Standard Payment Rates for Companies
VEC Company |
Total Amount to Be Paid to Account # |
Rates for Monthly Service |
Dates Payments Are Overdue |
TN Water Co. |
610014277 |
$2.00 per person in company |
Existing Firms/Starting November 1: bill must be paid by 10th of each month. New Firms start Dec. 1. |
TN Gas Co. Company |
610014277 |
$10.00 per person in company per month |
Existing Firms/Starting November 1: bill must be paid by 10th of each month. New Firms start Dec. 1. |
TN Electric Co. |
610014277 |
$10.00 per person per company a month |
Existing Firms/Starting November 1: bill must be paid by 10th of each month. New Firms start Dec. 1. |
Virtual Internet Service Company - VEC |
610014277 |
$80.00 per month for high speed internet service |
Existing Firms/Starting November 1: bill must be paid by 10th of each month. New Firms start Dec. 1. |
TN Telephone Co. |
610014277 |
$3.00 per person per company a month |
Existing Firms/Starting November 1: bill must be paid by 10th of each month. New Firms start Dec. 1. |
TN Loan Payment Account |
610015966 |
Start up Loan Payment |
Existing Firms/Starting November 1: bill must be paid by 10th of each month. New Firms start Dec. 1. |
TN Rental Account |
610026674 |
Rental Space should be comparable to area where firm is located. |
Existing Firms/On Going: bill must be paid by 10th of each month. New Firms start Dec. 1. |
Insurance of TN |
610026852 |
Workman’s Comp (2% of total wages) |
Existing Firms/Starting November 1: bill must be paid by 10th of each month. New Firms start Dec. 1. |
Internal Revenue |
610026852 |
Federal Taxes to be paid to this account (Federal Income, Social Security, and Medicare) |
Paid when needed monthly for Payroll Taxes for company employees and for Corporate Taxes for company |
VE State Sales Tax Rate |
610026852 |
2.0% |
Existing Firms/Starting November 1: bill must be paid by 10th of each month. New Firms start Dec. 1. |
May payments will include RENTAL payments for June and July also.