Each year, many people get a larger refund than they expect. Some find they owe a lot more tax than they thought they would. If this has happened to you, review your situation to prevent a tax surprise. Did you marry? Have a child? Change in income? Life events can have a major impact on your taxes. Bring the taxes you pay closer to the amount you owe. Here are some tips to help you come up with a plan:

Recently, pop star Iggy Azalea discovered (the hard way) that even though you might an iconic pop star, you still have to pay your fair share of taxes on earnings.

With school just a few weeks away, many parents are in the thick of back-to-school shopping. The thought of spending countless hours in the stores and comparing sale prices online to save on pencils, paper, book bags and school clothes can be daunting.

Fortunately, the State of Ohio has renewed legislation allowing for a second sales tax holiday, August 5 – 7, 2016.  This sales tax holiday only applies to certain types of goods purchased from 12:01 am August 5^th through 11:59 pm August 7^th. 

Many not-for-profit organizations struggle to find qualified financial leaders for their boards. Often individuals possessing higher-level financial experience are asked to take on multiple roles, begging the question, “can a board member be both the treasurer and the chair of the audit committee”? 

So you’ve finally had enough of the hype and are determined to score a pair of tickets to see “Hamilton” for Lin-Manuel Miranda’s final performance as the lead.  Tickets selling through ticket brokering sites are going for outrageous prices, and you’re a bit short on cash.  Should you embark on a personal revolution and loot your retirement accounts to go?

In a recent article, we addressed the exceptions to the early withdrawal penalty on IRA distributions taken prior to an individual reaching age 59 1/2.  In such a case, the IRA distribution would still be subject to federal income tax and, potentially, state income tax, and would result in permanently removing those assets from the IRA, having a negative impact on the availability of future retirement income. 

So, if you need a quick cash infusion and do not want to suffer the income tax ramification of an IRA distribution, what can you do?  One option would be to take a loan from your retirement account.  While an advisor may not typically recommend that an account owner borrow from their retirement account, a loan from one’s retirement can have both benefits and costs, as discussed below:

It's here. Your summer wedding, long in the planning and preparation phase, has finally arrived. You've spent many months knee-deep in details, from the "will you marry me" or "I will's" to selecting the first song you dance to as husband and wife. You've bickered and resolved the guest list, swallowing your pride to allow crazy Aunt Alice to the reception even though you would rather not, and begrudgingly penning "and guest" to your best friends invitation even though you think their choice is less-than-stellar.

In the end, there is one person who many couples usually forget to include when budgeting for a wedding and finalizing the guest list: Uncle Sam. 

Yes, there are tax issues that come along with getting married. Here are six basic tips courtesy of the IRS to help you on your road to wedded bliss:

 Zinner & Co. was recently named an honoree of the 2016 Business Longevity Award by Smart Business Magazine. The firm, established in Cleveland in 1938 by Harry Zinner, is led by Managing Partner Robin Baum and partners Susan Krantz, Howard Kass, Gabe Adler and Brett Neate. 

The award will be presented at an August 4th ceremony and will recognize Zinner & Co. in addition to only 44 other regional companies with at least 50 years in business. Honorees must have demonstrated their ability to adapt and evolve with changing times.

"We are thrilled to be named an award honoree and to share the distinction with such a prestigious group of companies," said Robin Baum, CPA, Managing Partner. Our approach to business growth and sustainability mirrors the same principles that we use when advising our clients; work strategically, with integrity, while never losing sight of the clients’ needs.”

The firm has evolved over the decades, becoming a true business partner that provides services beyond tax and accounting work. Specialty niche service areas not only span a variety of industries including real estate, manufacturing, professional services and not-for-profit, but also provide operational services including management consultancy, outsourced business services and planning and preparation for companies from start-up through succession.  

This visionary method to business is part of what keeps the Beachwood-based firm on its successful track; the other part is the culture of giving, a tenet shared among all employees. Employees are active members of the region, whether serving on boards, volunteering, donating their time or talent, or spearheading a cause. “We believe growing our community is just as important as growing our business,” added Baum.

A Smart Business Magazine judging panel reviewed submitted essay's describing how companies remained viable over the decades and selected the recipients. 

More and more third parties are looking at not-for-profit organizations’ IRS Form 990, so don’t just report; learn how you can use your 990 to tell your organization’s story.

Have you been notified by the IRS? You may want to think twice before responding to the call, email or letter.

The work of criminals knows no boundaries. Unfortunatley, this time of year brings another wave of antics to the forefront as the criminal will use various ploys to trick taxpayers into providing sensitive or personal identification information by posing as the IRS. 

Aggressive and threatening phone calls by criminals impersonating IRS agents remain a major threat to taxpayers, but now the IRS is receiving new reports of scammers calling under the guise of verifying tax return information over the phone.