Rollins & Rollins, CPAs

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Hixson, TN
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.

02/04/2026

Good news for small business owners! The 20% qualified business income (QBI) deduction for pass-through business owners is now permanent. (It had been scheduled to expire after 2025.) This break reduces taxable income for eligible sole proprietors, partners, S corp owners and, generally, LLC members. Beginning in 2026, expanded income ranges over which certain limits phase in may allow more taxpayers to qualify for the QBI deduction, and some may enjoy larger deductions. Contact us at (423) 842-1122 to learn how you can benefit.

02/03/2026

Many of the major tax provisions signed into law in 2025 start taking effect in 2026. How has the tax landscape changed for you or your business since last year? Contact us at (423) 842-1122 and we’ll give you the lay of the land, including how you can potentially claim tax credits and deductions.

02/02/2026

We provide trusted guidance for both individuals and businesses. Our services include tax preparation and planning, bookkeeping and accounting, and compliance. For businesses, we also can support payroll, enhance cash-flow management and provide strategic growth planning. For individuals, we can advise on personal finance, retirement planning and estate planning. With our assistance, you can gain clarity, accuracy and confidence in every financial decision. Contact us at (423) 842-1122 to learn more.

01/30/2026

The IRS has issued the 2026 cents-per-mile rates for calculating tax-deductible vehicle operating costs. Effective Jan. 1, 2026, the standard mileage rate for the business use of a car, van, pickup truck or panel truck is 72.5 cents per mile. (This is up from 70 cents per mile for 2025.) The 2026 rate for medical or eligible moving purposes is 20.5 cents per mile. (This is down from 21 cents per mile for 2025.) For charitable driving, the 2026 rate is 14 cents per mile (unchanged from 2025). These rates apply to gasoline- and diesel-powered vehicles as well as electric and hybrid ones. To protect your deduction, don’t forget to keep detailed mileage records. Contact us at (423) 842-1122 for more information on when mileage is deductible.

01/28/2026

You’ve spent time and money building your business, and it’s now probably your most valuable asset. So safeguarding that wealth is critical. The good news is that there are many ways to help ensure it remains a lasting source of security for you and your family. Our team can help you identify and implement wealth management strategies that protect what you’ve built while preserving your business’s value and competitive edge. Contact us at (423) 842-1122 to get started.

01/27/2026

Income investments can play a key role in a diversified portfolio, so it’s important to be aware of their tax treatment. Qualified dividends are taxed at favorable long-term capital gains tax rates. But interest income is generally taxed at ordinary income rates, which can be as high as 37%. So stocks that pay qualified dividends may be more attractive tax-wise than other income investments, such as CDs and taxable bonds. We can help assess the tax consequences of your investment strategy. Call us at (423) 842-1122.

01/26/2026

Writing a comprehensive business plan is an absolute imperative when launching a business. But it’s also important for running one. Why? Because your business plan can help you see into the future. As long as it’s properly structured, adheres to sound strategies and contains accurate data, a business plan should spell out in black and white what your company will accomplish and how it will get there. Contact us at (423) 842-1122 for help determining whether your business plan is still the crystal ball it needs to be.

01/23/2026

Legislation in 2025 made 100% bonus depreciation permanent for businesses that purchase and place into service qualified new or used property after Jan. 19, 2025. However, when you file your 2025 income tax return, you can choose to use the old 40% bonus depreciation rate. Why would you do this? You may want to save more tax in 2025 than you would following normal depreciation but preserve some deductions for the future. For example, if you anticipate being in a higher tax bracket in 2026, deductions will be more valuable. Another reason is to prevent large net operating losses, which 100% bonus depreciation can create. Call us at (423) 842-1122 for help determining which tax breaks will be most beneficial to claim on your 2025 return and which ones might make sense to forgo.

01/21/2026

If you itemize deductions, you may be able to claim the medical expense deduction to the extent your eligible expenses exceed 7.5% of your adjusted gross income. This floor can be difficult to exceed, but “bunching” expenses into a single year instead of spreading them over two years can help. Of course, health comes first, so don’t delay essential care just to save taxes. Contact us at (423) 842-1122 to discuss whether a bunching strategy could make sense for you.

01/20/2026

Business owners are widely (and quite rightly) advised to regularly engage in detailed strategic planning. But a common problem is that the details can pile up quickly, leaving owners feeling overwhelmed and uncertain. The solution: Follow a methodical, step-by-step approach that enables you to chart an adaptable and profitable course into the future. Contact us at (423) 842-1122 for help designing or refining your business’s strategic planning process.

01/19/2026

Many businesses today outsource one or more of their IT functions to save money. Yet if you don’t manage the risks involved, you could end up spending more and getting less in return. For example, slow support times or services that don’t match your objectives or employees’ needs can undermine productivity. Contact us at (423) 842-1122 for help evaluating a prospective IT outsourcing arrangement or assessing the ROI of an existing one.

01/16/2026

The employer tax credit for paid family and medical leave has been made permanent. (It previously had been scheduled to expire Dec. 31, 2025.) The credit amount ranges from 12.5% to 25% of eligible wages paid to qualifying employees for up to 12 weeks of paid leave. Beginning in 2026, employers have the option to claim the credit for the same percentage of insurance premiums paid or incurred during the tax year for active family and medical leave coverage. You can’t claim the credit for both wages and premiums, however. Call us at (423) 842-1122 to learn more. We can help evaluate your options and implement a leave program that complies with the IRS requirements for the credit.

Address

6140 Dayton Boulevard
Hixson, TN
37343

Telephone

+14238421122

Website

https://rollinsandrollinscpas.com/

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