Zinner & Co. Blog and Newsroom

10 Cash Flow Killers that Crush Small Companies

Posted by Zinner & Co. on May 14, 2019 8:26:00 AM

Cash is the lifeblood of any small business. With sufficient cash flow you’re more nimble and have greater freedom. Without it, you’re a captive to covering your next payroll.

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Topics: financial planning, Business - Management, Issues & Concerns, Operations

5 Efficiency Tools You Should Evaluate

Posted by Zinner & Co. on May 7, 2019 5:17:00 AM

Do you ever feel like there aren’t enough hours in the day? Do large, important tasks get waylaid by frequent, trivial disruptions? You’re not alone!

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Topics: Business - Management, Issues & Concerns, Productivity

What We’re Reading (Part 2)

Posted by Zinner & Co. on Apr 30, 2019 6:48:00 AM

Earlier in the year, we shared a list of business-related books we enjoyed reading and in which we found great value. It was very well received, so we thought we’d share more of our favorites.

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Topics: Business - Management, Issues & Concerns, Productivity

10 Keys for a Faster Year-End Close

Posted by Richard Huszai, CPA on Mar 12, 2019 11:19:00 AM

Depending on whether your organization is on a calendar or fiscal year, you may have just gone through a year-end close, or you’re looking forward to one (using the phrase “looking forward to” very loosely.) Do you find the year-end closing process to be an arduous ordeal or a series of sure, predictable events? What if I told you could make year-end closings faster and easier?

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Topics: accounting, Business - Management, Issues & Concerns, account systems

Board Member's Responsibilities with Financial Operations - Board Members' Series - (Part 4)

Posted by Simon Smucker, CPA on Feb 14, 2019 5:41:00 AM

Part 4 of a 5 Part Series

Not-for-profit boards have an important role in reviewing and approving the financial reports of the organization. In order to effectively evaluate the organization’s activities, plan for the future, and make decisions, financial reports are almost always on the agenda at board meetings.

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Topics: Audit and Assurance Department, non-profits, non-profit reporting, management advisory, Business - Management, Issues & Concerns

Business Operations -Board Members' Series (Part 3)

Posted by Chris Valponi, CPA on Feb 12, 2019 7:09:00 AM

Part 3 of a 5 Part Series

An Organization’s management is charged with managing the day-to-day operations of the non-for-profit; however, this does not relieve Board Members from taking on certain oversight responsibilities.

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Topics: audits, non-profits, Business - Management, Issues & Concerns

Seven Things to Consider When Buying out a Partner

Posted by Zinner & Co. Tax Team on Oct 16, 2018 6:10:00 AM

With an increasing number of baby boomers reaching retirement age, business owners are choosing to leave the workforce. This means the end of a partnership and a change in the way you do business.

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Topics: partnerships, business valuation, business succession, Business - Management, Issues & Concerns

Will the tariffs on Chinese imports hurt my business?

Posted by Eric James on Aug 30, 2018 9:34:28 AM

A primer on how to navigate the changes

In the past few months, phrases like “tariffs on Chinese imports” and “trade war with China” have been  floating around in the news. The government levied a 25 percent tariff on over $50 billion of products imported from China.

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Topics: Taxes - Corporate & Business, Business - Management, Issues & Concerns

Deadline nears for Workers’ Compensation true-up

Posted by Zinner & Co. Tax Team on Jul 25, 2018 4:19:00 PM

The deadline is approaching for private employers to “true-up” with the Ohio Bureau of Workers’ Compensation (BWC).

A press release posted on the Ohio BWC website reminds employers they have until Aug. 15 to complete an important action necessary for the BWC to accurately calculate premiums.

iStock-936143492_blogAccording to the press release, prior to each policy year (July 1- June 30), employers' payroll amount, the basis for their premium, is estimated based on historical data. When the policy year-ends, employers are required to true-up, which means they must report the actual payroll for the policy year that ended on June 30 and reconcile any difference in premium paid.

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Topics: Bureau of Worker's Compensation, payroll, Ohio business owners, Brett W. Neate, Business - Management, Issues & Concerns

No tax deductions for business entertaining

Posted by Zinner & Co. Tax Team on Apr 10, 2018 10:50:00 AM

The good news is that the Tax Cuts and Jobs Act of 2017 lowered corporate tax rates from a graduated schedule that reached 35 percent to a 21 percent flat rate. The bad news? Many business expenses are no longer tax deductible. That list includes all outlays that might be considered entertainment or recreation.

As of 2018, tickets to sports events cannot be deducted, even if you walk away from the game with a new client or a lucrative contract. The same is true if you treat a prospect to seats at a Broadway play or take a valued vendor out for a round of golf. Those outlays will be true costs for business owners without any tax relief.

Drilling down

Does that mean that you should drop all your season tickets supporting local teams? Cancel club memberships? Pack away your putter and your tennis racquet? Before taking any actions in this area, take a breath and crunch some numbers.

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Topics: Taxes - Corporate & Business, Business - Management, Issues & Concerns, Tax Cuts and Jobs Act of 2017

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