Blog & Newsroom

On Friday, March 22, 2019, the Treasury and IRS announced they have lowered the withholding underpayment penalty threshold to 80%. This means that taxpayers who were 80% or less under-withheld on their income tax withholding or quarterly tax payments may qualify for relief.

In honor of Purple Day, the partners and staff of Zinner & Co. donned their purple gear to help raise awareness of epilepsy.

Audits are important. Investors, lenders, government agencies, potential buyers and - in the case of not-for-profit organizations, your donors - rely on audit reports to assess your organization. Audits can be long, arduous, headache-inducing ordeals…but they don’t have to be. Proper preparation can go a long way towards simplifying the audit process.

On April 15th, tens of thousands of not-for-profit organizations will have tax bills come due. "How can that be?" you ask, "I thought most non-profits have tax exempt status." Well, effective with the 2018 tax season, you're wrong.

Should I Take the Educational Tax Breaks or My Child?

Every year, a group of adventurous souls decides: This is the year I’m going to prepare my own tax return! While we certainly applaud an individual’s right to establish self-reliance and try to save money on preparation fees, it’s rarely a good idea.

Who should take the educational tax breaks, me or my child?

That’s a great question! The answer is: It depends.

Depending on whether your organization is on a calendar or fiscal year, you may have just gone through a year-end close, or you’re looking forward to one (using the phrase “looking forward to” very loosely.) Do you find the year-end closing process to be an arduous ordeal or a series of sure, predictable events? What if I told you could make year-end closings faster and easier?

If you’ve been paying attention to the news over the last month several high profile companies were hacked and individuals’ personal information was compromised. The sites included health insurance providers, job searching sites, restaurant chains, a fitness and diet tracking website and even online photo storage sites. The numbers of people potentially involved in these breaches are staggering.