The IRS has released the retirement contribution limits for the 2021 tax year. The new limits are adjusted based on increases in the cost of living.
read more…
Tax Filing and Payment Deadline Pushed Back to May 17
The Treasury Department and Internal Revenue Service announced the federal income tax filing due date for individuals for the 2020 tax year has been pushed to May 17.
The IRS will be providing formal guidance in the coming days. However, individual taxpayers do not need to file any forms or call the IRS to qualify for the new federal tax filing and payment deadline.
read more…
AICPA asks Congress for PPP and tax filing deadline extensions
The American Institute of Certified Public Accountants recently asked Congress to extend the Paycheck Protection Program’s March 31 application deadline at least 60 days. Additionally, the AICPA also asked the IRS and the Department of the Treasury to extend the April 15 tax filing and payment deadline to June 15.
read more…
Zinner & Co. Recommends CamScanner- PDF Scanner App to Scan Documents
Often times, clients will scan over important documents and email them to use.
While this approach works well with a good scanner, some people do not have a scanner at their house.
The good news is, you can use your cell phone to scan documents.
For several years, Zinner & Co. employees have used the CamScanner-PDF Scanner App to convert important documents into PDFs. read more…
ODJFS Warns Ohioans to be on Lookout for Signs of Identity Theft
Ohioans should be on the lookout for signs of identity theft as they begin to receive their tax documents in the mail.
read more…
Does your Business now Qualify for the Employee Retention Credit?
The Employee Retention Credit is part of the reconstituted Paycheck Protection Program and is designed to help businesses who have been adversely affected by the COVID-19 pandemic retain their employees.
read more…
Updates on the Second PPP Program
The second round of Paycheck Protection Program funding has been open for two weeks and it appears funds are going to the intended recipients.
read more…
Reporting of Other Government Payments
Many businesses who received Ohio Bureau of Worker Compensation rebate or dividend checks during 2020 recently received a letter from the Ohio Bureau of Workers Compensation requesting that they provide the BWC a completed Form W-9 to provide the information needed to complete the IRS tax statement Form 1099-G, which reports taxable Government Payments. This action also indicates that these rebate payments could potentially be subject to both Ohio state income tax and Commercial Activity Tax.
read more…
Highlights of the long-awaited second COVID Relief Bill
On Dec. 21, Congress passed the long awaited $900 billion COVID stimulus deal. The legislation called, the Consolidated Appropriations Act, 2021, is expected to be quickly signed by President Trump. It is intended to help families and small businesses that are continuing to be adversely impacted by the COVID-19 pandemic.
read more…
Lorenzo’s Dog Training Team Helps Bring Pets and Owners Closer Together
From an early age, Lorenzo Miller realized he loved dogs.
Growing up in the inner city, the 6-year-old saw the stray dogs in his neighborhood knocking over garbage cans looking for food and wanted to help them. Soon, he began to bring the dogs into his home, but was not allowed to keep them. He had to smuggle them into his bedroom and trained them, knowing they had to be quiet in order to keep them hidden. read more…
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.
Essential Tips to Protect Yourself from IT Security Concerns
In our increasingly digital world, safeguarding yourself from IT security concerns is crucial. Cyber threats such as hacking, phishing, and malware can compromise your personal information, financial data, and overall online security. By adopting proactive measures,...
Ask the Expert: As a sitting board member of an organization, can I be personally liable for the actions of the entity?
Q: As a sitting board member of an organization, can I be personally liable for the actions of the entity? In a word, yes. As a member of the board of directors, you assume certain fiduciary responsibilities. Failure to uphold the fiduciary responsibilities to...
Do you have unclaimed funds?
You may not realize it, but there is a chance you may be owed money from banks, insurance companies, utility and other entities. Throughout the U.S., billions of dollars go unclaimed every year. Approximately one-in-seven Americans, according to usa.gov, currently...
Ohio expands 2024 sales tax holiday
With the start of the 2024-2025 school year seemingly right around the corner, the Ohio Department of Taxation announced an expansion of the state’s annual sales tax holiday. This year’s tax holiday will take place from midnight on July 30 and run through 11:59 p.m....
Ohio Dept. of Taxation issues new Employer Withholding Rates
New rates effective July 1 The Ohio Department of Taxation has issued new employer withholding tables for payrolls that begin on or after July 1, 2024. The new tables include the income tax rate reductions that went into effect when Ohio House Bill 33 was signed into...
Send us your questions and we’ll share our insights with you on our blog!