This is the first year the Department of Revenue will not be sending report forms for business owners to report their gross earnings. All business licenses are due to be filed electronically by April 15, 2015, unless your business’ fiscal year end is not Dec. 31.
If the fiscal year end is different, then the license would be due on the fourth month after the fiscal year end.
Last year the Department of Revenue changed the way business license revenue is reported. In the past the license came due depending on how the business was classed. In 2013 business owners were asked to file a transitional period that would pay their tax through Dec. 31, 2013.
The reason for the transitional report was due to starting in 2014 all licenses should report their gross earnings beginning Jan. 1 and ending Dec. 31, unless your business has a set fiscal year end. If you didn’t file a transitional report you must do so now by sending in a paper report.
The state is only accepting the 2014 year electronically. You may write the state and ask to be exempt from the electronic filing requirement. If they grant the exemption they could impose a charge for filing by paper. However, to help everyone get through the transitional period the state is not charging to file the transitional period by paper at this time.
For more information on changes the state has made and where to search the web; go to <www.tn.gov/revenue>. You may also call Moore County Clerk Nancy Hatfield at (931) 759-7346 for further information.