Many clients ask if it is more advantageous to pay quarterly tax estimates or utilize their tax withholding. I wish there were a simple, cookie-cutter answer. However, as no two taxpayers are alike, the same goes for the manner in which one can pay one’s taxes.
Both methods of paying income tax have their pros and cons. The best selection depends on your personal preference and, more so, financial situation. A majority of self-employed individuals must utilize quarterly payments. However, if you have an income source such as retirement distributions, social security or employee wages, you have the option of withholding tax from those income streams in lieu of paying quarterly.
Credit: U.S. Department of Homeland Security
Secure driver's licenses and identification documents are a vital component of a holistic national security strategy. Law enforcement must be able to rely on government-issued identification documents and know that the bearer of such a document is who he or she claims to be.
The REAL ID Act is a coordinated effort by the states and the Federal Government to improve the reliability and accuracy of state-issued identification documents, which should inhibit terrorists’ ability to evade detection by using fraudulent identification.
From wacky tie day to a hilariously difficult spelling bee, CPAinting to “dress as a Partner,” the Zinner team shared wit and wisdom during the firm’s annual United Way of Greater Cleveland fundraising campaign.
“We are fortunate that the Zinner staff are inherently caring, giving folks. As long-time supporters of the United Way and the people, programs, and organizations they serve, it was our pleasure to find meaningful ways to not only raise funds, but also raise awareness for the work they do,” said Sue Krantz, partner.
Check out some of the fun snapshots from our campaign activities.
What caught our eye today? This article by Emily Valla, special to the Idaho Statesman.
Do you remember when you were in school and the teacher would give each student a worksheet to “spot the difference” between two side-by-side detailed scenes? You would look carefully at each of the two images, trying to spot subtle details, such as an extra button on a shirt or a missing shoe on a person. Maybe it was the number of petals on a daisy or a cone of ice cream missing the cherry on top. The directions would indicate there would be six differences, but try as hard as you did, (and even when you asked a classmate for help) you could still only find four or five differences, and were convinced there was never a sixth.
| It's that time of year again when most are thinking about filling out their tax return. Many are sifting through shoeboxes full of receipts, others, wondering if they have a receipt. |
If you are an employer planning to add to your workforce, you need to know about the recent change regarding Form I-9, the Employment Eligibility Verification form. Form I-9 is compulsory for all employers to confirm every newly hired employee’s identity and that they are authorized to work in the United States.
REMEMBER: The IRS doesn't initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. In addition, IRS does not threaten taxpayers with lawsuits, imprisonment or other enforcement action. Being able to recognize these tell-tale signs of a phishing or tax scam could save you from becoming a victim.
