The midway mark in the calendar year signifies a checkpoint for the Bureau of Workers Compensation (BWC). The BWC Annual True-up reports are due soon and while many companies are ready, some may still be a little fuzzy about the new process and timeline.
This is the second year for annual True-up reporting. Most private employers are on a bi-monthly payment installment schedule (other than the minimum payers). If employers wish to elect a monthly installment option, they can make the change annually prior to the start of the new policy year,
Posts By: Zinner & Co.
Show Me the Money! BWC annual True-up reports due soon
Zinner & Co. Bureau of Worker's Compensation , Business - Management, Issues & ConcernsDo You Have an HSA? What you need to know about the 2018 limits
Zinner & Co. HSA , Taxes - Planning, Rules and Returns , Taxes - IndividualThe 2018 health savings account (HSA) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2018.
Partner Howard J. Kass, CPA, CGMA, AEP®, was recently installed as president of the Cleveland-Akron Chapter of the Society of Finance Service Professionals.
"It is an honor and privilege to serve the Society and continue its longstanding mission of setting and promoting standards of excellence for professionals in financial services.
Employers: $1 billion Headed Your Way in July
Zinner & Co. Bureau of Worker's Compensation , Taxes - Corporate & Business , Business - Management, Issues & ConcernsFrom the Ohio Bureau of Workers' Compensation news desk
June 15, 2017
Ohio’s economy will get a big boost in July. That’s when the BWC will send $1 billion in rebates to eligible Ohio employers, the first part of The Third Billion Back plan that was announced in March.
Q: I am fed up and frustrated trying to keep—and remember passwords that are both complex and creative. This is frustrating and I am at my wit's end. What can I do to make it easier for me to remember but more secure against attacks? -Mary Kay C, Business Executive, Brookpark, Ohio
A: Thanks for your question, Mary Kay. Yours is one that almost everyone can relate and you are not alone in your frustration. Fortunately, I may be able to provide some insight and an alternative for you.
Pay Me Now, Pay Me Later: Should you pay quarterly estimates or utilize tax withholdings?
Zinner & Co. Taxes - Individual , income tax , IRS , Matt SzydlowskiMany clients ask if it is more advantageous to pay quarterly tax estimates or utilize their tax withholding. I wish there were a simple, cookie-cutter answer. However, as no two taxpayers are alike, the same goes for the manner in which one can pay one’s taxes.
Both methods of paying income tax have their pros and cons. The best selection depends on your personal preference and, more so, financial situation. A majority of self-employed individuals must utilize quarterly payments. However, if you have an income source such as retirement distributions, social security or employee wages, you have the option of withholding tax from those income streams in lieu of paying quarterly.
REAL ID: What it is and how it will affect you
Zinner & Co. identity theft , Business - Management, Issues & ConcernsCredit: U.S. Department of Homeland Security
Secure driver's licenses and identification documents are a vital component of a holistic national security strategy. Law enforcement must be able to rely on government-issued identification documents and know that the bearer of such a document is who he or she claims to be.
The REAL ID Act is a coordinated effort by the states and the Federal Government to improve the reliability and accuracy of state-issued identification documents, which should inhibit terrorists’ ability to evade detection by using fraudulent identification.
From wacky tie day to a hilariously difficult spelling bee, CPAinting to “dress as a Partner,” the Zinner team shared wit and wisdom during the firm’s annual United Way of Greater Cleveland fundraising campaign.
“We are fortunate that the Zinner staff are inherently caring, giving folks. As long-time supporters of the United Way and the people, programs, and organizations they serve, it was our pleasure to find meaningful ways to not only raise funds, but also raise awareness for the work they do,” said Sue Krantz, partner.
Check out some of the fun snapshots from our campaign activities.
These emails about QuickBooks software are actually a phishing scam!
Zinner & Co. fraud , quickbooksWhat caught our eye today? This article by Emily Valla, special to the Idaho Statesman.
Do you remember when you were in school and the teacher would give each student a worksheet to “spot the difference” between two side-by-side detailed scenes? You would look carefully at each of the two images, trying to spot subtle details, such as an extra button on a shirt or a missing shoe on a person. Maybe it was the number of petals on a daisy or a cone of ice cream missing the cherry on top. The directions would indicate there would be six differences, but try as hard as you did, (and even when you asked a classmate for help) you could still only find four or five differences, and were convinced there was never a sixth.
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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.
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