In this month's newsletter supply chain shortages, holiday budgeting, Thanksgiving excitement, our firm takes a trip to Vegas and Christi hunts witches!
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~Inside Tzinberg & Associates~
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During November the entire staff of Tzinberg & Associates, P.C. met in Las Vegas for an all-expense-paid, five-star trip to have fun, discuss ways to better serve clients, and build staff morale.
We stayed at the Bellagio, saw the Grand Canyon from a helicopter, saw the Cirque du Soleil “Love” show, and ate way too much!
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JSC Annual Witches Night Out
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October was a busy month for Christi! She, along with five others, chaired a fundraiser called “Witches Night Out” (WNO), raising money for The Junior Service Club of Edwardsville/Glen Carbon (JSC). JSC is a philanthropic, non-profit, 501C3 organization comprised of women who are dedicated to making a difference in their community by enriching the lives of others. They strive to foster volunteerism by developing members' interests and talents through a variety of service projects and fundraising by building relationships. The WNO fundraiser was extremely successful raising over $50,000!
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A Haunting Trip Back in Time
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After the event, Christi and some of the other chairs went to Salem, Massachusetts to learn about the history of the town known for the Salem Witch Trials. They were able to see original artifacts from the 1600 and 1700’s, and toured many historical sites and burial grounds. They also spent a day in Boston, which was also very educational and included touring the Boston Common, Freedom Trail and Paul Revere’s house, as well as going to the most photographed street in the United States - and they had to make a stop at Cheers! The final day they went to visit Harvard and were able to watch the Regatta, which is a rowing competition featuring athletes from all over the world. They had a fantastic trip that exceeded their expectations!
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Firm Favorites
Tzinberg & Associates Share Their Favorite Holiday Recipes
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IIJA Retroactively Terminates
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Employee Retention Credit
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The Infrastructure Investment and Jobs Act (IIJA) (signed by President Biden on November 15, 2021), retroactively ended the Employer Retention Tax Credit (ERTC) to apply only through September 30, 2021 (rather than through December 31, 2021), unless the employer is a recovery startup business. Read More
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White House Backs Off on Proposed Bank Transaction Threshold
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The Biden administration’s efforts to ferret out taxpayers who are not reporting all of their income – and thus are escaping taxation – originally included the idea to require all financial institutions – including banks, Wall Street brokerage firms, credit unions, and private lenders – to report consumers’ account transactions totaling $600 or more annually.
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Best Practices for Recording Expenses
On-the-Go
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The money you spend to run your business must be recorded conscientiously for your taxes and reports. You undoubtedly keep a very close watch on the money coming into your business. But are you as careful about your purchases? QuickBooks Online provides two ways to enter expenses. Here’s how these two methods work.
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Supply Chain Blues: Challenges, Shortages And Disruptions Ahead.
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We are experiencing in real-time the major downside to a global economy. Just as COVID-19 has been a universally shared experience, so, too, is the supply chain crisis unfolding around us.
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Overspending to make the seasons merry can lead to major post-holiday regrets. As you start your holiday shopping, it’s essential to figure out how much money you can spend before figuring out what you want to spend your money on. That means creating a budget. If you set aside an hour to review your numbers and create a holiday budget, you’ll be able to sustain that holiday cheer long into the new year.
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Tax Tips for
Holiday Charity Donations
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During the holidays, many charities solicit gifts of money or property. This article includes tips for documenting your charitable gifts so that you can claim a deduction on your tax return.
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Please Follow Us on Social Media!
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We Greatly Appreciate Your Online Reviews of Our Service!
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I have always been a do-it-myself kind of guy and I have never felt the need to fix something if it isn't broken. That's why I have been with this company since I bought out my partner in 1983. The service is top notch, the communication is excellent, and someone is always available to answer questions or deal with important issues. They have been especially helpful in navigating the chaos and confusion of the PPP and EIDL loans. Without their assistance, my business would not be going into its 46th year. I highly recommend this company to anyone who wants the peace of mind of knowing that your business is in good hands.
-John Locus, John Locus Photography
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Receive $1,000 for referring a business owner who needs our monthly services!
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1 Country Club Executive Park
Glen Carbon, IL 62034
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