As part of the continued crackdown on refund fraud and identity theft, the Internal Revenue Service today released the Top 10 Identity Theft Prosecutions for Fiscal Year 2015. These prosecutions are part of the wide-ranging strategy to combat refund fraud and assist taxpayers through detection, prevention and resolving identity theft cases in a timely manner.
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The Last Chance to Take Advantage of “File and Suspend” is Fast Approaching!
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When to file
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With school just a few weeks away, many parents are in the thick of back-to-school shopping. The thought of spending countless hours in the stores and comparing sale prices online to save on pencils, paper, book bags and school clothes can be daunting.
Fortunately, the State of Ohio has renewed legislation allowing for a second sales tax holiday, August 5 – 7, 2016. This sales tax holiday only applies to certain types of goods purchased from 12:01 am August 5th through 11:59 pm August 7th. 
So through some miracle, you ended up with enough healthy players at the end of your season to triumph in your fantasy football championship. Although you may still be riding that high, like yours truly, it’s good to know how this may or may not affect your tax return for this year. With fantasy football becoming ever more popular year after year, it’s becoming a larger target to the IRS.
As a business owner, you’re entering into transactions potentially on a daily basis. Suppose you enter into a transaction with someone, hurrying to get the deal closed as you’re set to rake it in. It comes around to December, and your accountant is preparing a projection of what your tax liability will likely be for the year.
Then you get a call that you’re going to owe a boat load of money to the government for that transaction you failed to consult with your accountant about beforehand. What do you do now?
Do you have a question about your income taxes or other financial concerns? We are ready to start the conversation. Contact us at info@zinnerco.com or call 216.831.0733 for a no-cost, no-obligation consultation. 
Recently, employers were asked which part of the ACA they most want to see changed. And in what’s likely to be a surprise to many, the No. 1 answer wasn’t the employer mandate.
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As management advisors, we strive to keep our readers informed, educated and in-step with the latest news surrounding business and personal cyber security. Knowlege is power — and we are fortunate to receive many pieces of communication each day from credible agencies that help us guide you.
Today, we share insight from the AICPA’s National CPA Financial Literacy Commission’s latest news.
The Treasury Department and the Internal Revenue Service recently announced the distribution of economic impact payments will begin within the next three weeks, and will be distributed automatically, with no action required by most people. However, some seniors and...
The American Institute of CPAs has recommended a defined set of documents for lenders regarding the Small Business Administration’s Paycheck Protection Program (PPP) application process. According to the Maryland Association of Certified Public Accountants, Inc., the...
The CARES Act will provide billions of dollars of relief to individuals, businesses, state and local governments, and the health care system. After extensive negotiations, an agreement was reached on a massive stimulus bill to address the financial and health care...
During the current Coronavirus pandemic, many businesses are struggling and some, unfortunately, are forced to lay off their employees. The Ohio Department of Job and Family Services offers a voluntary Layoff Aversion Program called SharedWork. This program allows...
The U.S. Treasury Department, Internal Revenue Service, and the U.S. Department of Labor announced small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar,...
Send us your questions and we’ll share our insights with you on our blog!