News

What the Tax Cuts Mean for Individuals and Businesses

On Friday, December 22, President Donald Trump signed into law a sweeping tax overhaul bill containing $1.5 trillion in tax cuts. This legislation is the first major tax overhaul since the Reagan Administration in 1986. As you would expect, this new legislation brings significant change to the tax bills…

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Holiday Hours

The offices of the Walz Group will close for the Christmas Holiday at           2:30 p.m. on Thursday, December 21 and remain closed until 8:00 a.m. on Tuesday, December 26. In observance of the New Year’s Holiday, the firm will close on Monday, January 1…

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IRS Announces Mileage Rates for 2018

The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel…

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Tax Reform Seminar Closes Series

The final seminar for 2017, Making Cents of Tax Reform, took place on December 5 at the Lancaster Country Club. Marla Miller and Brian Loveland both with BDO USA, LLP gave the large audience, an update on the House and Senate tax reform plans and suggestions on…

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Examining the Differences in Tax Reform Bills Before Going to Conference Committee

The Tax Foundation has published an updated blog post that reviews in detail the important differences between the House and Senate Tax Reform Bills. Because of their differences, the bills will move to conference committee for reconciliation. The article quotes an optimistic Senate Majority Leader Mitch McConnell, who…

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