The Internal Revenue Service recently announced anyone, who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts, now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020.
This 60-day rollover period for any RMDs already taken this year has been extended to Aug. 31, 2020, in order to give taxpayers time to take advantage of this opportunity.
Since April, Zinner & Co. staff members have held weekly Zoom meetings.
As part of the discussion, staff members talked about the “silver linings” that they have found during the COVID-19 pandemic.
Here are a few of the notable positive actions and thoughts to come out of these discussions: read more…
Since April, Zinner & Co. staff members have worked hard to maintain regular communication with their clients during the COVID-19 pandemic.
During some of our conversations, we have heard many uplifting stories of how our clients are making the most of the “Stay at Home” order. Here are few stories we wanted to bring to your attention: read more…
During the current “Stay at Home” issued by Ohio Gov. Mike DeWine, Zinner & Co. staff are working remotely to meet the needs of all of our clients.
Thanks to the efforts of all Ohioans, in April we have successfully “flattened the curve” and avoided overwhelming our hospitals with COVID-19 cases.
By practicing social distancing during this challenging time, you have helped to make a difference and save lives.
In late April, Gov. DeWine announced the Responsible Restart Ohio Program, which allowed healthcare institutions including hospitals, clinics, dental offices and veterinarians to begin outpatient procedures and treatments for other life threatening conditions on May 1. read more…
Zinner & Co. is pleased to sponsor and support our long-time client, The Cleveland Play House, and their 20th Annual Festival of Trees.
The Festival is located in the Allen Theatre Lobby and features over 30 holiday trees decorated and sponsored by leading artists, designers and community organizations. In addition to the tree displays, the festival will feature live choral performances and free photos with Santa.
read more…
Last year you thoughtfully constructed a budget. You painstakingly evaluated your projected income and expenses. You pored over your cash flow projections. You wiled away the hours getting the best snapshot you could of your business in the year to come.
Well, the 4th quarter is here. How did last year’s budget fair? How often did you revisit it? Did you keep it up-to-date?
If you’re like most companies, you probably haven’t touched your budget since you constructed it. Or perhaps you’ve occasionally looked at it to see how you’re doing on your budget vs. actual.
read more…
If you are using QuickBooks, you are not alone. In fact, QuickBooks is the market share leader for small business accounting. Like most software packages, most users do not take advantage of the full capabilities of the system.
To get the most out of your investment in QuickBooks, you should look at using more of the systems features while avoiding some of the common mistakes. The following is a list of best practices you should consider implementing for your small business: read more…
Zinner & Co. is pleased to continue its support and sponsorship of the Magic of LightsTM, being held at the Cuyahoga County Fairgrounds in Berea, Ohio from November 27, 2019 through January 4, 2020.
Magic of LightsTM has become a yearly tradition for many Northeast Ohio families who marvel at 
thousands of decorative displays and interactive holiday lights. There are also fun activities for all ages, such as the Jolly Holiday Village, which is an exciting experience where guests can exit their cars to take photos with Santa, decorate snowmen, watch classic holiday movies, play games, enjoy hot chocolate and other seasonal treats, and much more!
Posted by: Barbara Theofilos, CPA
read more…2020 is almost here, and some important tax-related deadlines will be here with it. Be sure to plan well in advance of these dates to ensure you have sufficient time to plan and prepare to file your 2019 taxes.
The sales and use tax rate for Lake County (43) will increase from 7 percent to 7.25 percent effective July 1, 2025. Last year, LakeTran, the county's regional public transportation system, announced that it would pause the agency's quarter-of-a-percent sales tax,...
On April 9, vendor licenses will increase from $25 to $50. The change is due to the passage of HB 366, to support the Organized Crime Commission Fund. This fee increase will impact both county vendors and transient vendors’ licenses. A vendor license is required for...
Potential Income and Estate Tax Savings The death of a husband or wife can be an overwhelming time for the surviving spouse, especially when it comes to financial decisions. When a spouse dies, many surviving spouses elect to transfer retirement assets to their own...
Tax season can be stressful, but it becomes even more challenging when scammers try to take advantage of unsuspecting people. Each year, tax-related scams cost individuals thousands of dollars, and no one wants to become a victim. With the rise of phishing attempts,...
Snyder and Hilditch also promoted Zinner & Co. is proud to announce that Laura Haines, CPA, has been named a partner. Prior to her promotion, she was the firm’s Accounting Tax Services Senior Manager. “I am excited for this opportunity,” said Haines. “It will be...
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