New Stimulus Package Information

The U.S. House of Representatives and U.S. Senate passed the Consolidated Appropriations Act, 2021 (bill), a massive tax, funding, and spending bill that contains a nearly $900 billion coronavirus aid…

Legislation Regarding Expenses and PPP Funds

The team at Crosslin wanted to share a glimmer of good hope that expenses paid with the Paycheck Protection Program (PPP) funds may become deductible based on the latest bill…

Beware of COVID-Related Text Message Scam

The IRS has issued a warning about a new text message scam. The thief’s goal is to trick people into revealing bank account information under the guise of receiving the…

Year-End Tax Planning for Businesses and Individuals

After a challenging 2020 for all, the year-end is coming quickly. Individuals, business owners and family offices should be reviewing their situations to identify any opportunities for reducing, deferring, or…