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Zinner & Co. Receives Business Longevity Award

Zinner & Co. Receives Business Longevity Award

 Zinner & Co. was recently named an honoree of the 2016 Business Longevity Award by Smart Business Magazine. The firm, established in Cleveland in 1938 by Harry Zinner, is led by Managing Partner Robin Baum and partners Susan Krantz, Howard Kass, Gabe Adler and Brett Neate. 75YearsInBusinessIcon.jpg

The award will be presented at an August 4th ceremony and will recognize Zinner & Co. in addition to only 44 other regional companies with at least 50 years in business. Honorees must have demonstrated their ability to adapt and evolve with changing times.

“We are thrilled to be named an award honoree and to share the distinction with such a prestigious group of companies,” said Robin Baum, CPA, Managing Partner. Our approach to business growth and sustainability mirrors the same principles that we use when advising our clients; work strategically, with integrity, while never losing sight of the clients’ needs.”

The firm has evolved over the decades, becoming a true business partner that provides services beyond tax and accounting work. Specialty niche service areas not only span a variety of industries including real estate, manufacturing, professional services and not-for-profit, but also provide operational services including management consultancy, outsourced business services and planning and preparation for companies from start-up through succession.  

This visionary method to business is part of what keeps the Beachwood-based firm on its successful track; the other part is the culture of giving, a tenet shared among all employees. Employees are active members of the region, whether serving on boards, volunteering, donating their time or talent, or spearheading a cause. “We believe growing our community is just as important as growing our business,” added Baum.

A Smart Business Magazine judging panel reviewed submitted essay’s describing how companies remained viable over the decades and selected the recipients. 

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Zinner & Co. Shows Their Purple to Promote Epilepsy Awareness

Zinner & Co. Shows Their Purple to Promote Epilepsy Awareness

While the logo colors of Zinner & Co. are blue and silver 51 weeks of the year, purple was the weeklong preference from March 21- 26. Purple Day is an annual international celebration to create awareness and support for epilepsy and related seizure disorders. What began as a small initiative in 2008 by a young girl in Nova Scotia is now supported annually on March 26th by people in countries around the world.

“We are thrilled to participate in this annual event. In addition to our deep-rooted spirit of philanthropy, we also work to help others outside the firm learn about and better understand this chronic disorder,” said Partner Sue Krantz, CPA. Purple_day_2016_group.jpg

Epilepsy affects about 2.3 million adults and 467,000 children 0-17 years of age in the United States, more than Parkinson’s disease, cerebral palsy, multiple sclerosis and muscular dystrophy combined. Of the major chronic medical conditions, epilepsy is among the least understood even though 1 in 3 adults knows someone with the disorder.

“Employees have been very creative with their show of support.
In addition to the office adorned with purple flowers and decorations, many made a donation to wear purple clothing throughout the week; some went as far as having purple nail polish, purple glasses and purple tennis shoes,” Krantz added. Patti_and_purple_prize_basket-1.jpg

“Our Firm  brought in lunch from California Pizza Kitchen on the day where they donated a portion of their sales back to the Epilepsy Association.” The week concluded with a purple-themed basket raffle and purple snacks and treats. 

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Schedule SSA…Gone But Not Forgotten & New and Improved Form 8955-SSA…About Time!

In early March, the IRS released Announcement 2011-21, announcing that it would “soon” release the 2009 version of Form 8955-SSA, which is the replacement for the old Schedule SSA to Form 5500. The 2010 form was promised “later.” As of June 18, 2011, the IRS released the 2009 Form 8955-SSA, but to date still has not released the 2010 version of this form.

In general, a plan sponsor must file the 2009 Form 8955-SSA (for a single employer plan) if the participant separates from service covered by the plan in a plan year and the participant is entitled to a deferred vested benefit under the plan.  Form 8955-SSA must be filed no later than the plan year following the plan year in which the participant terminates employment with the employer.

It is anticipated that the 2010 Form will also require disclosure of individuals whose benefits were transferred in 2010 from another plan into the reporting plan, and individuals whose benefits ceased to be payable by the reporting plan during 2010 (because they received a distribution of their entire vested benefits in 2010).

As of now, what options does an employer have for satisfying the 2010 Form 8955-SSA filing requirement?

At present, there are three options:

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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.
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