One of the challenges when providing for loved ones with special needs is to do so in a way that they do not lose their eligibility for governmental assistance such Supplemental Security Income (SSI) or Medicaid. Recipients can lose eligibility for these programs if their assets exceed a certain level. One of the ways around this is to create a trust. read more…
The IRS announced that the Modernized e-File (MeF) will be unavailable for brief periods during July and August during scheduled system upgrades. The outages will occur as follows:
Under a new provision created by the Tax Cuts and Jobs Act (TCJA), for the tax years 2018 
and 2019 you may qualify for a tax credit if you set up or amend a paid-family leave program. Under Section 45S of the Internal Revenue Code, employers that voluntarily offer qualifying employees up to 12 weeks of paid family and medical leave annually under a written policy, may claim the credit.
Using a contractor can be an attractive option that allows you to scale hours up or down as needed. This can be significantly cheaper too, since you do not have to provide them with benefits or vacations. But before you pull the trigger on utilizing an independent contractor, you should know that the IRS takes intentional misclassification of contractors very seriously. The IRS understands the financial incentives to using 1099 contractors and they know the temptation exists to classify a worker as a contractor when you truly view and treat them as an employee.
Well, 2019 is right around the corner, and before you know it important tax-
related deadlines will be upon us. Due to changes in the tax code created by the Tax Cuts and Jobs Act (TCJA) we highly recommend you allow extra time in gathering required information for the 2018 tax season.
IRS Commissioner Charles Rettig has announced the IRS will be issuing additional guidance on the taxation of cryptocurrencies, also referred to as virtual currencies.
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The Bureau of Workers’ Compensation (BWC) has announced a proposal to provide Ohio employers with a $1.5B rebate. This rebate comes as the result of stronger than expected returns on investments.
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The Tax Cut and Jobs Act (TCJA) has brought about the largest change to the U.S. tax code in
over 30 years. One of the areas of the code that has been significantly impacted by these sweeping changes deals with estates.
The IRS recently announced a 6 year plan to update and modernize its information technology systems and infrastructure. The move will bring much needed resources to an agency beleaguered by nearly a decade of consecutive budget cuts. 
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As the responsible party on employer identification number (EIN) applications, effective May 13, 2019, the IRS will only accept EIN applications from individual taxpayers who have either a Social Security number or individual taxpayer identification number.
The recent enactment of the Tax Cuts and Jobs Act (TCJA) brought many changes to how individuals and businesses are affected by our tax system. Among the deductions affected was the deduction for meals and entertainment incurred in the course of operating...
In a blow to several high-tax states, a federal judge has upheld a key provision of the Tax Cuts and Jobs Act (TCJA), the State and Local Tax (SALT) deduction cap. Under the TCJA, congress placed a cap on the amount taxpayers could claim on their Schedule A for...
It goes without saying that the death of one's spouse is typically an extremely difficult emotional trauma. When one loses a spouse, the last thing on the surviving spouse’s mind is the tax issues to be addressed. Nonetheless, the passing of one’s spouse...
Congress is enacting the most sweeping tax legislation in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes...
Zinner & Co. CPA and Consultants is proud to announce the recent hiring of Claire Stanislawski and Madelyn Thome. Stanislawski started as the Accounting and Tax Services Supervisor on Aug. 12, while Thome was hired as an Accounting and Tax Staff Accountant on July...
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