TN Archives - ATA 2.0

IRS Information Release IR-2025-47 grants comprehensive disaster‑related tax relief to all individuals and businesses across Tennessee’s 95 counties after the severe storms, tornadoes, straight‑line winds and flooding that began on April  2,  2025. Tennessee taxpayers now have until November 3, 2025 to file and pay enumerated federal returns and related taxes.

The Notice specifies that the Nov. 3, 2025 deadline will now apply to:

Individual income tax returns and payments normally due on April 15, 2025.
2024 contributions to IRAs and health savings accounts for eligible taxpayers.
Quarterly estimated tax payments normally due on April 15, June 16 and Sept. 15, 2025.
Quarterly payroll and excise tax returns normally due on April 30, July 31 and Oct. 31, 2025.
Calendar-year corporation and fiduciary returns and payments normally due on April 15, 2025.
Calendar-year tax-exempt organization returns normally due on May 15, 2025.

Further, the Notice provides guidance on how individuals and business who suffered uninsured or unreimbursed disaster-related losses can choose to claim them.

Taxpayers who receive qualified disaster relief payments may generally exclude such payments from gross income.

Taxpayers may be able to take a special disaster distribution from retirement plans or individual retirement arrangements (IRAs) without being subjected to the additional 10% early distribution tax and may be able to spread the income over three years.

Click here to read the full IRS statement. Please contact us if you have further questions.

ATA CPAs + Advisors PLLC

227 Oil Well Rd.

Jackson, TN 38305

FOR IMMEDIATE RELEASE

MERGER UNITES MEMPHIS ACCOUNTING FIRM WITH ATA CPAs + ADVISORS PLLC

Memphis, TN. — Regional accounting firm ATA CPAs + Advisors PLLC (ATA) is adding to its West Tennessee presence through a merger with Whitehorn Tankersley & Davis, PLLC (WTD), effective January 1, 2024.

The merger with WTD adds 18 professionals to the ATA team, including Partners Lee Hood and Jeff Hunter as well as Principal Steve Davis. With this merger, ATA will be comprised of 240 employees and 16 locations across four states.

“As a firm our primary focus remains on our clients and our people. We believe that expanding our presence in the Memphis area through the addition of WTD is in line with that focus. With this merger we are adding valuable team members who can help us further expand the opportunities to better serve clients of both firms,” said Managing Partner John Whybrew. “ATA has been built on the principle of always looking for ways to improve and evolve. We believe that expanding our presence in the growing Memphis market and Covington area are another step in that evolution.”

WTD’s 47 years of expertise ranges from tax preparation and accounting services to more in-depth services such as audits, financial statements, and financial planning. It is a premier firm for trust and estate tax reporting.

“We chose to combine practices with ATA because of our common emphasis on serving clients and our core values,” Partner Lee Hood expressed. “As we integrate with ATA, this merger will enhance our capacity to expand our team and strengthen our commitment to addressing clients’ needs. This empowers us to offer customized business strategies that benefit their personal and professional objectives.”

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About ATA CPAs + Advisors PLLC (ATA)

ATA is a long-term business advisor to its clients and provides other services that are not traditionally associated with accounting. The ATA Family of Firms consists of a team of experts that can benefit every area of your business. Adelsberger Marketing offers video, social media, and digital content for small businesses; ATAES is a comprehensive human resource management agency; ATA Secure provides cybersecurity services; ATA Technologies provides trustworthy IT solutions; Revolution Partners provides financial planning expertise; and Sodium Halogen focuses on growth through the design and development of marketing and digital products.

ATA has 16 office locations in Tennessee, Arkansas, Kentucky and Mississippi. Recognized as an IPA Top 150 regional accounting firm, it provides a wide array of accounting, auditing, tax and advisory services for clients ranging from small family-owned businesses to publicly traded companies and international corporations. ATA is also an alliance member of BDO USA LLP, a top five global accounting firm, which provides additional resources and expertise for clients.