IRS Updates Rules on Per Diem Rates

The IRS has updated its guidance to reflect changes made by the Tax Cuts and Jobs Act (TCJA) regarding the rules for determining the amount of an employee’s ordinary and…

If you sold a paperclip in another state is it taxable?

Check out the recent Nashville Business Journal article where Crosslin’s Jason Sweatt tackles questions regarding what’s taxable when you are conducting business in other states.  Very informative!  Contact Jason or…

What to Know About the SECURE Act

In December, the President signed the SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019) into law, which makes changes to certain retirement plans. The SECURE Act…

User Guide Available for Crosslin Tax Portal

In an effort to better serve our customers, Crosslin recently implemented a new tax portal system for all file transfers.  Called CCH Client Axcess, the tax portal will allow customers to view their…

IRS Issues Standard Mileage Rates

The IRS recently issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1,…

2019 YEAR-END TAX PLANNING – FOR INDIVIDUALS

Paying your individual income taxes likely represents one of the largest outlays of the year, but it also offers an opportunity for significant savings. Whether you have paid individual income…

2019 YEAR-END TAX PLANNING – FOR BUSINESSES

All businesses seek to reduce costs, and year-end tax planning presents the chance for significant savings that affect your bottom line. After substantial changes to the federal tax code, businesses…

4 essential tax tips for new parents

As a new parent, sleepless nights aren’t the only thing that can be overwhelming. Taxes are probably last on your list of worries. However, parents are offered valuable tax breaks…