NEW

THE SMART BUSINESS OWNER’S LIST OF TAX DEDUCTIONS

For a business owner, taxes can be overwhelming and cumbersome. Tax deductions allow you to save thousands of dollars each year on your taxes and make tax filing a much more bearable experience. In this post, we'll list some of the tax deductions you can use to...

The Smart Business Owner’s List Of Tax Credits

One of the best ways to cut costs as a business owner is to take advantage of all the tax deductions and tax credits for which you're eligible. As a business owner, you're concerned with the bottom line--increasing your net profits. That probably means you spend most...

PRESS RELEASE: Cassidy Jakovickas, CPA of Fresno, CA Appointed to Intuit’s Accountant Council

Select Panel Advises on Products and Services that Accountants and Their Clients Want Most             FRESNO, CALIFORNIA – June 4, 2019 –Today, Intuit, Inc (Nasdaq: INTU) announced that Cassidy...

Beyond The Numbers: What We’ve Been Reading

Although our team loves using numbers and spreadsheets to help our clients make the best financial decisions, we also enjoy reading great books. Staying well read on both fiction and non-fiction books helps us hone our imagination and introduces us to new, sometimes...

Looking Back At April

It’s hard to believe that we’re at the end of April, but it’s true! This month, we helped our clients wrap up another great (and busy) tax season. There was, as always, a lot of paperwork, emails, and nail-biting involved in the days preceding April 15, but that’s all...

5 Last-Minute Tips For Filing Taxes in 2019

Well, April 15 is almost here, and the tax-related panic is thick. If you haven’t filed your 2018 tax paperwork and are rushing to get your taxes in by the deadline, we’ve decided to give you some last-minute tax advice that will hopefully help ease your stress....

An Introduction To Cybersecurity for Business Owners

Keeping your sensitive business and customer data secure has never been more critical. Whether you are a small business or a national corporation, you can't relax your defenses against those criminals seeking to take advantage of lazy cybersecurity policies. Virtually...

March News Roundup

Wow! It seems like we just started March and we’re already moving into April! As we move into the final stretch of tax season, we’re recapping this month’s news for you, just in case you missed it amid the tax-related hubbub. MBS Accountancy: November Review This...

4 Key Changes To Depreciation Under The TCJA

As the Tax Cuts and Job Act (TCJA) continues to be unraveled by tax professionals, it’s important to review the changes and their implications on business operations and tax strategies. In this article, we’ll highlight TCJA’s changes to first-year bonus depreciation,...

3 Ways A CPA Can Make Your Business Successful

It can often seem unnecessary to hire a certified public accountant (CPA) since bookkeepers and accountants are frequently believed to be the be-all-end-all for a business’ finances. However, there are certain advantages to having a CPA by your side. While we...

The New Centralized Revenue Opportunity System (CROS)

Reading Time: 1 minute

On May 7, 2018, The California Department of Tax and Fee Administration released a drastic update to the way their online services are accessed and used. The new system, Centralized Revenue Opportunity System (CROS), paves the way for future efficiency upgrades and feature implementations.

We won’t bore you with the details, so here’s what you should know now.

Your old login won’t work.

CDTFA introduced an entirely new online system for their services. The old login that you used in previous years will not work as the accounts weren’t ported over.

What you need to do:

CREATE NEW LOGIN – Request a security code via mail. Go to cdtfa.ca.gov and select “Sign Up.” You will receive a code within 7-10 business days that allows you to complete the sign-up.

LIMITED ACCESS CODE – The new term for your “Express Login Code.” This code will remain the same, however, you’re limited to filing your sales tax return and prepayments through this access and how you input the information is slightly different. Under this access, you won’t be able to view any filed returns or prepayments made. 

THIRD PARTY ACCESS – Accountants and tax professionals will also need to create a new username and password with the new system. This means any previous 3rd-party professional would need 3rd-party access. Simply inform your 3rd-party professionals that they need to request access to your online services accounts with CDTFA. You’ll be prompted to approve and/or modify their access to your account.

 You can learn more about the Centralized Revenue Opportunity System (CROS) by going to cdtfa.ca.gov/services/cros

If you have any questions or need assistance, feel free to get in touch with us. We’re here to help! 

 

Previous

Next

Submit a Comment

Your email address will not be published. Required fields are marked *