Questions about PPP Expense Deductions?
One of the most disappointing developments in the Paycheck Protection Program loan guidance was related to the non-deductibility of the expenses paid for by the forgiven loans. Many organizations, including…
Property Taxes – Are you exempt as an Exempt Entity?
Some leaders of Exempt Organizations assume that once the entity is granted an exemption for from taxes, such as a 501(c)(3) exemption for a charity, that the organization will pay…
Don’t Forget to E-File Payroll Tax Returns
The next quarterly payroll tax return due date is Oct. 31, and the IRS is urging business owners to use the speed and convenience of filing the returns electronically. IRS…
Right to Finality
Crosslin has received several questions regarding finality and the IRS, so we thought it would be good to discuss this issue in further detail. Taxpayers interacting with the IRS have…
Review Tax Withholding and Avoid Surprises
Now is the perfect time to review your tax withholding and payments to avoid a surprise when filing next year. An adjustment or two made now may boost take home…
Additional State Funding Available for Businesses Affected by COVID-19
Gov. Bill Lee recently announced an initial $50 million in federal Coronavirus Relief Funds for the new Supplemental Employer Recovery Grant (SERG) program to provide additional relief to small businesses…
Reconstruct Records Lost in a Natural Disaster
Between tornadoes, floods, and hurricanes for some of our southern and eastern neighbors, we have witnessed our fair share of national disasters over the last several years. Reconstructing records after…
A Guide to Individual Retirement Arrangements
Many taxpayers may have heard of Individual Retirement Arrangements, or IRAs, but some don’t know how IRAs help them save for retirement. People can set up an IRA with a…
Businesses can file cash transaction reports electronically and in batches
Businesses that receive cash transactions of more than $10,000 must report these payments to the IRS – it’s the law. Now businesses can batch file their cash reports; this is…
Taxpayer Planning: Disabled Persons
The tax code includes numerous benefits for individuals with disabilities, but you cannot take advantage of these benefits unless you know about them and understand how they might benefit you…
