Global Tax Services

Global Tax Services Our company provide bookkeeping, payroll, and tax services for small businesses in Nashville, TN.

We specialize in providing professional accounting, bookkeeping, payroll and tax related services for individuals and small businesses.

Why Bookkeeping Matters for Any BusinessNot Just for TaxesMany business owners think bookkeeping is just about “numbers ...
01/24/2026

Why Bookkeeping Matters for Any Business

Not Just for Taxes

Many business owners think bookkeeping is just about “numbers for tax time.”
But in reality, bookkeeping is the backbone of your business.

It tells you:
• Where your money is going
• Whether you’re truly profitable
• And if your business is financially healthy

These aren’t guesses — they’re real numbers from your business bank account.

The mistake I see all the time?
Businesses that are making money, but their records are messy, unclear, or incomplete.
And when there’s an audit, a loan application, or a new partner involved —
paperwork matters more than explanations.

Good bookkeeping:
✔ Protects you from costly penalties
✔ Makes audits smoother and faster
✔ Gives you peace of mind

It’s not a luxury.
It’s not an extra expense.
It’s protection and smart business.

If you want your numbers organized and your business protected:
📞 731-358-2989
📍 1101 Kermit Dr, Suite 120 – Nashville, TN

Global Tax Services — we don’t just file taxes,
we help you run your business the right way.

Do You Own a Rental Home?So how do you turn the money you spend on that home into proper tax deductions?If you own a ren...
01/23/2026

Do You Own a Rental Home?
So how do you turn the money you spend on that home into proper tax deductions?

If you own a rental home, let me tell you something important:

Rental income isn’t just money coming in every month —
it’s also a real opportunity to reduce your taxes.

But only if you do it the right way 👇

⸻

🔹 The most common mistake I see

Many rental homeowners:
• Don’t keep regular records of expenses
• Don’t pay attention to receipts and documentation

The result?
Higher taxes than necessary ❌

⸻

🔹 Expenses you can usually deduct (that many people miss)

If you own a rental home, you may be able to deduct:
Maintenance and repairs, plumbing and electrical work, painting, homeowner’s insurance, property taxes, management or agent fees,
mortgage interest, and depreciation.

⸻

🔹 Very important note about mortgage payments

Your monthly mortgage payment usually includes:
• Loan principal
• Mortgage interest
• Home insurance
• Property taxes
• Mortgage insurance (if applicable)

👉 The interest portion of your mortgage is deductible,
and in many cases so are property taxes, home insurance, and mortgage insurance related to the rental.

Over time, these amounts can add up to thousands of dollars per year in tax savings when handled correctly.

⸻

🔹 A difference you must understand (many people don’t)

Repair = deducted immediately
Improvement = depreciated over several years

Quick examples:
• Replacing a faucet or painting → Repair
• Renovating a full kitchen or bathroom → Improvement
• Adding square footage or an extra room → Improvement

How to Pay Yourself the Right Way from Your Business**One of the most common questions I get from business owners is:“Ho...
12/25/2025

How to Pay Yourself the Right Way from Your Business**

One of the most common questions I get from business owners is:
“How should I pay myself from my business?”

It sounds simple — but getting this wrong can cost you extra taxes or even put you on the IRS’s radar.

Let’s break it down in plain English 👇

🔹 First: Your business type matters

How you pay yourself depends on how your business is structured.

🔹 If your business is an LLC (default tax treatment)

Most LLC owners simply take money out of the business when they need it.
There’s no formal payroll and no “salary.”

But here’s the catch:
👉 All of your profits are subject to self-employment tax
That’s about 15.3% on top of regular income tax.

Simple? Yes.
Tax-efficient? Not always.

🔹 If your business is an S-Corporation

This is where things change — and where many owners save real money.

The IRS expects you to:

Pay yourself a reasonable salary

Run that salary through payroll (with payroll taxes)

Take the remaining profit as distributions

The big advantage?
👉 Distributions are NOT subject to payroll taxes

This is why many growing businesses save thousands of dollars every year with the right S-Corp setup.

🔹 The mistake I see all the time

Business owners with S-Corps who:

Pay themselves no salary at all, or

Pay an unrealistically low salary

This is a red flag for the IRS and can lead to penalties and back taxes.

💡 The bottom line

It’s not just about taking money out of your business —
it’s about taking it out the right way.

A proper mix of:

Reasonable salary

Smart distributions

means:
✔ Lower taxes
✔ IRS compliance
✔ Peace of mind

If you’re not sure whether you’re paying yourself correctly —
or if you feel like you’re paying more taxes than you should —

📞 Call or text: 731-358-2989
📍 Office:
1101 Kermit Dr, Suite 200
Nashville, TN 37217

At Global Tax Services, we don’t just file returns —
we help business owners build smart tax strategies that actually work.

Address

1101 Kermit Drive Ste# 200
Nashville, TN
37217

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+16189154580

Website

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