Skip to main content
Leak Check Identify the likely profit or tax leak to validate first. See what you get
Knoxville, Tennessee

A Fractional CFO Firm Headquartered In Knoxville.

Bennett Financials runs the finance function for service businesses from our office on Gay Street in downtown Knoxville — the books, the close, the forecast, the tax strategy, and a senior CFO who sits in your decisions every month.

Free 20-minute Leak Check; rough numbers are enough and no documents are required. For US-based service businesses doing $2M–$20M in revenue.

Trusted by growing service businesses

Motiv Marketing Optmyzr Eden Data NuSpine Crystalized Fitness
01Clean financials
02Forward forecast
03Tax strategy
04Monthly decisions
Who We Are

A Knoxville firm that works with service businesses across the US.

Bennett Financials was founded by Arron Bennett in 2018 and is headquartered at 800 S. Gay Street, Suite 700, Knoxville, TN 37929. We are a fractional CFO and tax planning firm, and we work with one kind of client: established service businesses doing roughly $2M to $20M a year that have outgrown their bookkeeper but are not ready to put a full-time CFO on payroll.

The engagement runs the same way for a Knoxville firm as it does for a client in another state: one senior CFO who stays with you, a team behind them doing the volume, and a monthly meeting where the numbers turn into decisions. Being local does change one thing — Tennessee’s tax rules are home ground for us, not an afterthought.

Tennessee

No income tax on your salary. Plenty of tax on your entity.

Owners moving here, or comparing notes with peers in other states, often assume Tennessee is a low-tax state across the board. For the owner personally it can be. The business is a different story, and the entity decisions that save money federally do not always carry over.

01
Excise Tax
6.5% of net earnings, and it reaches LLCs and S corporations — an S election does not get you out of it
02
Franchise Tax
Figured on the entity’s net worth, so retained earnings left in the business carry a cost of their own
03
Business Tax
A gross receipts tax at state and city level, owed whether or not the year was profitable
04
Owner Pay
Tennessee has no personal income tax, which changes how salary, distributions, and retirement contributions should be balanced

None of this is exotic, but it is routinely planned around federal rules alone. Our tax planning work models the state and federal picture together before year-end. Rates and rules change, so every figure is checked against current Department of Revenue guidance for your facts.

The Engagement

One system, installed in 120 days.

The core system is live within 90 days and the full sprint completes by day 120. The phases overlap by design, so tax work starts while the books are still being rebuilt.

1
Phase 1 — Foundation (Day 0–90)

Books you can make a decision from.

We take the books in whatever state they are in, rebuild the chart of accounts so every dollar maps to delivery, sales & marketing, or G&A, and deliver a clean monthly close.

Bookkeeping Account rebuild Monthly close
2
Phase 2 — Strategy (Day 60–120)

Tax and margin move to the front.

With reliable numbers in place, the tax strategy is set against your entity structure and revenue trajectory, federal and Tennessee together, and margin targets are set against the 60/15/15 standard.

Tax planning Entity review Margin targets
3
Phase 3 — Ongoing (Day 120–Beyond)

A CFO in the room every month.

Forecast, budget against actuals, and cash flow run on a monthly rhythm with your CFO. Returns can be prepared from the same books, and exit planning starts whenever a sale is on the horizon.

CFO meetings Tax returns Exit readiness

Ongoing engagements are $5,000 per month. See pricing and what is included.

Get Started

It starts with the Leak Check.

Start with a free, 20-minute conversation using rough numbers — no documents required. You’ll leave with a directional 60/15/15 snapshot, likely profit and tax leaks shown in conservative ranges, and a one-page Leak Map. If deeper validation is warranted, the Scale-Ready Assessment is the separate, document-backed next step using your actual P&L and tax records.

Book Your Leak Check

Free 20-minute Leak Check for US-based service businesses doing $2M–$20M in revenue. No documents required.

FAQ

Questions about Fractional CFO in Knoxville, TN.

Clear answers to the questions owners ask before deciding what to do next.