FASB Votes to Extend Effective Dates of Revenue/Lease Standards
The FASB recently voted in favor to defer the effective date for leases (ASC 842) and revenue from contacts with customers (ASC 606) for one year for certain entities. …
Loans Available for Businesses
Crosslin has received numerous follow-up questions regarding loans available for businesses. The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their…
CARES ACT SUMMARY
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The…
Tax Team VITA Presentation
The Crosslin tax team had a great time presenting recently at the United Way’s Volunteer Income Tax Assistance (VITA) site coordinators’ meeting. Attendees came from all over the state to…
Nonprofit Standard Summer/Fall 2018
Crosslin recently released Nonprofit Standards, its quarterly newsletter that addresses accounting issues that affect today’s nonprofits. Topics in this issue include: Six tax reform issues impacting nonprofit organizations Is your…
Nonprofit Standards Winter Newsletter
Crosslin has issued its winter edition of the Nonprofit Standards, which includes important topics such as the IRS 2018 Work Plan for Tax-Exempt Organizations, Data Privacy, Year End Accounting Update,…
Crosslin Releases Summer Nonprofit Newsletter
Crosslin has released its summer nonprofit newsletter, which contains helpful articles and thought content for its nonprofit customers. Articles include: Three Critical Privacy Issues Every Nonprofit Entity Should Consider IRS…
Fraud Risk Within Non-Profit Audits
Recently, John Crosslin, Co-Managing Principal, presented to the Tennessee Society of CPAs about audit issues and deficiencies in the non-profit sector. He brought up a very important issue that can…
Tax Planning Guide
Click here to view the Tax Planning Guide.
Refinancing – A Great Source for Cash
Sometimes, it can be difficult getting a loan. You need collateral, accurate, current financials, as well as a good relationship with your lender. After you get the loan, it may…
