Special Tax Rules When Caring for a Loved One
Family members who are paid to take care of a loved one may have tax responsibilities. This depends on whether they are considered an employee or provide their services as…
Marriage Means Making Changes Before Next Filing Season
Marriage is an exciting milestone, but it can also affect a couple’s tax situation. Here are some simple steps after the wedding that can help make filing next year’s tax…
What Employers Need to Know About the Enhancements to the Paid Family and Medical Leave Tax Credit
Employers, including small businesses, that provide paid family and medical leave to their employees may be eligible for an employer tax credit. Several enhancements have been made to this credit…
Tennessee’s Sales Tax Holiday Begins Friday
Tennessee’s sales tax holiday is this weekend! The sales tax holiday begins at 12:01 a.m. Friday, July 31, 2026, and ends at 11:59 p.m. Sunday, August 2, 2026. During the…
Is that activity just a hobby or a business?
Many people have hobbies – things they enjoy doing in their spare time – and some even make a little extra money from them. However, there’s a difference between a…
Meals Deduction Changes for 2026 Might Require Employer Action
Changes to the meals deduction that became effective January 1, 2026, might require taxpayers to immediately begin identifying and tracking a separate category of meal costs. The changes are effective…
Mid-Year Financial Checkup Checklist: Is Your Business on Track?
Hard to believe, but we are almost halfway through 2026. While many business owners are focused on day-to-day operations, growth opportunities, and managing economic uncertainty, mid-year is also an ideal…
It’s not too early to start planning for next year: Check withholding now
Even though the tax filing deadline for tax year 2025 passed almost a month ago, it’s not too early to start planning for next filing season, according to IRS Tax…
Tax relief for taxpayers impacted by Winter Storm Fern in Tennessee; various deadlines postponed to May 22, 2026
The IRS announced this weekend tax relief for individuals and businesses in Tennessee affected by Winter Storm Fern that began on Jan. 22, 2026. Taxpayers now have until May 22,…
Key Business Tax Breaks
Crosslin wanted to keep these updates and opportunities available to you top of mind as we enter tax season. Below are the key business tax breaks under the One Big…