Ultimate Account Blog

What You Need to Know About Cryptocurrency and Taxes

Cryptocurrency has become not only a popular topic of conversation but also the source of a number of tax-related inquiries. Near the end of the year, the rapid rise in the trading value of Bitcoin created increased interest in the cryptocurrency. Venezuela, recently, rolled out their own national…

Read more

Payroll Regulation Changes for 2018: 5 Things You Need to Know

The first few months of the new year are always a busy time for Payroll Professionals. Keeping up with payroll and tax regulation changes is a seemingly endless but critical process. The tax reform bill brought with it many changes that may impact your employees and payroll this year.…

Read more

Four Significant Areas of the New Revenue Recognition Standard

If you are in the accounting/finance world, you have likely heard something about changes coming to

Read more

The Implications of Tax Reform – An Overview

The Tax Cuts and Jobs Act signed into law in the waning days of 2017, marks the first significant tax reform legislation in over 30 years.  As a service to our clients and business associates, the Walz Group hosted a Tax Reform Seminar to address the many questions and…

Read more

Will New Tax Law Have a Negative Effect on Charities?

One of the most controversial changes of the new tax law is the limitation on state and local taxes to individual taxpayers. The limit of $10,000 will not only keep some from being able to get the full deduction for their real estate taxes, it also makes it…

Read more

Tax Reform: Business Expensing

Tax Reform-Expensing The new tax reform legislation has resulted in many changes to various commonly used business deductions. Some of these changes merely alter current deductions, and some eliminate previously existing deductions. The impact of these changes sometimes will vary greatly depending on the type of business and…

Read more

Tax Reform – Deduction for Qualified Business Income of Pass-Through Entities

The reduction of the corporate tax rate to 21% is one of the hallmarks of the new tax reform legislation passed in late 2017. This reduction was a great victory for Wall Street firms and other taxpayers operating as C corporations.  But, how does this affect privately held…

Read more

The Effects of Corporate Tax Reform Come Into Focus

As 2018 begins, US taxpayers will soon understand the full effects of the tax reform bill signed into law on December 22, 2017. This legislation is the largest overhaul of the US tax code since 1986.  The new law will bring sweeping changes to all taxpayers, regardless of…

Read more

Why Great Players Rarely Make Great Coaches or Leaders

The NFL playoffs are upon us, and at the end of each game, the winning and losing head coach and star players meet the press to talk about the game, what went right or wrong, and why the game result occurred. Listening to their responses gives an idea…

Read more

Is it Time to Rethink the S Corporation Due to Tax Reform?

Now that the much-awaited tax bill has been passed and signed into law, there are a number of questions that our clients are asking us. One of them deals with corporate tax rates. As far back as when President Trump was campaigning for office, he was indicating that there…

Read more