A Leading Full Service Tax & Accounting Firm

Herron & Associates Business and Tax Services, LLC is one of Memphis' only full-service tax advisory and limited accounting firms.

about us

Herron & Associates Business and Tax Services

There is no greater stressful time in the United States than the period beginning January 1 through April 15. TAX TIME!!!. Every citizen, and non-citizen, of the United States who worked for a company, an individual, or for themselves are required to file a tax return. For the 2022 tax year, the Internal Revenue Services (IRS) received in excess of 262,829,039 tax returns. Of this number, 213,400,000 were filed electronically. The average dollar amount of refunds issued was $ $3,039.00.

An individual can prepare and file his/her own tax return or seek the assistance of paid or non-paid tax preparers. In fact, the IRS provides free tax preparation services through IRS sponsored programs such as VITA(Volunteer Income Tax Assistance) and TCE (Tax Counseling for the Elderly). Paid tax preparers filed over 85 million tax returns. There is no requirement to use a paid tax preparer.

The federal panel decision did not affect IRS’ requirements for attorneys, certified public accountants, and enrolled agents who generally must complete continuing education to retain their professional credentials. Of these three, enrolled agents are the most accessible and the least expensive to taxpayers.

An enrolled agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by either passing a three-part comprehensive IRS test (covering individual and business tax returns) or through experience as a former IRS employee. Enrolled agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to ethical standards and complete 72 hours of continuing education courses every three years. Enrolled agents, like attorneys and certified public accountants, have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before. Their only limitation is not having the privilege to represent taxpayers in tax court. Kenneth J Herron was awarded the status of Enrolled Agent, based on experience, by the IRS.

services

PRACTICE AREAS

We offer a variety of practice areas to help you

Taxes

IndividualTax Preparation Business Tax Preparation Non Profit 501(c)3
Tax Debt Relief
Tax Strategizing

Trademarking

Trademarking Research
Trademarking Registration

Business Counseling

Business Setup Bookeeping/Payroll
Audit Protection

Notary Public

Common Notary Services Contracts & Trusts Deeds & Loans
Insurance Release

Our Vision

Herron & Associates Tax Services, LLC is one of Memphis’ only veteran owned full-service tax advisory and limited accounting firms. We assist with both Federal and State audits, limited accounting services, and a broad range of tax services to a broad range of clients across many industries. We work with businesses of all sizes as well as individuals and families. As companies and families grow, we help them reach their goals every step of the way!