Ohio TechCred is a relatively new program that promotes technical training to build a stronger skilled workforce within the state.
read more…
Posts By: Zinner & Co. Tax Team
Ohio expands 2024 sales tax holiday
With the start of the 2024-2025 school year seemingly right around the corner, the Ohio Department of Taxation announced an expansion of the state’s annual sales tax holiday.
read more…
Ohio Dept. of Taxation issues new Employer Withholding Rates
New rates effective July 1
The Ohio Department of Taxation has issued new employer withholding tables for payrolls that begin on or after July 1, 2024.
read more…
Changes coming to 529 plans
Individuals who have set up 529 plans need to be aware of recent changes to the plans.
read more…
SECURE 2.0 Act of 2022 provides student debt relief plan
While student loan forgiveness was a hotly debated topic throughout the past year, one piece of legislation was passed to help those with student loan debt get out from under it faster.
read more…
New Treasury rule limits EV Tax Credits to 19 vehicles
On Jan. 1, new rules targeting the origin of electric vehicle battery materials from countries considered hostile to the U.S. went into effect and limited the number of EVs eligible to receive U.S. tax credits.
read more…
IRS ERC Voluntary Disclosure Program requires 80 percent payback
In late December, the Internal Revenue Service launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing Employee Retention Credit (ERC) claims in error.
read more…
Ohio Sales Tax Holiday begins Aug. 4
Ohio’s annual sales tax holiday is right around the corner.
read more…
IRS increases 2024 contribution limits for 401(k) and IRAs
On Wednesday, the Internal Revenue Service announced it will increase the amount individuals can contribute to their 401(k) plans in 2024.
read more…
IRS places a moratorium on Employee Retention Credit claims
DOJ to pursue fraud from aggressive marketing while IRS will add safeguards to prevent future abuse and protect businesses from predatory tactics
On Sept. 14, the Internal Revenue Service announced an immediate moratorium through at least the end of the year on processing new Employee Retention Credit claims, following reports of a flood of improper claims for the pandemic-era relief program.
read more…
Since 1938, Zinner has counseled individuals and businesses from start-up to succession. At Zinner, we strive to ensure we understand your business and recognize threats that could impact your financial situation.
Get Back When You Give Back: New Universal Charitable Deduction
Beginning in 2026, a significant tax benefit will be available for taxpayers who make charitable donations, even if they do not itemize deductions on their tax returns. Historically, only those who itemized were able to deduct charitable contributions, which left many...
Getting Older Still Has Its Tax Benefits
Bonus Senior Deduction Beginning with the 2025 tax year, seniors age 65 and older are eligible for a new tax break designed to provide meaningful relief at filing time. The new Bonus Senior Deduction, available through at least 2028, is aimed at helping...
Stay Safe While Shopping Online This Holiday Season
The holiday season is a time for joy, giving, and finding the perfect gifts for friends and family. Online shopping makes this easier than ever, but it also brings risks like scams, fraud, and cyber threats. To help you shop with confidence, here are 10 essential tips...
Employee Leave Donation
You may have heard the terms “donated leave” or “leave sharing” being used within the business community over the past few years. This has been something that various companies have adopted to help boost morale, promote compassion, and support their employees....
ODJFS adds new technology and customer service fee
In a letter dated Nov. 7, Ohio Department of Job and Family Services Director Matt Damschroder explained a new fee that employers will be charged on their quarterly unemployment insurance tax rate. Included within Ohio’s recently passed biennial budget (House Bill 96)...
Send us your questions and we’ll share our insights with you on our blog!