IRS Addresses Employee Payroll Tax Deferral
The IRS issued Notice 2020-65 that provides some needed guidance for employers wondering whether and how to comply with the employee payroll tax deferral described in the August 8, 2020 Presidential memorandum (often referred…
THE 2020 TAX PLANNING PARADOX – ACCELERATE INCOME TO LOWER YOUR TOTAL TAX LIABILITY
As 2020 winds down, it’s time to consider year-end planning. It’s an unusual year, with taxpayers experiencing losses due to the economic downturn and the possibility of higher income tax…
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…
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…
Follow-Up on Tennessee Business Relief Program Instructions
[Note that this program is limited to smaller taxpayers and to businesses only in certain sectors. Although we are working hard to identify and help our clients who are eligible…
2020 Tax Planning: Retirement Savings for Individuals
Now is a good time to review and evaluate your retirement savings. The tax code provides significant incentives for individuals to make contributions to retirement savings and plans, including traditional…
Deadlines Postponed Due to COVID-19
The IRS is postponing deadlines for certain time-sensitive actions due to the Coronavirus Disease 2019 (COVID-19) emergency. This relief affects: employment taxes; certified professional employer organizations (CPEOs); employee benefit plans;…
Tax Issues for Individuals and Businesses Facing Bankruptcy Following the Covid-19 Shutdown Orders
A very informative article in the Nashville Business Journal from Crosslin’s Tax Director Dan Warren on issues for individuals and businesses facing bankruptcy following the Covid-19 shutdown orders. Read and…
Easing of Paycheck Protection Program Requirements
The President has signed into law a bill that gives employers more flexibility when using Paycheck Protection Program (PPP) funds and applying for loan forgiveness. Lawmakers supported making changes to the PPP to…
More Economic Impact Payment Hot Topics
There are still numerous questions regarding Economic Impact Payments – here are some of the current hot topics: What about a child’s parents who are not married to each other,…
