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Sun, Jul 13, 2014

BUSINESS BRIEFS: Sandwich shop to open next month

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Firehouse Subs is bringing its unique flavor to Murfreesboro next month with the opening of a new location on Medical Center Parkway.

Currently under construction in the retail shopping center next to Walgreens Pharmacy on the corner of Thompson Lane, Firehouse Subs anticipates a Monday, Sept. 24,  opening, said Mark Watson, franchisee for Rutherford and Williamson counties.

Watson said the project has been two years in the making, and the 2,500 square-foot building is slightly larger than the Smyrna location.

“We decided to go bigger in Murfreesboro,” Watson said, adding the Cool Springs location in Franklin will be opening early next year.

He explained how Firehouse Subs is different from other sandwich shops in that the meat and cheese are steamed in a steamer before being placed on a freshly toasted bun.

For more information about the restaurant, visit www.firehousesubs.com.

Business seminar being offered

The Small Business Development Center, in conjunction with the U.S. Small Business Administration, will conduct a free seminar “Starting your own Business” from 3 p.m. till 6 p.m. on Tuesday, Sept. 4, at the Rutherford County Chamber of Commerce.

The event will be held at 3050 Medical Center Parkway in Murfreesboro.  

“The purpose of this seminar is to provide individuals interested in starting a business a broad overview of the many things they will be confronted with in doing so,” according to a press release.

The seminar will introduce attendees to the Tennessee Small Business Development Center, the services available, and how it can assist in the development of their business venture.

Sources for information gathering, research and databases available are also discussed.

This seminar is intended for persons who have never been in business.  

There is no charge to attend the seminar, or for one-to-one counseling which is available, by appointment.

Reservations are required and available on-line at www.tsbdc.org.

Attendees should arrive and sign in 10 minutes prior to the startup of the seminar.        

Tax break available for homesellers

The Internal Revenue Service has some important information for those who have sold or are about to sell their home.

Any gain from the sale, may be able to be excluded from a person’s taxable income.

In general, sellers are eligible for the exclusion if they have owned and used the home as a primary residence for two years out of the five years prior to the date of its sale.

Sellers may be able to exclude up to $250,000 of the gain from taxable income, or $500,000 on a joint return in most cases.

Those who excluded the gain from the sale of another home during the two-year time frame prior to selling the home are not eligible for the full exclusion.

Sellers who qualify for the exclusion do not need to report the sale of the home on their tax return.

However, sellers cannot deduct a loss from the sale of a primary residence. Any sellers who has more than one home, can exclude a gain only from the sale of the main residence.

Taxes must be paid on the gain from selling any other home.

Additional rules and guidelines may be required for sellers who sold a home that was purchased using the first-time homebuyer credit.  

For more information, visit www.IRS.gov or call 1-800-829-3676.
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Business, Firehouse Subs, Food, IRS, MTSU, Real Estate, Taxes
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