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.
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Posts By: Zinner & Co. Tax Team
Changes coming to 529 plans
Individuals who have set up 529 plans need to be aware of recent changes to the plans.
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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.
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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.
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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.
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Ohio Sales Tax Holiday begins Aug. 4
Ohio’s annual sales tax holiday is right around the corner.
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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.
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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.
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Hurricane Ian Casualty Loss
Many of our clients who live in the Southwest Florida region, as well as North and South Carolina, were affected by Hurricane Ian.
On Oct. 5, 2022, the IRS published IR-2022-173, which allows hurricane victims in those states an extension of time to file their 2021 income tax returns until Feb. 15, 2023. This meant that if a valid extension was granted for your individual tax return through until Oct. 17, 2022, you had until Feb. 15. The affected states have followed the same stance as well. read more…
2023 Health Savings Account Limits
The Internal Revenue Service announced in late April Health Savings Accounts (HSA) limit for 2023.
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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.
One Big Beautiful Bill – New Individual Tax Provisions
On July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law after the Senate and House passed the bill on July 1 and July 3, respectfully. The OBBB includes numerous tax changes, including permanent and limited modification of many tax...
One Big Beautiful Bill – Business Tax Provisions
On July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law after the Senate and House passed the bill on July 1 and July 3, respectfully. The OBBB includes numerous tax changes, including permanent and limited modification of many tax...
One Big Beautiful Bill – Extended/Modified Individual Tax Provisions
On July 4, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law after the Senate and House passed the bill on July 1 and July 3, respectfully. The OBBB includes numerous tax changes, including permanent and limited modification of many tax...
Ohio Sales Tax Holiday began on Aug. 1
Ohio’s annual sales tax holiday has arrived. This year’s weekend-long temporary tax break began on Aug. 1 at midnight and will end on Aug. 14 at 11:59 p.m. Initially introduced in 2019 to provide relief for families preparing for the back-to-school season, the sales...
Brown County Sale and Use Tax to Decrease
The sales and use tax rate for Brown County (08) will decrease from 7.25 percent to 7 percent, effective Oct. 1, 2025.Please visit the Ohio Department of Taxation’s website at tax.ohio.gov or contact your Zinner and Company Tax Team member with any questions...
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