By Chris Valponi, APR
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By Chris Valponi, APR
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You’ve decided that it’s time to try your hand at real estate investing. You’ve read about the potential tax savings and you want to give it a try…great! But before you jump in, there are a few important things you should think about to ensure you’re protecting your personal assets and optimizing your tax position.
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Part 3 of a 5 Part Series
An Organization’s management is charged with managing the day-to-day operations of the non-for-profit; however, this does not relieve Board Members from taking on certain
oversight responsibilities.
Under a new provision created by the Tax Cuts and Jobs Act (TCJA), for the tax years 2018
and 2019 you may qualify for a tax credit if you set up or amend a paid-family leave program. Under Section 45S of the Internal Revenue Code, employers that voluntarily offer qualifying employees up to 12 weeks of paid family and medical leave annually under a written policy, may claim the credit.
Bad things happen – that’s reality. How well and quickly your organization recovers is a matter of planning ahead and staying prepared. In this article we’ll
discuss the 6 keys to properly preparing for a disaster.
Using a contractor can be an attractive option that allows you to scale hours up or down as
needed. This can be significantly cheaper too, since you do not have to provide them with benefits or vacations. But before you pull the trigger on utilizing an independent contractor, you should know that the IRS takes intentional misclassification of contractors very seriously. The IRS understands the financial incentives to using 1099 contractors and they know the temptation exists to classify a worker as a contractor when you truly view and treat them as an employee.
It’s June and that means lots of young folks are graduating. For those of you getting ready to walk across the stage and receive your diploma…CONGRATULATIONS! Now, it’s time to start “adult-ing”.
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Each year, Zinner & Co. hires interns to work during tax season alongside seasoned professionals to deliver accurate tax returns and provide insightful advice. Zinner & Co. invests a significant amount of time and resources recruiting, training, and mentoring the college interns…and it’s completely worth it! Here are a few really important reasons why we do it:
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Well, 2019 is right around the corner, and before you know it important tax-
related deadlines will be upon us. Due to changes in the tax code created by the Tax Cuts and Jobs Act (TCJA) we highly recommend you allow extra time in gathering required information for the 2018 tax season.
IRS Commissioner Charles Rettig has announced the IRS will be issuing additional guidance on the taxation of cryptocurrencies, also referred to as virtual currencies.
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Not-for-profit organizations, just like other business entities, had significant changes thrust upon them due to the pandemic, and in response, had to make changes to their programming activities, staffing and budgets, among other things. There are a number of things...
As a QuickBooks Payroll subscriber, you have probably received the following email from Intuit regarding a change to QuickBooks Payroll in that will be implemented in early fall 2021. This service will allow The Work Number® from Equifax to access your...
Shuttered Venue Operators Grants and Restaurant Revitalization Fund Grants can pose accounting challenges. On Aug. 10, the AICPA released a Technical Question and Answer (TQA) surrounding how a recipient should account for these grants. TQA...
According to Accounting Today, the Internal Revenue Service began sending out letters from its Automated Collection System function in June and restarted the income tax levy program in July. Suspended last year, the IRS tax levy program includes both tax levy and...
As small business owners complete the second quarter 2021 filing of their state unemployment tax payments with the Ohio Department of Job and Family Services, they should be aware that tax saving benefits have been preserved for the coming years.On June 29, Gov. Mike...
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