Rollins & Rollins, CPAs

Rollins & Rollins, CPAs Let our team assist you to secure a sound financial future. We are committed to providing personal assistance to all of our clients.

Rollins & Rollins, CPAs provides outstanding service to our clients including individuals, partnerships, corporations, non-profit organizations and CPA firms across the United States. We provide a wide range of services from business start-up to tax preparation, compilations and reviews, bookkeeping services, business consulting, peer reviews, and much more. With more than forty combined years of professional financial and accounting experience, we can assist you or your business with tax, accounting, and general business needs. This personal assistance comes from years of training, experience and sound financial judgement.

A revocable trust (sometimes known as a “living trust”) can provide significant benefits. They include the ability to av...
11/26/2025

A revocable trust (sometimes known as a “living trust”) can provide significant benefits. They include the ability to avoid probate for the assets the trust holds and to facilitate the management of your assets in the event you become incapacitated. To obtain these benefits, you must fund the trust by transferring the title of assets to it. Assets not held by your revocable trust may be subject to probate and will be beyond the trustee’s control in the event you become incapacitated. Contact us at (423) 842-1122 with questions about the financial and tax aspects of your estate plan.

Are you suffering from “retirement sprawl?” You might be if you’ve switched jobs several times and left 401(k) plan acco...
11/25/2025

Are you suffering from “retirement sprawl?” You might be if you’ve switched jobs several times and left 401(k) plan accounts behind. You may even have a few traditional or Roth IRAs out there. Over time, having many accounts can make managing and tracking retirement investments increasingly difficult. So it’s time to round up those accounts and consolidate them! Contact us at (423) 842-1122 for advice on avoiding negative tax consequences in the process.

The One Big Beautiful Bill Act (OBBBA) brings major tax savings and planning opportunities for many businesses. Here are...
11/24/2025

The One Big Beautiful Bill Act (OBBBA) brings major tax savings and planning opportunities for many businesses. Here are four highlights: 1) 100% first-year bonus depreciation for qualified new and used assets and production property, 2) an enhanced research and experimentation deduction, 3) expanded gain exclusions for qualified small business stock. 4) permanent 20% qualified business income deduction for pass-through businesses and sole proprietorships. Contact us at (423) 842-1122 to review your tax strategies and lock in benefits under the OBBBA.

The IRS has announced its annual inflation-adjusted income tax brackets and other amounts. For 2026, the highest rate (3...
11/21/2025

The IRS has announced its annual inflation-adjusted income tax brackets and other amounts. For 2026, the highest rate (37%) will apply to taxable income over $640,600 for singles and heads of households ($768,700 for married couples filing jointly and $384,350 for married taxpayers filing separately). The standard deduction is increasing to $16,100 for singles and married taxpayers filing separately ($32,200 for married couples filing jointly and $24,150 for heads of households). Single filers age 65 or older will be eligible to take an additional deduction of $2,050 ($1,650 per spouse for married filers). Alternative minimum tax exemptions and adoption credits are among the other items that have been adjusted for 2026. Contact us at (423) 842-1122 if you have questions about the impact of inflation adjustments on your tax situation.

A strong personal financial strategy isn’t just about numbers. It’s about peace of mind. We can help you achieve it with...
11/19/2025

A strong personal financial strategy isn’t just about numbers. It’s about peace of mind. We can help you achieve it with tax strategies that maximize savings, retirement planning that fits your goals, and estate planning that protects your legacy. Ready to build a more secure future? Contact us at (423) 842-1122.

Does your company’s month-end close drag on for days, or even weeks? Speed matters. The longer it takes to post monthly ...
11/18/2025

Does your company’s month-end close drag on for days, or even weeks? Speed matters. The longer it takes to post monthly journal entries, reconcile accounts, prepare internal financial statements and investigate variances, the harder it is to identify and respond to red flags and new business opportunities. These tips can help you close the month quickly. For more ideas on how to streamline your closing process without compromising financial accuracy, call us at (423) 842-1122.

You may want to offer employees a retirement savings plan, but they can be expensive and complex. What’s a small busines...
11/17/2025

You may want to offer employees a retirement savings plan, but they can be expensive and complex. What’s a small business owner to do? Consider a simplified employee pension (SEP). They’re easy to set up and administer. Requirements are minimal: All workers must be eligible to participate, and your contributions can’t discriminate in favor of highly compensated employees. In 2025, you can contribute up to $70,000 (or up to 25% of compensation) to a worker’s SEP account and deduct the contributions. Contact us at (423) 842-1122 for details about this and other retirement plan options.

Taxpayers involved in a dispute with the IRS may want to consider using one of the IRS’s alternative dispute resolution ...
11/14/2025

Taxpayers involved in a dispute with the IRS may want to consider using one of the IRS’s alternative dispute resolution (ADR) mediation programs. These programs can help taxpayers efficiently resolve tax issues with the IRS. Taxpayers for whom mediation can be a good option include those who don’t have many disputed issues or who’re seeking an early resolution to issues under audit. Mediation doesn’t replace the audit or collection processes. The IRS’s Independent Office of Appeals has five ADR programs: Fast Track Settlement, Fast Track Mediation Collection, Post Appeals Mediation, the Rapid Appeals Process and Early Referral. Call us at (423) 842-1122 for details if you have a tax dispute with the IRS.

Estate tax laws are complex, and failing to plan could mean leaving your loved ones with less than what you’d expected. ...
11/12/2025

Estate tax laws are complex, and failing to plan could mean leaving your loved ones with less than what you’d expected. Now is the time to take action by reviewing your estate plan, updating beneficiary designations, and exploring strategies such as gifting or establishing trusts that may help minimize tax exposure. Every situation is unique, and the right approach depends on your family’s needs, assets and long-term goals. Contact us at (423) 842-1122 to ensure that your estate is structured in the most tax-efficient way possible.

If you're in a dispute with the IRS, mediation — also called “alternative dispute resolution” — may be a helpful option....
11/11/2025

If you're in a dispute with the IRS, mediation — also called “alternative dispute resolution” — may be a helpful option. It's a voluntary, nonbinding process that may offer a faster, less stressful way to avoid lengthy appeals or costly court battles. Both parties to mediation can walk away at any time. Mediation is especially useful for taxpayers with limited issues or those seeking quicker resolution during the early stages of an audit. However, it doesn’t replace the audit or collection process and doesn’t allow new evidence. We’re here to discuss this and other options with you at (423) 842-1122.

We’re more than just tax and accounting professionals. We’re your partners in business growth. Beyond preparing your tax...
11/10/2025

We’re more than just tax and accounting professionals. We’re your partners in business growth. Beyond preparing your tax returns and keeping your books in order, we can help you improve cash flow, safely plan for expansion and make smarter financial decisions. Let’s talk about how our advisory services can strengthen your strategic planning, streamline operations, and uncover new opportunities for long-term growth and success. Call us today at (423) 842-1122 to schedule a consultation.

Investors willing to make long-term investments in economically distressed communities have a tax incentive for doing so...
11/07/2025

Investors willing to make long-term investments in economically distressed communities have a tax incentive for doing so: the Qualified Opportunity Zone (QOZ) program. It allows investors to defer the tax (and potentially ultimately reduce it) on recognized capital gains by reinvesting those gains in Qualified Opportunity Funds (QOFs) that, in turn, invest in QOZs. The IRS has issued guidance on two QOZ program-related provisions of the One Big Beautiful Bill Act: the definition of “rural area” and the application of the substantial improvement threshold for certain improvements to property in a QOZ located entirely in a rural area. Contact us at (423) 842-1122 for more information.

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6140 Dayton Boulevard
Hixson, TN
37343

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