Tips on Virtual Business Meeting Etiquette
Virtual meetings are here to stay; they are the future! Like face-to-face meetings, virtual meetings should be effective, concise, and professional. Your clients and other participants should feel valued. “I’ve…
Tax Benefits of Homeownership
Buying a home is the single most valuable investment most families make, and homeownership offers tax breaks that make it the foundation for your overall tax planning. The tax law…
Presidential Order Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster
On August 8, President Trump issued a memorandum to the Secretary of Treasury entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.” The payroll tax deferral in…
Reminder – It Is Not Too Late to Qualify for the Tennessee Business Relief Program
[Note that this program is limited to smaller taxpayers and to businesses only in certain sectors. Before exploring the changes below, you can see the eligibility restrictions at https://www.tn.gov/revenue/tennessee-business-relief-program.html. Feel free…
Good Recordkeeping is an Essential Element of Tax Planning
Now is a good time for people to begin thinking about next year’s tax return. While it may seem early to be preparing for 2021, reviewing your recordkeeping now will…
Thieves are constantly coming up with ways to scam taxpayers
It is unfortunate, but tax scams tend to rise during tax season or during times of crisis. Scam artists are using the COVID-19 pandemic to try to steal money and…
Dan Warren Promoted to Tax Principal
Crosslin is pleased to announce that Dan Warren has been promoted to principal in the tax department. In this role, he will assume a broader responsibility in leading the Crosslin…
Consolidated Group NOL Regulations Under the Cares Act
The IRS has issued temporary and final regulations to provide guidance on the treatment of net operating losses (NOLs) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and…
Tennessee Community CARES Program for Not-for-Profits
Crosslin wanted to make sure our not-for-profit customers are aware of the Tennessee Community CARES Program, a new aid program that will provide $150 million in direct federally funded aid…
Luxury Auto Depreciation Caps and Lease Inclusion Amounts
If you use your vehicle for business purposes, the Internal Revenue Service allows you to write off some of the vehicle’s cost. By depreciating your vehicle, you deduct a specified…
