range from 12...
06/10/2026

๐˜พ๐™–๐™ฃ ๐™ข๐™ฎ ๐™ฅ๐™–๐™ž๐™™ ๐™ก๐™š๐™–๐™ซ๐™š ๐™ฅ๐™ค๐™ก๐™ž๐™˜๐™ฎ ๐™ก๐™ค๐™ฌ๐™š๐™ง ๐™ข๐™ฎ ๐™—๐™ช๐™จ๐™ž๐™ฃ๐™š๐™จ๐™จโ€™๐™จ ๐™ฉ๐™–๐™ญ ๐™—๐™ž๐™ก๐™ก?

The employer credit for family and medical leave can range from 12.5% to 25% of the wages you pay while an employee is on leave.

But before the credit applies, the policy has to meet specific regulations.

To see if your business qualifies, weโ€™d need to review your leave plan, including:
โ€ข Who on your team qualifies based on compensation and hours
โ€ข Whether your written policy covers the right employees
โ€ข How your leave is funded
โ€ข Where your employees are physically located
โ€ข Whether your business can actually use the credit this year

Want to know whether your policy may qualify? Comment โ€œLEAVEโ€ and letโ€™s look at the tax side before you try to claim the credit.

Entrepreneurship is a big thing in our economy right now, especially with the major influx of content creators over the ...
06/09/2026

Entrepreneurship is a big thing in our economy right now, especially with the major influx of content creators over the past few years.

But being an entrepreneur doesn't mean you need to wait for a big โ€œahaโ€ moment to start a successful business.

Sometimes a business idea simply comes from paying attention, asking better questions, and finding a need to fill.

Want help processing your business idea? Let's talk it out in the comments.

https://www.inc.com/yuvaltal/you-dont-need-a-eureka-moment-to-start-a-company/91285000

06/08/2026

๐™„๐™› ๐™„'๐™ข ๐™—๐™š๐™๐™ž๐™ฃ๐™™ ๐™ค๐™ฃ ๐™ฅ๐™–๐™ฎ๐™ž๐™ฃ๐™œ ๐™ฉ๐™–๐™ญ๐™š๐™จ, ๐™จ๐™๐™ค๐™ช๐™ก๐™™ ๐™„ ๐™›๐™ค๐™˜๐™ช๐™จ ๐™ค๐™ฃ ๐™ฅ๐™–๐™ฎ๐™ž๐™ฃ๐™œ ๐™ข๐™ฎ ๐™ฅ๐™ง๐™š๐™ซ๐™ž๐™ค๐™ช๐™จ ๐™ฎ๐™š๐™–๐™ง'๐™จ ๐™—๐™–๐™ก๐™–๐™ฃ๐™˜๐™š ๐™›๐™ž๐™ง๐™จ๐™ฉ?

If every available dollar in your business is going toward a previous year's tax balance, but it makes you struggle to pay this yearโ€™s estimated payments, your debt will snowball.

And getting behind like that will make it harder to get approved for a payment plan or keep the one you already have. The IRS really likes you to stay on top of current requirements while also taking care of past due ones.

So, before you put all of your emphasis on tackling old balances, figure out what you need to set aside for the current year first.

Look at:
โ€ข Profit/income from the current year
โ€ข Federal tax you've already paid
โ€ข Estimated payments you've already made
โ€ข State estimated tax requirements
โ€ข An estimate of income you expect for the rest of the year

Those details will help you get a clearer picture of where your current obligation sits, so that you can know what amount and payment plan makes sense for the previous year's debt.

That can be overwhelming, so if you'd like some professional guidance (or handling), DM us to start that conversation.

Address

1005 17th Avenue S (Floor 9)
Nashville, TN
37212

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Alerts

Be the first to know and let us send you an email when Nanney Group - Nashville, TN posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Nanney Group - Nashville, TN:

Share

Category