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.

The decision to itemize deductions or claim the standard deduction can have a big impact on your tax bill. With a higher...
02/25/2026

The decision to itemize deductions or claim the standard deduction can have a big impact on your tax bill. With a higher standard deduction and itemized deductions more limited, many taxpayers who once benefited from itemizing have been better off taking the standard deduction. But the recent quadrupling of the deduction limit for state and local taxes could make itemizing worthwhile again for some. Not sure which is better for you? We can help. Call us at (423) 842-1122.

It’s a winning combination. You bring the mission, vision and strategic objectives; we bring savvy tax planning, accurat...
02/24/2026

It’s a winning combination. You bring the mission, vision and strategic objectives; we bring savvy tax planning, accurate bookkeeping, reliable accounting and proactive business advice. Our financial expertise can help you achieve strong compliance, make informed decisions, and strive for long-term growth and profitability. Call us today at (423) 842-1122 to schedule a consultation.

Beginning in 2025, businesses can once again deduct domestic research and experimental (R&E) expenses in the year they’r...
02/23/2026

Beginning in 2025, businesses can once again deduct domestic research and experimental (R&E) expenses in the year they’re incurred, rather than amortizing them over five years. In addition, “small businesses” can file amended returns to claim the deduction retroactively for 2022 through 2024. Regardless of size, businesses that incurred domestic R&E expenses in 2022 through 2024 can elect to accelerate the remaining deductions for those expenditures over a one- or two-year period. If your business has incurred domestic R&E expenses in any of these years, call us at (423) 842-1122 to discuss how these changes can help boost your cash flow.

Your marital status affects many federal tax filing variables, including your standard deduction, credit eligibility and...
02/20/2026

Your marital status affects many federal tax filing variables, including your standard deduction, credit eligibility and tax owed. If you’re currently “informally” separated from your spouse but still legally married, the IRS generally considers you married for the entire year (even if you’ve lived apart for many months). Unless you divorced or legally separated by Dec. 31, 2025, you must file as married filing jointly or married filing separately for the 2025 tax year. If, on the other hand, you finalized a divorce or legal separation in 2025, you should file as single or, if eligible, head of household. Call us at (423) 842-1122 if you have questions about filing your tax return.

Creating a well-thought-out estate plan can significantly reduce current and future tax liability. Incorporating strateg...
02/18/2026

Creating a well-thought-out estate plan can significantly reduce current and future tax liability. Incorporating strategies such as gifting assets during your lifetime, placing appreciating assets in trusts and ensuring proper beneficiary designations can help minimize taxes for you and your family. Contact us at (423) 842-1122. We can review your plan to ensure you’re using the most tax-efficient tools to protect your wealth and pass it on according to your wishes.

Psst! Want to save more for retirement? If your employer offers one, use your Health Savings Account (HSA). You might al...
02/17/2026

Psst! Want to save more for retirement? If your employer offers one, use your Health Savings Account (HSA). You might already contribute pretax earnings and use the balance for out-of-pocket medical expenses. But because HSA balances carry over year to year and can grow indefinitely tax-deferred, these accounts also work as retirement savings tools. After age 65, you can use penalty-free distributions for nonmedical expenses, but they’ll be taxable. So if you’ve maximized contributions to a 401(k) and IRA, HSAs offer another opportunity. Contact us at (423) 842-1122 to discuss retirement savings strategies.

Bookkeeping software helps small businesses track income, reconcile accounts and generate reports. But technology can’t ...
02/16/2026

Bookkeeping software helps small businesses track income, reconcile accounts and generate reports. But technology can’t replace professional judgment or real-world experience. An outside bookkeeping or accounting professional adds context and clarity to your company’s financial data. We can help you interpret results, stay compliant with changing tax laws, manage cash flow and make smarter business decisions. Contact us at (423) 842-1122 to turn your financial data into a strategic plan that drives growth.

The IRS and the Security Summit are warning taxpayers that during tax filing season identity thieves are poised to scam ...
02/13/2026

The IRS and the Security Summit are warning taxpayers that during tax filing season identity thieves are poised to scam people into sharing personal information to file false tax returns and steal refunds. Specific threats include phishing emails and smishing texts, where the thief impersonates a legitimate organization in the tax community, such as the IRS, a state agency or a tax software company, to try to convince the target to provide personal information, click on harmful links or send money. Having an Identity Protection (IP) PIN can protect taxpayers from tax-related identity theft. Anyone with an SSN or an ITIN can get an IP PIN. For more information, contact us at (423) 842-1122.

In a divorce, a qualified domestic relations order (QDRO) allows retirement plan assets to be transferred to a spouse wi...
02/11/2026

In a divorce, a qualified domestic relations order (QDRO) allows retirement plan assets to be transferred to a spouse without dire tax consequences. A court issues a QDRO, which states a dollar amount or a percentage of assets that belongs to the spouse. It also specifies the number of payments to be made (or the length of time for the terms to apply). Contact us at (423) 842-1122 for details.

You may have heard you need at least $1 million (or $750,000 or $3 million or another number) saved before you retire. T...
02/10/2026

You may have heard you need at least $1 million (or $750,000 or $3 million or another number) saved before you retire. The truth is, “your number” is specific to you. How much you need for a secure and fulfilling post-work life depends on factors such as your current income, your desired retirement lifestyle and whether you hope to leave a legacy to heirs. Contact us (423) 842-1122. We’ll review your situation together and come up with a retirement savings plan — including a number.

When you’re running a business, it’s easy for the books to fall behind. But timely, accurate financial records are essen...
02/09/2026

When you’re running a business, it’s easy for the books to fall behind. But timely, accurate financial records are essential for a healthy operation. Reporting delays can lead to cash-flow surprises, cost overruns and missed opportunities. Contact us at (423) 842-1122 to get caught up and gain real-time insights that can help your business thrive.

When natural disasters strike, tax deadlines shouldn’t add to your stress. Generally, taxpayers have had three years fro...
02/06/2026

When natural disasters strike, tax deadlines shouldn’t add to your stress. Generally, taxpayers have had three years from the April filing deadline for the tax year to claim a credit or refund for overpaid taxes. But when the IRS extended filing deadlines for disasters such as wildfires, floods or hurricanes, the three-year period didn’t always adjust accordingly. The Disaster Related Extension of Deadlines Act, signed into law on Dec. 26, 2025, addresses this issue. Now, when the IRS extends filing deadlines due to federally declared disasters, the period to claim refunds and credits is also extended. The new law also aligns payment deadlines with filing relief. Call us (423) 842-1122 at with questions.

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6140 Dayton Boulevard
Hixson, TN
37343

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