FREE Business Workshops Planned for November
HURRY! Reserve your seat today!
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Your Income Tax Return: Why You Have Three Extra Days to File and Pay
Taxpayers will have until Tuesday, April 18, 2017 to file their 2016 returns and pay any taxes due. That’s because of the combined impact of the weekend and a holiday in the District of Columbia. 
Not-for-Profit? What you need to know about the new FASB rules
After more than three years of debate, comment, and revision, the Financial Accounting Standards Board’s (FASB) much-anticipated Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, was released on August 18, 2016. 
The newly released ASU will change the way all not-for-profits (NFPs) classify net assets and prepare financial statements. To view the standard in its entirety, visit the FASB’s website here.
Adoption of FASB ASU 2016-14 will result in significant changes to financial reporting and disclosures for NFPs. FASB believes the update will improve NFP financial statements and provide more useful information to donors, grantors, creditors, and other financial statement users. The standard is effective for annual financial statements issued for fiscal years beginning after December 15, 2017 and for interim periods within fiscal years beginning after December 15, 2018.
If you have a question about your not-for-profit financial reporting, contact us. We’re ready to meet with you and start the conversation. Email skrantz@zinnerco.com or 216.831.0733. 
Brett Neate Featured Speaker at Wire-Net Event
Learn “5 Things Every Business Owner Should Do Before December 31” during WIRE-Net’sOctober workshop, Thursday, October 12 at Cuyahoga Community College’s Advanced Technology Training Center. The event is open to members and non-members.
Partner Brett Neate will educate business owners and decision makers as they face the Q4 flurry of activity that is critical to accurately closing 2017 and properly preparing for 2018.
The full-morning session will address business succession, inventory and fixed assets, financial statement preparation, compensation and budgeting, and daily management of a business.
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Equifax Announces Cybersecurity Incident Involving Consumer Information
What we’re reading today:
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What We’re Reading… Cities continue to fight with state over tax collections
The idea is to make it easier for businesses to pay their municipal net profits taxes.
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Fiscal Fitness: How understanding financial statements will help you assess your company’s health
Many business operators, regardless of background, are charged with some degree of fiscal oversight. While some may have a basic understanding of the information listed on their company’s financial statements, the majority are not accountants, nor have they had training that covers the detail contained within their financial statements. 
11 Inventory Control Fast Fixes to Improve Your Bottom Line
For many companies, keeping close tabs on revenue, expenses, and profit is the number one priority. However, companies that carry inventory may not realize its direct effect on profitability. This effect is known as shrinkage. Shrinkage is the excess amount of inventory (in accounting records) that no longer exists in the actual inventory. In other words, it is a loss of inventory. There are several causes of shrinkage, such as:
Your Client Service Experience is Getting an Upgrade!
As we continue to invest in technology to provide our clients with the most reliable, secure, and up-to-date service, please note that on Monday, August 7, 2017, at 4 p.m., our phone, voicemail, and email will be offline temporarily for installation of a system upgrade.
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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.
Ohio BWC Recommends 20% Reduction in Rates
The Ohio Bureau of Workers' Compensation (BWC) has proposed a 20% reduction in the average premium rate charged to private employers. The proposed cuts are as a direct result of a decline in workplace injuries and lower projected medical costs. If approved by its...
New Partnership Rules are in Effect
Effective January 1, 2018, new rules took effect for partnership taxpayers. These "Partnership Audit Rules" affect how taxes (as well as penalties and interest) are assessed when a partnership has been audited by IRS. Under the old rules, when an IRS audit adjustment...
If You’ve Ever Been Tardy on Your Taxes…
You or your business may qualify for First Time Penalty Abatement (FTA).As you probably know, the Internal Revenue Service (IRS) can assess penalties to both individuals and businesses for not complying with the tax rules. For example, Late filers are generally...
What Exactly Does Timely Filed Mean?
Posted by: Howard J. Kass CPA, AEP® When we file tax returns, we all know that a return must be filed by its due date. In the case of our 1040s, the one we are all familiar with, the due date of April 15 is indelibly burned into our minds. So, while we know that...
Business and Motivational Podcasts You Should Check Out
At Zinner, we love learning! In December, we shared a list of a few business-related books we enjoyed reading in 2018. But reading a book isn’t always practical. For example, reading while driving is frowned upon. Thankfully, we can listen to podcasts and learn while...
Send us your questions and we’ll share our insights with you on our blog!