Using a contractor can be an attractive option that allows you to scale hours up or down as needed. This can be significantly cheaper too, since you do not have to provide them with benefits or vacations. But before you pull the trigger on utilizing an independent contractor, you should know that the IRS takes intentional misclassification of contractors very seriously. The IRS understands the financial incentives to using 1099 contractors and they know the temptation exists to classify a worker as a contractor when you truly view and treat them as an employee.
7 Money Tips for New Grads
Zinner & Co. debt , financial planning , Financial Planning - College , collegeIt’s June and that means lots of young folks are graduating. For those of you getting ready to walk across the stage and receive your diploma…CONGRATULATIONS! Now, it’s time to start “adult-ing”.
5 Key Metrics You Should be Monitoring in Your Professional Services Business
Zinner & Co. Business - Management, Issues & Concerns , ProductivityRunning a professional services firm requires a steady hand a keen eye. You have to be able to implement changes on the ground in real-time.
5 Key Reasons Why You Should Take Vacation Time (and Your Employees Should Too)
Zinner & Co. Operations , SMBOne of the hardest things about running a small business or not-for-profit is the fact that you’re never really off. Evenings, weekends, nights, and holidays – you’re always either at work, thinking about, or creating plans to improve it.
IRS Set to Issue New Guidance on Treatment of Cryptocurrencies
Zinner & Co. Tax Team cryptocurrency , block chain , BitcoinIRS Commissioner Charles Rettig has announced the IRS will be issuing additional guidance on the taxation of cryptocurrencies, also referred to as virtual currencies.
Each year, Zinner & Co. hires interns to work during tax season alongside seasoned professionals to deliver accurate tax returns and provide insightful advice. Zinner & Co. invests a significant amount of time and resources recruiting, training, and mentoring the college interns…and it’s completely worth it! Here are a few really important reasons why we do it:
IRS Issues Inflation-Adjusted Limits for HSA Deductions for 2020
Zinner & Co. HSA , IRS , health careHealth Savings Accounts (HSAs) are a type of medical savings account that allows eligible individuals to make deductible contributions and withdraw tax-free disbursements for the payment of eligible medical expenses. Each year the IRS evaluates the limitation amounts on HSA deductions based for inflation.
10 Email Marketing Tips for your Non-Profit or Small Business
Zinner & Co. non-profits , not-for-profit , fundraising , SMBApproximately 125 billion business-to-business emails are sent every day. Roughly 111 billion personal emails are sent each day. If you want your marketing emails to rise to the top in a sea full of 236 billion daily emails, you need to stand out.
The Pros and Cons of Selling to Employee(s)
Zinner & Co. transaction advisory , Business - Management, Issues & Concerns , SMBIf you’re planning on selling your business, one potential market is your current employees. They understand the business and how it runs. They have some sense of the value, or potential value of the business. But before you offer to sell to your employees, you should know the pros and cons of taking that route.
10 Tips to Improve Your Small Business or Not-for-Profit Website
Zinner & Co. non-profits , not-for-profit , fundraising , SMBYour organization’s website can be one of your greatest assets or a HUGE liability. It’s largely a factor of how much effort you put into building and maintaining it.
Your website should be like a round-the-clock salesperson or fundraiser, but only if you follow best practices and put time and attention into developing and maintaining it.
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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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