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Posts By: Zinner & Co.
Cleveland Area Nonprofit Professionals Earn Opportunity to Take CNAP Exam

Cleveland Area Nonprofit Professionals Earn Opportunity to Take CNAP Exam

by | 26 May |

2015_Sue_Krantz.jpgAs the exclusive licensed provider in Cuyahoga County, Zinner & Co. recently presented the Certified Nonprofit Accounting Professional (CNAP) course to area professionals working in or with the not-for-profit industry. 

The program was made possible by Partner Sue Krantz, who is a member of the Executive Committee of Nonprofit CPAs through The Rainmaker Alliance, a national association management company for accounting firms. 

CNAP, the only nationally recognized certification program for nonprofiCNAP_attendees_May_2016.jpgt accounting professionals, earns high accolades from graduates for its comprehensive curriculum and is recognized as the gold standard training for nonprofit financial professionals. Participants attended the multi-day course followed by a comprehensive exam. Upon passing, the attendee is awarded the CNAP designation. 

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529 Plan Withdrawals: What you need to know to avoid paying unwanted federal income tax

by | 24 May |

Students will be headed off to college within the next few months, so now is an opportune time to start strategizing 529 college savings plan withdraws to help cover upcoming education expenses.  Contrary to what some may think, not all withdrawals are tax-free.  Therefore, it is important to understand the basics of 529 plan distributions in order to avoid paying unwanted federal income tax.  

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How can non-accountants make sense of financial statements?

How can non-accountants make sense of financial statements?

by | 11 Apr |

Everyone involved in leading or managing a nonprofit organization – whether as a board member or as a staff member – needs to comprehend the story behind the numbers.

In fact, providing appropriate oversight of the organization’s finances and being a responsible fiscal steward is a primary fiduciary duty of all trustees.


Speaker_Series_-_Sue_-_Lakeland_Comm_College_04_2016.jpgThis important program will not only help non-accountants learn to make sense of financial statements but will also help those in the accounting field understand how nonprofit accounting is different.




“Reading and Understanding Nonprofit Financial Statements” is designed to help all nonprofit leaders and managers:

• Understand basic financial terminology
• Read key documents reflecting the organization’s financial position, activities, cash flows, and functional expenses
• Be capable of judging their soundness
• Recognize warning signs that reflect the health of the organization
• Protect the organization against financial problems and potential fraud
• Ask the right questions

Partner Sue Krantz, CPA, CGMA, will present this session. SueZINNER1.jpg

Reserve your space today. Registration is open and seating is limited. 

Click here to register today!  
Registration Code:
16SNPC147.01

Networking and continental breakfast begin at 8:00 a.m.
Fee:  $45.00
(includes continental breakfast)

Lakeland Community College
Holden University Center
7700 Clocktower Drive
Kirtland, OH  44094
(immediately across the street
from Lakeland’s main campus)

Non_profit.jpg
Zinner & Co. Shows Their Purple to Promote Epilepsy Awareness

Zinner & Co. Shows Their Purple to Promote Epilepsy Awareness

by | 28 Mar | ,

While the logo colors of Zinner & Co. are blue and silver 51 weeks of the year, purple was the weeklong preference from March 21- 26. Purple Day is an annual international celebration to create awareness and support for epilepsy and related seizure disorders. What began as a small initiative in 2008 by a young girl in Nova Scotia is now supported annually on March 26th by people in countries around the world.

“We are thrilled to participate in this annual event. In addition to our deep-rooted spirit of philanthropy, we also work to help others outside the firm learn about and better understand this chronic disorder,” said Partner Sue Krantz, CPA. Purple_day_2016_group.jpg

Epilepsy affects about 2.3 million adults and 467,000 children 0-17 years of age in the United States, more than Parkinson’s disease, cerebral palsy, multiple sclerosis and muscular dystrophy combined. Of the major chronic medical conditions, epilepsy is among the least understood even though 1 in 3 adults knows someone with the disorder.

“Employees have been very creative with their show of support.
In addition to the office adorned with purple flowers and decorations, many made a donation to wear purple clothing throughout the week; some went as far as having purple nail polish, purple glasses and purple tennis shoes,” Krantz added. Patti_and_purple_prize_basket-1.jpg

“Our Firm  brought in lunch from California Pizza Kitchen on the day where they donated a portion of their sales back to the Epilepsy Association.” The week concluded with a purple-themed basket raffle and purple snacks and treats. 

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Changes to Household Employment that Will Affect Families in 2016

by | 24 Mar | ,

If you are a family that has privately hired a household employee to provide childcare, senior care, etc., in your home,  there’s a relatively low chance that you’ll know what aspects of household employment have changed from 2015 to 2016. The good news is that most of the changes are relatively minor, but here are five topics you should be aware of:

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IRS Announces Change in Form 990-N Submission

IRS Announces Change in Form 990-N Submission

by | 16 Mar |

The Internal Revenue Service (IRS) recently announced that it is changing the website it uses to collect information from IRS Form 990-N filers. The Form 990-N is a very brief annual filing that smaller tax-exempt organizations are able to utilize in place of submitting the lengthier Form 990-EZ or Form 990. Many state, regional, and local affiliates and chapters of national nonprofit organizations qualify to submit the 990-N.

The Form 990-N submission website will change as of February 29, 2016. All nonprofit organizations submitting Form 990-N should consider filing by February 28, 2016 in order to use the old submission website. Starting February 29, 2016, in order to file the Form 990-N, all nonprofits will be required to complete a one-time registration and file Form 990-N submissions through the IRS’s website at www.irs.gov.

Who Must File the Form 990-N

The Form 990-N is a short, 8-question filing that must be filed by organizations whose annual gross receipts are normally $50,000 or less. An organization meets this criterion if it:

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About Us

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.

Recent Blog Posts

Sue Krantz Completes Term on Rape Crisis Center Board

February 24, 2020 at 4:23 PM

Zinner & Co. partner Sue Krantz, CPA, CGMA, recently completed her term on the Board of the Cleveland Rape Crisis Center. For the past nine years, Krantz was honored to serve, most recently as Treasurer and a member of the Executive Committee.  “While my term...

IRS Launches Identity Theft Central

February 17, 2020 at 8:27 AM

The Internal Revenue Service launched an online resource called Identity Theft Central to help taxpayers report identity theft and teach them how to protect themselves against it. This new resource provides information to alert taxpayers to the signs of identity...

Plan for Tax Season

January 30, 2020 at 4:42 PM

Many individuals may think the time to plan for tax season occurs during the tax season, which occurs after their tax year has ended. Unfortunately, this is often too late to make any adjustments, which may have benefited the taxpayer.   Similarly, businesses can...

Extensions are not an Invitation for an Audit

January 24, 2020 at 12:52 PM

Due to many changes in the tax law under numerous tax acts that have been implemented over the past decade, including delay in the issuance of tax forms needed to complete individual income tax returns, the compression of the tax preparation and filing season has...

Is This Expense Deductible In 2019?

January 23, 2020 at 9:03 AM

The tax code is long and complicated and oftentimes, taxpayers do not know what deductions or credits are available, which means they cannot take advantage of possible savings. With so many changes under the 2017 Tax Cuts and Jobs Act and the 2019 SECURE Act now in...

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