May 2023

Happy Mother's Day Video from Tzinberg & Associates!

Staying Tuned

In April Charles was once again at Ozarks International Raceway. Some have described the 4-mile track as the most technically challenging in the U.S. The track has 19 thrilling corners and a 1200 feet elevation change in a single lap! Feeling a bit more comfortable on the familiar track Charles put the pedal to metal and made his fastest lap time yet in the Supra!

CONGRATULATIONS to Ben Jackels for getting all the answers correct and winning our April Crossword Puzzle Contest!

Thank you to everyone who participated!

The Gen Z Freelance Movement and the Tax and Bookkeeping Challenges That Come With It

If it seems like more and more employees are turning to freelance work these days, you're not imagining things. According to one recent study, there are currently 73.3 million freelancers in the United States alone. It is extraordinarily easy to "get things wrong" and if you do, you could wind up in a financial situation that is difficult to recover from. Read More

What is Proactive Accounting?

Proactive accounting involves working closely with business owners and managers to understand their goals and objectives, and then developing customized financial plans and strategies to help them achieve those goals.

Want to Improve Your Cash Flow?

Try these Tips!

To say that things are uncertain right now regarding the economy is an understatement. However, increasing your cash flow can help ease that burden.

Many were shocked by smaller tax return refunds in 2022. Several tax benefits from years prior expired causing higher tax bills for many.

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Gov. Pritzker Signs Historic Legislation Guaranteeing 40 Hours of Paid Leave

Governor JB Pritzker signed SB208 into law in March, making Illinois the third state in the nation, and the first in the Midwest, to mandate paid time off to be used for any reason. The historic legislation provides employees with up to 40 hours of paid leave during a 12-month period, meaning approximately 1.5 million workers will begin earning paid time off starting in 2024. Read More

How Does Code Section 1244 Affect Stock Sales

and How Can You Take Advantage of it?

Starting a small business can be a risky undertaking and Internal Revenue Code Section 1244 provides special tax treatment to the disposition of certain qualifying stock of small businesses. What is section 1244 stock and how can you benefit from it? Read More

I ran my own law firm for about a decade. For most of that time, Tzinberg & Associates did all of my accounting, including the preparation of paychecks and taxes. Every month I would provide updated spreadsheets with financial information. My primary contact at Tzinberg, Ms. Christi Geggus, would call to remind me if I was ever tardy getting the information to her. Not that I ever make any mistakes, but she would call about any problem she discovered, which we would always resolve quickly. At tax time, there were never any surprises as all of the financial records had been kept up-to-date. It was a real pleasure working with Christi, and I recommend Tzinberg & Associates without reservation. -Saul Zackson, Attorney

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