With so many Americans conducting business outside their office, the recent IRS announcement of the 2015-2016 business travel expense rates will certainly impact many. In 2011 alone, American businesspeople took a total of 445 million trips for work-related matters, (source: NYTimes.com 05/03/12) and that figure grows steadily each year.
Updated Business Travel Expense Rates Take Effect October 1
expenses , business travel expense , Taxes - Planning, Rules and Returns
Zinner & Co. Named OSCPA Platinum Partner
accounting , management advisory , Taxes - Planning, Rules and ReturnsZinner & Co. Named Exclusive Partner in Northeastern Ohio; Only One of Five Firms in the State
In our society, people tend to take the safety of their bank accounts pretty much for granted. If you think back to the most recent banking crisis in 2008 and 2009, however, there was a significant amount of bank consolidation that could have potentially resulted in depositors losing money. This leads to the question, exactly what is covered under the Federal Deposit Insurance program and do your bank accounts qualify for FDIC coverage?
By Zinner & Co.
Tax Services Department
Move South to Retire? Your Old Residence Could Still Tax You!
gift tax , Taxes - Planning, Rules and Returns , Business - Management, Issues & Concerns , Estates, Gifts & TrustsBy the Tax Services Department
You’ve finally made the decision to become one of “those people.” You know, the person who, as was drawing closer to retirement (and coincidently, during one of the never-ending sub-zero days of winter), decided that living somewhere south of the Mason-Dixon line just made sense. You meticulously planned to move south to retire. But, before you settle back in the lounge chair twirling the paper umbrella as it shades your Pina Colada, you may want to ensure you have all of your assets in order.
Not the “Gift” Development Officers Seek: The change that will affect all non-profit reporting
FASB , Audit and Assurance Department , non-profit reportingBy Carl Blankschaen, CPA
Audit and Assurance Senior
If you are one of the countless professionals serving a non-profit institution, you have no doubt heard the buzz surrounding financial reporting and how all non-profit organizations will now have to make an adjustment in the way in which they report.
The Financial Accounting Standards Board (FASB) recently issued their exposure draft on Presentation of Financial Statements for Not-for-Profit Entities. This exposure draft will make drastic changes to the financial statements of all Non-Profit organizations, and will consequently require changes in the recording of accounting information throughout the year in order to prepare the financial statements at the end of the year. What does all this industry talk mean for your non-profit?
Have Nagging Financial Questions?
