Deposit Employee Contributions into 401(K)s within 7 Days
A new federal “safe harbor” rule requires small employers (those with fewer than 100 participants) to make contributions into their employees’ 401(k)-plan accounts within 7 business days of receipt or withholding. Larger employers continue to have a...
New Ohio Income Tax Tables Will Save Taxpayers $25 Million
The Ohio Department of Taxation has unveiled its first-ever adjustment of Ohio’s individual income tax tables for inflation, a move that will save Ohioans an estimated $25 million annually starting with the returns due next spring. The income levels associated...
Tax Impact of New Ohio State Budget
Ohio's biennial budget, containing numerous changes that will affect every taxpayer in Ohio, was recently approved and signed by Governor Kasich. Some of the more significant changes that have been implemented are as follows: Personal income tax rates will be cut by...
Business Travelers Take Note: Special Per Diem Rates Updated
Travel expenses rack up quickly whether one is traveling for business or pleasure. For tax-paying business travelers, the Internal Revenue Service recently updated its annual rates for special per diem expenses - incidentals, transportation and high-cost localities -...
Efforts by Ohio to Prevent Tax Fraud May Cause Refund Delays
The following is an information release from the Ohio Department of Taxation... Download the release here. If you have questions on this, or any other tax or business related issue, please contact the experts at Zinner & Co.
Send us your questions and we’ll share our insights with you on our blog!