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Blog & Newsroom

Firm also hires two additional employees

Zinner & Co. is proud to announce two employees were recently promoted into management roles, while the firm hired two additional employees to fill important roles.

In late December, the Internal Revenue Service launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing Employee Retention Credit (ERC) claims in error.

A new year ushers in many changes for the Internal Revenue Service, but one massive problem will not go away – backlogs.

While the IRS still must deal with a backlog of mail and a backed-up phone system that leaves taxpayers and practitioners on hold and frequently drops the call, changes are in the works. Among them are a potential new commissioner (Danny Werfel was nominated for the role in November 2022) and an increased budget that will give the IRS billions of dollars to spend, although it has less than two months left to develop a spending plan.

On Dec. 29, the Internal Revenue Service issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

The Employee Retention Credit (ERC) was established under the CARES Act in March 2020 to provide a refundable employment tax credit to help businesses with the cost of payroll and to help keep people employed during the COVID-19 pandemic. If your business qualifies, the ERC can potentially be a very large influx of cash to help you continue to run a successful business.

Cleveland Jewish News recently named Zinner & Co. Partner Susan Krantz, CPA, CGMA, one of 18 Difference Makers for 2022. 

Krantz joined Zinner & Co. in 1990 and was named a partner in 1999. She possesses over 30 years of experience in audit and assurance. 

Zinner & Co. Managing Partner Robin Baum, CPA, will present at the 49th Annual Charitable Tax Seminar, organized by the Jewish Federation of Cleveland's Professional Advisory Council.

Issue highlights another reason to file and make remittance payments electronically

The Internal Revenue Service admitted it destroyed roughly 30 million unprocessed informational returns from the 2020 tax year.

After more than a year of work, the Ohio General Assembly finally passed legislation to legalize sports gambling in Ohio, which now awaits the signature of Gov. Mike DeWine.

Zinner & Co. is pleased to continue its support and sponsorship of the Magic of LightsTM, being held at the Cuyahoga County Fairgrounds in Berea, from Nov. 24 through Jan. 2, between the hours of 5:30 and 10 p.m.