As of July 1, Zinner & Co. is proud to name Christopher Valponi, CPA, as our new Audit and Assurance Supervisor.
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Extension Periods for Various Tax Returns Revised
The Highway Act changed the filing due dates of business income tax returns beginning for tax years after 12/31/15. Along with these changes the extension periods for other types of returns have also been updated. The following chart highlights these important revisions.
read more…Windfalls: Be Prepared
Posted by: Michael Hermes, Tax Senior
read more…Changes forthcoming to the Ohio Bureau of Workers’ Compensation
Posted by: Gary M. Sigman, CPA, MTax, PFS
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Changes to Filing Due Dates for Business Income Tax Returns
The Highway Act is making changes to our familiar due dates for business income tax returns. To recap current due dates, form 1120 (U.S. Corporation Income Tax Return) is initially due two and a half months after the close of the corporation’s tax year and can be extended for a six month period.
Calendar year corporations are, therefore, initially due on March 15th following the end of the calendar year and can be extended through September 15th. Form 1065 (U.S. Return of Partnership Income) is initially due three and a half months after the close of the calendar year with an option for a five month extension. Calendar year partnerships are initially due April 15th with an extension making the due date October 15th.
Read more by Barb Theofilos: When Are Severance Payments Made to FICA?
Avoid Losing Your Tax Exempt Status
Posted by: DeAnna Alger
read more…The Celiac Tax Deduction; Some Clarity from the IRS
Posted by Howard Kass, CPA
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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.
No Tax on Overtime Pay
The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax. This...
Understanding the Changes to Tax on Overtime Pay
The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax. This move...
Charitable Contribution Limitations Under H.R. 1
The One Big Beautiful Bill Act (OBBBA), also known as H.R. 1, was signed into law in July 2025, bringing significant changes to the rules governing charitable contribution deductions for taxpayers who itemize. If you regularly make charitable donations and claim them...
Trump Accounts: A Way To Help Save For Your Children’s Retirement
When it comes to retirement planning, most individuals do not begin to seriously consider their options until they are well into their working years. Even fewer people think about laying the groundwork for their children’s retirement. However, with the passage of the...
Depreciation: One Big Beautiful Bonus
The One Big Beautiful Bill Act (OBBBA) brings a host of impactful tax changes, and one of the most significant for businesses is the enhancement of bonus depreciation. This provision is designed to provide immediate tax relief and incentivize investment in new assets....
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