Small Business Tax Planning, Preparation, and Compliance Services
Helping Business Owners Make Informed Tax Decisions Year-Round
Peace of mind with tax compliance and accurate returns
Tax decisions affect cash flow, profitability, business growth, and long-term financial planning. Effective tax management involves more than preparing returns—it requires year-round guidance, proactive planning, and a clear understanding of how tax decisions impact your business.
Through New Day Advisory, a division of Venture Financial Group LLC, we help small businesses, nonprofit organizations, and business owners navigate tax preparation, tax compliance, and tax planning with practical guidance tailored to their unique needs. For more than 35 years, we’ve supported businesses throughout Tennessee and across the country with tax services designed to reduce uncertainty and help owners make informed financial decisions.
Who We Work With
We are a small firm with a focused practice.
Our clients represent a wide variety of backgrounds and industries. We regularly assist sole proprietors, self-employed professionals, and members of LLCs and partnerships. We also support S corporation shareholders, C corporation owners, professional service firms, contractors and construction businesses, and family-owned enterprises. Nonprofit organizations turn to us for guidance as well.
But clients come to us for more than just tax preparation. They’re looking for an advisor who truly understands how taxes intersect with every part of running a business. That means connecting the dots between tax strategy, payroll, bookkeeping, financial reporting, day-to-day operations, and the long-term vision for their company’s growth.
Tax Preparation Services
We prepare and file a wide range of business and individual tax returns, including:
- Individual income tax returns (Form 1040)
- Sole proprietor tax returns (Schedule C)
- S corporation tax returns (Form 1120-S)
- C corporation tax returns (Form 1120)
- Partnership and multi-member LLC returns (Form 1065)
- Tennessee Franchise and Excise Tax returns
- 1099 reporting and contractor tax compliance
When business and personal tax filings are connected, we coordinate both sides of the process to help improve accuracy, identify planning opportunities, and reduce surprises at filing time.
Tennessee Tax Expertise
Tennessee businesses face unique tax obligations that often require state-specific knowledge and planning. For more than three decades, we’ve helped Tennessee businesses understand and comply with state tax requirements, including Tennessee Franchise and Excise Tax obligations, payroll-related tax requirements, and other business filing responsibilities.
We also assist businesses with multi-state reporting considerations when operations, employees, or revenue extend beyond Tennessee.
Year-Round Tax Planning and Compliance
Tax planning shouldn’t begin when a return is due.
Throughout the year, we work with business owners on:
- Estimated tax payment planning
- Entity structure considerations
- Payroll and owner compensation strategies
- Equipment and capital purchase planning
- Retirement contribution planning
- Financial reporting and tax readiness
- Year-end tax projections
Our goal is to help clients make proactive decisions throughout the year rather than react to unexpected tax liabilities during filing season.
Our Tax Preparation Process
1. Secure Document Collection
Clients securely upload tax documents and financial records through our client portal powered by Firm360.
2. Review and Preparation
We organize and review information before returns are prepared, helping improve efficiency, accuracy, and completeness throughout the process.
3. Client Review
Completed returns are provided electronically for review, questions, and approval before filing.
Electronic Filing
Returns are electronically submitted, and filing confirmations are provided when available.
Why Business Owners Choose Venture Financial Group LLC
For more than three decades, we’ve helped business owners navigate changing tax regulations, business growth, compliance requirements, and financial decision-making.
Tennessee Tax Knowledge
Our experience with Tennessee Franchise and Excise Tax compliance and other state-specific filing requirements provides valuable insight for Tennessee businesses.
Business and Personal Tax Coordination
We understand how business decisions affect personal tax obligations and coordinate filings accordingly to help create a more complete tax strategy.
Year-Round Support
Tax questions don’t always arise during filing season. We work with clients throughout the year to support planning, compliance, and business decisions.
Integrated Financial Services
Because tax, accounting, bookkeeping, payroll, and business advisory services are available through one firm, clients benefit from a more connected approach to financial management.
Experienced Tax Leadership
For more than 35 years, Sam Davis has helped business owners navigate tax planning, tax compliance, business operations, and financial management challenges. His practical, relationship-focused approach helps clients understand how tax decisions affect their broader business goals.
Supporting the firm’s tax and compliance operations is Jack Pan, CPA, CMA, who provides technical expertise, tax research, regulatory oversight, and compliance support across business and individual tax engagements when specialized review or technical guidance is required.
Tax Audit Defense Protection Included
Every eligible individual tax return prepared through Venture Financial Group LLC includes up to $1,000,000 of Tax Audit Defense™ coverage through ProtectionPlus at no additional cost.
If you receive an IRS or state tax notice related to a covered return, ProtectionPlus provides access to licensed tax professionals who assist with the response process in accordance with the program’s terms, conditions, and coverage provisions.
Starting the Conversation
The books fell behind. A tax season was more complicated than expected. The business grew past what a spreadsheet could handle.
We start with a conversation, not a sales pitch. We want to understand your business before suggesting anything. We want you to feel confident about the fit before we get started.
From there, we build a scope of work around what you actually need. Then we stay in contact throughout the year.
- 931-796-8800
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New Day Advisory by Venture Financial Group
125 Webb Ave #102
Hohenwald, TN 38462
*By submitting a contact form or otherwise providing your contact information, you consent to receiving communications from Venture Financial Group LLC and its New Day Advisory division regarding your inquiry, requested services, or other relevant business matters. Message and data rates may apply. You may opt out of certain communications at any time.
Why New Day Advisory
Streamline your tax preparation workflow
Sam Davis has been serving Tennessee small businesses from Hohenwald for more than 35 years. New Day Advisory has filed returns for clients through every major tax law change in that time, including multiple rounds of federal reform and the Tennessee franchise and excise tax overhaul. We do not need to look up how Tennessee’s F&E tax works. We file it for clients every year.
You are not working with a seasonal preparer. You are working with a credentialed accountant who knows your return. We are not a national chain and we do not run through clients. We expect you to ask questions before you hire us. Our contact information is below.
Our company has had the pleasure of working with Sam and his staff at Venture Financial for over 20 years. His experience and professionalism helped our company navigate the paths of day to day accounting as well as quarterly and yearly tax preparation. I highly recommend Sam for any accounting services.
Frequently Asked Questions
Does New Day Advisory prepare both business and personal returns?
Yes. Many business owners require both business and individual tax filings. Coordinating both helps provide a more complete picture of the tax implications associated with business income, ownership, and long-term planning.
Do you serve clients outside of Tennessee?
Yes. While we’re based in Hohenwald, Tennessee, we serve clients nationwide through secure document exchange, electronic signatures, and remote consultations.
Do you prepare Tennessee Franchise and Excise Tax returns?
Yes. We regularly assist Tennessee businesses with Franchise and Excise Tax compliance and related state tax reporting requirements.
What is the $1,000,000 Tax Audit Defense™?
ProtectionPlus Tax Audit Defense coverage is included with eligible individual tax returns prepared by our firm. Coverage details, limitations, and eligibility requirements are subject to the ProtectionPlus program terms.
