Notice to All Business Owners: Deducting and Capitalizing Business Expenses 3.0
There are significant changes in federal tax law that will likely affect business owners significantly.
read more…
Less Money in Your Pocket? Learn How the Expired Federal Tax Provisions Could Affect You
As we head into the last quarter of 2015, it’s time to take a look at what is happening on the federal level that may impact the deductions and credits for you or your business.
Below is a list of some of the most significant tax provisions affecting individuals and businesses that expired on 12/31/14. It is quite possible that Congress will extend some, or all, of these through the end of 2015. However, as of the current date this has not yet been done. We may not know conclusively about the fate of these provisions until much later in the year.
No Business Deduction for Legal Medical Marijuana Dispensary
With each passing year, additional states are considering legalizing the sale of marijuana for medical and/or recreational purposes. Ohio is among those states considering legalization, with the issue up for vote on the upcoming November ballot. 
While state law is becoming more and more accepting of the idea, the act is still prohibited under federal law. As one can imagine, this can create some interesting tax issues.
Related read: How to Deduct Expenses Related to Personal Property
New Ohio Small Business Investor Income Deduction
Posted by: Gary M. Sigman, CPA, MTax, PFS, AEP®
(from January 20, 2014)
Reconsidering the Medical Expense Deduction
Posted by: DeAnna Alger, CPA
read more…Can you Deduct that Alimony?
Posted by: Gary M. Sigman, CPA, MTax, PFS, AEP®
read more…Congress Finally Passes “Tax Extender” Legislation
Posted by: Gary M. Sigman, CPA, MTax, PFS, AEP®
read more…Passive Activity Rules and Their Relationship to Trusts
The Many Benefits of a SEP
Posted by: Robert O’Neil, CPA
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.
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