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Message from the Managing Principal

Normally, this time of year is about helping our clients navigate the tax code and plan for the future.  Now we are all navigating a different challenge.  At CS&L CPAs, the health and safety of our employees, our families, our clients and our community is our top priority.  We have initiated some steps to help ensure we continue to be there for our employees, our clients and the community while doing our part to help slow the spread of the Coronavirus (COVID-19).  Effective Monday, March 23rd, we will close our physical offices and we have moved the majority of our employees to work remotely.  We are still at full capacity with effective security in place.  We will continue to work to keep in contact by phone, by email and by video conferencing. 

We will provide updates on our “In the News” tab of this web site and through email communications as the situation changes.

Thank you to all of our employees, families and clients as we work through the our new environment together.

Regards,

Robert Stanell, Managing Principal

2017 Best Firm for Equity Leadership
941CEO Greater Good Awards
2015 Manatee Chamber Small Business of the Year
Sarasota Chamber Small Business of the Year CS&L CPAs
Insignia Logo
Spirit of Manatee Award
Gulf Coast 500 CPA Firm CS&L CPAs
CPAmerica

Current Job Openings

Ranked as a "Best Company to Work for in Florida"

Our employees and our community agree – CS&L is an outstanding place to work.

We have been recognized for our strong company culture and commitment to providing a great work environment for our employees. In recent years we were named “Small Business of the Year” by both the Sarasota Chamber of Commerce and the Manatee Chamber of Commerce, a “Best Place to work in Tampa Bay” by the Tampa Bay Business Journal and a “Best Company to Work for in Florida” by Florida Trend Magazine. In 2017, we were included among the Accounting MOVE Project's "Best Firms for Leadership Equity".

In addition, the firm and our staff have been featured in various publications for their expertise and commitment to the community. We pride ourselves on hiring exceptional candidates and providing an environment where our staff members can grow professionally and personally.

Tax Staff

Tampa or Sarasota

Controller

Sarasota

Latest CS&L News

Congress Passes Additional Relief Bill for COVID-19

FL

Consolidated Appropriations Act, 2021

 

Congress Passes Additional Relief Bill for COVID-19

On December 21, 2020, the House and Senate passed a $900 billion relief bill for the ongoing Covid-19 pandemic and economic stimulus.  The bill is now headed to the President for his approval.  The Act includes several extensions of the previous COVID-19 relief provisions that were set to expire, a second round of Paycheck Protection Program (PPP) Loans including clarification of the deductibility of related expenses, and a new round of Stimulus Payments to many Americans.

 

PAYCHECK PROTECTION PROGRAM (PPP) LOANS

Treatment of Business Expenses

The Act ensures the deductibility for business expenses paid for with forgiven PPP loans, superseding previous IRS guidance to the contrary.  The bill clarifies that “no deduction shall be denied, no tax attribute shall be reduced, and no basis increase shall be denied by reason of the exclusion from gross income provided” under the Cares Act.

Additional PPP Loan Funding

The Act provides funding for additional PPP Loans including loans for first-time appliers and a second round of loans for businesses facing severe economic shortfalls due to the pandemic.  This additional round of PPP funding includes making loans available to Not-for-Profits, including churches.  Businesses may apply for a second PPP Loan provided they have 300 or fewer employees, have used or will use the full amount of their first PPP loan and can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019.  The new round of PPP loans are limited to $2,000,000.

Forgiveness Application

The Act mandates a new 1-page loan forgiveness form for PPP loans that are less than $150,000.

 

STIMULUS PAYMENTS

Learn more

Congress Passes Additional Relief Bill for COVID-19

FL

Consolidated Appropriations Act, 2021

 

Congress Passes Additional Relief Bill for COVID-19

CARES Act Update: 2020 Required Minimum Distribution (RMD) Rules for Individual Retirement Accounts (IRAs)

FL

Coronavirus Response: Extension of Time to File and Pay

FL

Senate Passes the CARES Act (Phase 3 of the Coronavirus Pandemic Relief Efforts)

FL

On March 25, the Senate passed a $2 trillion emergency aid proposal to stimulate the US Economy in the midst of the Coronavirus pandemic.  The House is scheduled to vote on the bill Friday, and then it will go to President Donald Trump, who is expected to sign it. This legislation, H. R.

IRS Releases Frequently Asked Questions (FAQ) Pertaining to Notice 2020-18 Clarifying Rules for Excess Deferrals and IRA/HSA Contributions

FL

On March 24, 2020, the IRS released frequently asked questions (FAQ) pertaining to Notice 2020-18, which extends Tax Day to July 15, 2020. One of the items we mentioned in our March 22, 2020 Email correspondence was clarified and not the result we anticipated.