As a member of the Philadelphia Business Journal Leadership Trust, Mark Zinman, Managing Partner of Zinman & Company, often provides advice and insight. Mark and other business leaders were asked for tips on navigating conflict resolution in the workplace. Mark says, "Foster a culture in which employees know that small issues should be brought to management’s attention while they are still easy to resolve. If a problem persists for weeks, it will grow, feelings will become more intense and the situation will be more difficult and time-consuming to solve. Reinforce the idea to staff that e ..read more

As a member of the Philadelphia Business Journal Leadership Trust, Mark Zinman, Managing Partner of Zinman & Company, often provides advice and insight. Mark and other business leaders were asked for their steps for building a crisis-resistant organization. Mark says, "A PESTLE analysis should be part of every company's strategic management framework so they can identify the external factors that could impact their business. For example, every one of the six PESTLE factors (political, economic, sociological, technological, legal, and environmental) is present in a pandemic. Awareness and ..read more

As a member of the Philadelphia Business Journal Leadership Trust, Mark Zinman, Managing Partner of Zinman & Company, often provides advice and insight. Mark and other business leaders were asked for their strategies when screening potential candidates for an executive role. Mark says, "It’s important to gain buy-in from the other executives who will be collaborating with the new team member. A lunch meeting, for example, gives every member of the leadership team the opportunity to interact with the candidate in a nonthreatening setting. Executive hiring requires significant due diligence ..read more

When you think of accountants, what comes to mind? The person who files your taxes? A number cruncher? This is a narrow view of the capabilities and services provided by an accountant. In recent years, the accounting industry has evolved with a greater focus on advisory services. Elliot Titcher, CPA, notes that “businesses are getting more complex to run, and owners are now realizing that they do not have the in-house expertise to meet all the challenges. They benefit from outside help.” So, with that in mind, are you taking advantage of the support you can receive from your accountant? As bu ..read more

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As a member of the Philadelphia Business Journal Leadership Trust, Mark Zinman, Managing Partner of Zinman & Company, often provides advice and insight. Mark and other business leaders were asked what practical ways they have to help their team cope with professional and personal stress. Mark says, "One practical way leadership can assist members of their team to cope with stressors is to offer flexible work schedules. Set expectations regarding hours worked and task completion, but allow some work to be performed outside of traditional work hours. Allowing team members to attend to perso ..read more

Cryptocurrency is owned by more than 50% of all Americans in one form or another. If you’ve purchased, sold, donated, or otherwise transacted in cryptocurrency, or have plans to do so in the future, it is vital to understand how you need to report these activities on your tax return. There are continuing myths out there that crypto transactions are free from taxes, but these myths can be misleading or even false. The main issue with crypto is that unlike traditional investments, where you receive a statement from your broker or investment house, there is no third-party reporting to the IRS, s ..read more

It would be difficult to find a business that has not been affected by COVID-19. The pandemic has forced many businesses to re-invent themselves. Some have faced the challenge of migrating their staff to remote work in order to keep operations running. Others have had to find new ways to reach their customers, such as retail stores moving to on-line sales. But, whatever challenges your business has faced over the last several months, there are some things that have not changed. Keeping track of some simple business metrics provides business owners with the information they need regarding thei ..read more

The tax season officially came to an end on April 18th. However, tax planning and the guidance of a trusted accountant is needed all year long. Luke Seier, CPA, notes that after taxes are filed, it is time to evaluate where the previous year’s tax strategies hit or missed and adjust that strategy as needed. Seier says, “We work with our clients throughout the year to identify and implement opportunities that will maximize growth and profitability. Waiting until tax season to find opportunities to maximize returns results in lost opportunity.” In addition to filing your taxes, accountants are ..read more

Whether you have had a good year thus far, are rebounding from recent setbacks or losses, or are working to get a new business off the ground, end of year tax planning is a crucial step in your business strategy. With the right moves made before the year ends, you can potentially save quite a bit on your taxes. At Zinman & Company, our team is dedicated to providing clients with expert advice and advocacy that helps businesses fulfill their tax obligations in a way that benefits them the most. Tax planning is not tax avoidance, but tax management. This process aims to manage the profit in ..read more