Last Call

your source for Tennessee liquor news

News & Insights


Tennessee Tax Man Releases New Form for Restaurants, Bars and other On-Premise License Holders

Jun 25, 2015

The Tennessee Department of Revenue announced a new price schedule as part of an effort to modernize its forms and tax reporting.  All liquor-by-the-drink license holders have to file a price schedule.

Unbeknownst to most, the price schedule is critical evidence in a tax audit.  Incorrect pour amounts or prices can lead to massive tax assessments.  We have seen assessments of over $100,000 for an innocent error in the amount of each pour, for example.

An explanation of the new price schedule is here. 

The new price schedule is here.

Cheap Trick penned a classic about taxes:

You work hard, you make money
There ain't no one in this world who can stop you
You work hard, you went hungry
Now, the taxman is out to get you

We encourage folks to make sure that price schedules are accurate and updated regularly.

Related Professionals

Related Posts

We want to hear from you.

Whether a current or prospective client, we are here to help your business thrive. Please send us a message and we will respond to your needs as soon as possible.