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Brett Neate Featured Speaker at Wire-Net Event

Brett Neate Featured Speaker at Wire-Net Event

Learn “5 Things Every Business Owner Should Do Before December 31” during WIRE-Net’sOctober workshop, Thursday, October 12 at Cuyahoga Community College’s Advanced Technology Training Center. The event is open to members and non-members. 
 
Partner Brett Neate will educate business owners and decision makers as they face the Q4 flurry of activity that is critical to accurately closing 2017 and properly preparing for 2018.

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The full-morning session will address business succession, inventory and fixed assets, financial statement preparation, compensation and budgeting, and daily management of a business. 
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Why Your 401(K) Plan May Not Be the “End-All Be-All” For Your Retirement

Why Your 401(K) Plan May Not Be the “End-All Be-All” For Your Retirement

Since their inception via the Revenue Act of 1978, 401(k) plans have been great tools to help workers save for retirement. While a 401(k) plan has many advantages, there are also some drawbacks to them that one should consider when creating a comprehensive retirement-strategy.Cleveland CPAs 401 k.jpeg

The advantages of a 401(k)

The basic concept of a 401(k) plan is to allow workers to make pre-tax contributions to the plan from their paychecks. As a result, money contributed is not included in their taxable income for that year.

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IRS Alerts Taxpayers with Limited English Proficiency of Ongoing Phone Scams; Urges Caution Before Paying Unexpected Tax Bills

IRS Alerts Taxpayers with Limited English Proficiency of Ongoing Phone Scams; Urges Caution Before Paying Unexpected Tax Bills

WASHINGTON — The Internal Revenue Service continues to warn taxpayers with limited English proficiency of phone scams and email phishing schemes that continue to occur across the country. Zinner-EBook-MAR17-Cover.png

Con artists often approach victims in their native language, threaten them with deportation, police arrest and license revocation, among other things.

“These scammers continue to adapt and evolve, and the IRS continues to receive reports of these schemes using multiple languages trying to find victims across the country,” IRS Commissioner John Koskinen said.

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Show Me the Money – How InvestOhio may reduce your taxes

Show Me the Money – How InvestOhio may reduce your taxes

Buy Ohio MadeWhile there are a myriad of ways to reduce Ohio income taxes that are well known and widely leveraged, some methods seem to go largely unnoticed.  One of those lesser-known and underutilized methods that every small business owner, or those interested in owning a small business, should be aware of is the InvestOhio program.

InvestOhio, launched by the State of Ohio several years ago, was created to encourage investment in Ohio-based eligible small businesses.  Qualifying applicants to this program will receive non-refundable Ohio personal income tax credits equal to 10% of their investment in an eligible small business.  Any unused credits can be carried forward up to seven years.

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What I’m Reading This Summer – Passive Activity Losses and the Material Participation Tests

What I’m Reading This Summer – Passive Activity Losses and the Material Participation Tests

In my youth, I was fascinated by all things weird and wonderful.  The natural wonders of the world, such as the Grand Canyon or Aurora Borealis, were impressive for their scale and beauty.  However, the man-made wonders were impressive not only for their scale and beauty but also for the fact that they sprung from the minds of men and made real through years of hard work. What_Im_Reading_this_Summer.jpg

I was in awe and fueled my interests through the joy of reading. I always held a love for books and looked forward to trips to the local library, so I could find an armful of books that I could read and fill my book log during the annual summer reading program.

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Knowledge Before College: Navigating the FAFSA

Knowledge Before College: Navigating the FAFSA

Beginning this week, we will kick off a series of FAFSA-related articles that will visit topics and scenarios related to financial aid, navigating the FAFSA process, how your income or your taxes play into the FAFSA and important dates for timely form filing. Piggy_bank_FAFSA.jpg

Piggy_bank_FAFSA.jpgFrom divorced parents, to income variances, to which college savings plan is right for your family, we’ll address these topics and much more. This series is a great resource for parents preparing to send their child to college or degree-seeking adults entering the education marketplace.

FAFSA: The Nitty and the Gritty
First in a series

We all have our favorite seasons – spring, summer, baseball, football. As a CPA, I have tax season, and, if you are parent of a college-bound student, you know all too well, it is FAFSA season. Why should an event that seems invasive, confusing, and stressful be given such a lofty ranking?  How about a chance at free money?

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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.
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

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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)...

What Does the Government Shutdown mean as Oct. 15 approaches?

Extended Filing Due Date Approaches for 2024 Individual Income and Gift Tax Returns As the Oct. 15, extension deadline looms for filing 2024 individual income and gift tax returns, what does the federal government shutdown mean for Internal Revenue Service employees...

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