Service area · Hickman County
Bookkeeping and records for Lyles employers
Haven keeps the books and prepares returns for Lyles households and small employers in unincorporated Hickman County, where property is taxed at 2.66.
27.6 mifrom Franklin, straight-line. The office is in Cool Springs.
Lyles tax facts at a glance
- County
- Hickman County
- Property tax (per $100 assessed, 2025)
- 2.66 county (unincorporated)
- Sales tax, combined
- 9.75%
- County Trustee
- Lisa B. Hellmann · Centerville
- Assessor of Property
- Randy Jenkins · Centerville
- Population, 2020 → 2024
- Unincorporated; the Census publishes no city estimate
- State and city business tax
- Filed with the TN Department of Revenue
- Straight-line distance
- 27.6 miles from Franklin
Sources: TN Comptroller, TN Department of Revenue, U.S. Census Bureau. Details
How long should a Lyles employer keep payroll tax records?
Four years. The IRS asks employers to keep employment tax records at least that long, one more than the three-year default for most other tax records. Other periods apply in specific cases: six years when over 25 percent of gross income went unreported, seven for a bad-debt or worthless-securities deduction, and indefinitely if a return was never filed or was fraudulent.
Monthly bookkeeping keeps those records in order from the start instead of rebuilding them at tax time. Haven’s bookkeeping service gives Lyles owners up-to-date books and a review of the numbers during the year, and the documents move through the firm’s secure client portal.
What federal forms does a Lyles small business file early in the year?
Form 1099-NEC comes first, due January 31. For payments made after 2025, its reporting threshold is $2,000. Owners who pay estimated tax also have a payment due January 15, 2027 for the 2026 tax year, unless they file the 2026 return by February 1, 2027 and pay in full.
Partnerships and S corporations follow in March, with Forms 1065 and 1120-S due on the 15th day of the third month after the tax year. A C corporation’s Form 1120 waits until the 15th day of the fourth month. Haven prepares these together with the owner’s personal return under business tax preparation, so a Lyles owner deals with one firm for all of it.
What local taxes apply to property in Lyles?
Lyles property carries Hickman County’s rate of 2.66 per $100 of assessed value for tax year 2025, and nothing else, because Lyles is a census-designated place without a city government. The combined sales tax is 9.75 percent, with Hickman County’s local share at 2.75 percent.
Trustee Lisa B. Hellmann collects the property tax at 114 N Central Ave, Suite 105, Centerville 37033, and Assessor of Property Randy Jenkins is in Suite 106 at that address. From the center of Franklin to Lyles is 27.6 miles in a straight line. Bon Aqua Junction and Wrigley, also in Hickman County, are on the service areas list.
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Tax questions from Lyles
How long do Lyles business owners need to keep employment tax records?
At least four years, according to the IRS guidance on how long to keep records. That is one year more than the three-year period that applies to most tax records. A Lyles business that claims a bad-debt deduction needs to hold those records for seven years.
What is the 1099-NEC threshold for a Lyles business in 2026?
For payments made after 2025, a Lyles business files Form 1099-NEC once payments to a payee reach the $2,000 reporting threshold. The forms are due January 31. The new threshold comes from the IRS instructions for Forms 1099-MISC and 1099-NEC, current as of November 2026.
Does Lyles, Tennessee have a city property tax?
No. Lyles is unincorporated, so the only property tax rate there is Hickman County’s 2.66 per $100 of assessed value for tax year 2025. Payment goes to Trustee Lisa B. Hellmann at 114 N Central Ave, Suite 105, in Centerville, according to the Comptroller.
Is there a business tax in Lyles TN?
Lyles has no city business tax because it isn’t incorporated. The state business tax still applies to a Lyles business with gross receipts of $100,000 or more, filed with the Department of Revenue, and a minimal activity license from the county clerk covers receipts between $3,000 and $100,000.
Book a consultation
Meet with us from Lyles
- 256 Seaboard Lane, Suite G-102, Franklin, TN 37067
- (615) 804-1140 · cbryant@haventaxadvisory.com
- Documents go through the secure client portal