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Tax Breaks For Selling Your Vacation Home

As the price of vacation homes and the cost of property insurance have increased, is now the right time to sell your vacation home? If it is, this post offers three tax savings strategies available...

Should Not-for-Profits Outsource Their Accounting Functions?

Is your not-for-profit organization considering outsourcing all or certain accounting functions to a full-service accounting firm? Check out the advantages and benefits here:

The New SIMPLE Contribution Rules are Not So Simple

Employers: when it comes to a Savings Incentive Match Plan for Employees (SIMPLE), there is a complex set of new rules and tax laws to be aware of. Follow this article for the latest rules for...

Recent Posts

Tax Breaks For Selling Your Vacation Home

As the price of vacation homes and the cost of property insurance have increased, is now the right time to sell your vacation home? If it is, this post offers three tax savings strategies available...

Should Not-for-Profits Outsource Their Accounting Functions?

Is your not-for-profit organization considering outsourcing all or certain accounting functions to a full-service accounting firm? Check out the advantages and benefits here:

The New SIMPLE Contribution Rules are Not So Simple

Employers: when it comes to a Savings Incentive Match Plan for Employees (SIMPLE), there is a complex set of new rules and tax laws to be aware of. Follow this article for the latest rules for...

Five Tips to Help Navigate Tariffs

The landscape is uncertain as tariff policies are rapidly changing but if your business is tariff-affected consider these five strategies to help minimize the impact. Explore the available options...

Seven Best Practices for QuickBooks Users

A business’s best practices vary depending on the type of industry but the shared goal to achieve the best possible outcome remains the same. In this post, you will find seven helpful guidelines...

3.8% Medicare Tax on Investment Income

Check out this article to understand the types of income and gain included in net investment income, find out if this affects you, and how proactive planning strategies can help reduce the 3.8%...

Tax Planning Strategy to Consider: Qualified Charitable Distributions

Did you know that you can transfer funds directly from an IRA to a charitable organization through qualified charitable distributions (QCDs)? Follow this article to find out if the QCD strategy is...

Use QuickBooks to Reconcile Accounts

In this post, you will find five tips to help maintain accurate account balances and ensure the reconciliation process runs smoothly with QuickBooks reconciliation tools.

Financial Struggles Among Retirees

A recent survey from the Transamerica Center for Retirement Studies revealed key financial concerns for many retirees in a fragile and constantly evolving landscape. Follow here for more findings...

Dan Massey Conestoga Valley Distinguished Alumni

Big shout out and congratulations to Dan Massey, CPA, Walz Group Principal in Charge of Assurance on being inducted as the newest Conestoga Valley Distinguished Alumni!

Payroll Management for Business Owners

Avoid these common payroll mistakes that can be costly to your business such as relying on manual recordkeeping, issuing inaccurate W-2s, and misclassifying workers. Follow this post for more examples

Use QuickBooks Online to Monitor the Financial Health of Your Business

How often do you log in and check QuickBooks Online? Follow this post for tips on categorizing transactions, checking the status of sales, and processing bills. Even if you are not a daily user...

Protect Yourself and Your Business from an IRS Audit

Both businesses and individuals should keep an eye on these eight common red flags that could trigger an IRS audit such as questionable business deductions, cryptocurrency transactions, and more...

FinCEN-Related Fraud is on the Rise

Protect your business and assets from the latest FinCEN scams and how to spot them so you do not become the victim. This post covers several types of schemes such as MSB Fraud, Impersonation Scams...

12 Strategies to Strengthen Cash Flow

If your business or company is struggling to successfully manage cash flow, you will want to follow this article for twelve key steps to maintain a healthy cash flow even during challenging times.

Do You Owe Self-Employment Tax?

If you are a self-employed individual, you will most likely owe self-employment tax on your tax return. Be sure to read this post on self-employment tax and review the outcome of a recent court case

Stock Redemptions for C Corporations and S Corporations

Shareholders of closely held corporations looking to convert ownership interest into cash should look into the strategy of stock redemptions. Find out how a stock redemption strategy works

QuickBooks Online: Use the Automated Invoice Reminder Emails Feature

If your business is looking to improve cash flow and avoid having to contact customers to collect unpaid invoices, try using QuickBooks Online' s automated invoice reminder emails feature

Use Catch-Up Contributions to Secure Your Retirement Goals

If you are thinking about retirement and not sure if you put enough savings away for your retirement nest egg, do not stress there are strategies available to help achieve your dream

Small Businesses are Hiring Family Members for Tax Advantages

Small business owners that hire family members and relatives allow them the opportunity to make money and learn the family business but there are also many tax benefits available.

Manage Student Loan Debt Carefully

When it comes to higher education, student loan debt can be a real burden on young adults and their families. Here are eight tips to assist with managing student loan debt

Walz Group Ping Pong Tournament 2025

Dan Massey is the 2025 Walz Group Ping Pong Tournament Champion

Use QuickBooks For Project Management Features and Tracking

Does your business need a software program to track projects and provide reports on products and services? Follow here to find out how QuickBooks can be a valuable tool for your small business

Tax Rules for Claiming Bad Debt Loss Deductions

Follow this article to understand how individuals and businesses should report and claim a deduction for bad debt loss on their tax return. Be sure to stay in compliance with the IRS and tax laws

Scammers Targeting Seniors and Older Adults

It is important to protect seniors and older adults from falling victim to both in-person scammers and cybercrime. This article provides tips to be on the lookout for.

Use QuickBooks Online to Manage Products and Services

QuickBooks Online offers your business a way to manage products and services both accurately and successfully. Follow here for guidance and tips on overseeing inventory

How to Determine if a Partnership Exists?

It is not always straightforward to determine if your business or investment venture with multiple owners is considered an unintended partnership.

Ten Tax Myths Facing Business Owners

If you are a business owner or high-net-worth individual, don’t fall for these ten common tax myths that can lead to costly mistakes, missed deductions, and an increased risk of an IRS audit.

41st Annual Schreiber Center for Pediatric Development Gala

Matt and Tim supporting the 41st Annual Schreiber Center for Pediatric Development Gala!

How to Keep Intellectual Property from Leaving with Retiring Employees

Many baby boomers will be retiring in the next five years and will be walking out the door for the last time, when they do, they will be taking years of experience and information with them...

Understand the Different Types of Tax Credits

The idea of getting tax credits to lower the amount of tax you owe or to increase your refund sounds great but there are several distinct types of tax credits available

Take Your Manufacturing Business International

There are several global challenges manufacturers are facing when looking to take their business international with exporting, follow this post for financial benefits and support options

CNS COMPANIES 2025 Safety and Compliance Conference

CNS Companies held its safety and compliance conference on Friday, February 28th at the Eden Resort. The conference was for individuals in the trucking and transportation industry

Legal Risks Businesses and Business Owners Must Navigate

It is important for businesses and business owners to be aware of and comply with a variety of laws and regulations. This post outlines eight legal risks and federal laws businesses face.

Robin Davis Certified Mergers & Acquisitions Professional (CM&AP)

We are excited to announce that Walz Group Principal Robin Davis, CPA, MST, has achieved the designation as a Certified Mergers & Acquisitions Professional (CM&AP)

C Corporations and Accumulated Earnings Tax

Do you operate your business as a C corporation? In this article, you will find common questions regarding accumulated earnings tax (AET) and how to avoid double taxation.

Five Strategies to Consider For Your 2024 Personal Tax Return

The deadline for filing federal income tax is quickly approaching, be sure to check out this article for five ideas to consider to gain tax advantages.

Roth IRAs: What to Know about Withdrawals and Taxes

You may believe that withdrawals from Roth IRAs are tax free but that is not always the case. Some withdrawals are taxable, especially withdrawals before you are 59 ½

Real ID and Requirements for U.S. Travel

Traveling domestically? As summer vacations are just around the corner or if you travel for your business, avoid complications and slowdowns when traveling by having acceptable identification

How to Properly Report Digital Assets on Your Tax Return

In this article, you will find what the IRS defines as digital assets and common questions for reporting digital assets and transactions on your 2024 tax return for both individuals and businesses

Should You Consider Setting up a Limited Liability Company (LLC)?

A limited liability company (LLC) can work for family businesses and offers many benefits including flexibility, liability protection, and tax advantages. Find out if an LLC is the best choice for you

Tax Rules for Amateur and Professional Gamblers

Say you bet on the big game or got lucky at the casino, when it comes to gambling, the tax rules can be confusing for accurately reporting your winnings as taxable income

The Alternative Minimum Tax (AMT) Explained

There are many complicated tax rules and laws to follow when it comes to the alternative minimum tax. If you are a high-income taxpayer, check out this post to find out if you owe the AMT for 2024

Walz Group Jersey Day 2025

Our employees had the opportunity to wear their favorite teams shirt or jersey in honor of Super Bowl LIX.

Manufacturers Can Use Segmented Income Statements to Boost Profits

By using segmented income statements, manufacturers can gain deeper insight into performance by identifying lesser-performing segments and providing strategies for boosting their bottom line

Four Key Steps to the Financial Independence, Retire Early (FIRE) Movement

A popular trend among Millennials is to aggressively save and invest in hopes of retiring early, this strategy is called the Financial Independence, Retire Early (FIRE) movement.

Eight Personal Tax Deductions You Might Not Know About

In this post, you will find eight tax deductions that you may not be aware of. Examples include charitable travel, state sales tax, and medical expense deductions.

Alan Dimon Joins Walz Group as IT Support Specialist

Alan Dimon joins Walz Group as our new IT Support Specialist

Apply the Method of Lean Manufacturing to Your Business

In this article, you will find eight steps to incorporate lean manufacturing into your business to reduce waste and increase profitability.

Strategies to Address Future Health Care Costs

Are you retired or close to retirement and concerned about paying for rising out-of-pocket healthcare costs? In this post you will find six helpful steps to save on healthcare costs

Walz Group 2025 Tax Interns

Walz Group 2025 tax interns - Caitlyn Edwards, Elisabeth Gustafson, and Eric Reinhart! We are happy to have you!

Profit-Sharing Plans For Businesses

Is your business looking to stand out and attract top talent? As an employer, have you considered offering a profit-sharing plan (PSP)? In this article, you can find how PSPs work and common types

Lower Shipping Costs with Proper Freight Classification

Manufacturers can follow the National Motor Freight Classification (NMFC) system and criteria to lower shipping and freight costs.

Crypto, Real Estate, and Private Equity Investments Are Gaining in Popularity

Looking to invest and have a diverse portfolio? Real estate, cryptocurrencies/digital assets, and private equity continue to grow in popularity

Is Your Business or Corporation Closing?

Businesses and business owners have to deal with rising prices, worker shortages, and supply and demand inconsistencies. In many cases, these factors have led to the business closing

Form 990 Red Flags That Can Lead to an IRS Audit

Don’t let an inaccurate or incomplete Form 990 lead to an IRS audit of your not-for-profit organization. This article outlines seven pitfalls that can trigger an audit and common types of audits

Small Business Bankruptcies Are On The Rise

Why are bankruptcies on the rise, especially for small businesses? Follow this article to learn more about bankruptcy basics and market conditions contributing to the increase in bankruptcies

Insight Into Estate and Gift Tax For 2025 and Beyond

Estate planning is not just for the wealthy and this is an ideal time to review or update your plan. Follow this article for estate and gift tax changes for 2025

Is Gig Work Right For You?

If you are a freelancer, contract worker, or a part-timer, this post provides four tips for gig workers to land jobs in the gig economy and important tax rules to be aware of and follow.

Julie Joseph Joins Walz Group

We are happy to welcome Julie Joseph to the team as our new Part-Time Processing Administrative Assistant!

Important 2025 Federal Tax Figures and Information to Know

Stay up to date on important 2025 federal tax information such as standard deductions, qualified plan limits, business equipment, and much more.

Shawn Strauss Joins Walz Group

Walz Group is excited to welcome Shawn Strauss, CPA, CISA, CITP, as a Manager on the Assurance team!

Kara Johnston Promoted to Manager

Kara Johnston has earned the promotion to Manager within the Assurance Division

Happy Holidays From Walz Group

Happy Holidays from Walz Group! Our office will be closed Tuesday, December 24th and Wednesday, December 25th. Please have a safe and wonderful holiday season!

Walz Group In-House Holiday Celebration 2024

The annual Walz Group in-house holiday party with filled with holiday cookies, a wild and intense white elephant gift exchange, and a visit from Santa!

Factoring Accounts Receivables for Cash

Is your business short on cash or looking to improve its cash flow? Factoring is an overlooked strategy for business owners looking to convert invoices into immediate cash

Locating a Lost or Missing Life Insurance Policy

When a family member passes away, and you are facing hardship, there are free resources and databases available to search for lost or missing insurance policies

Joint Ventures in the Construction Industry

Check out this post to learn how joint ventures work, potential challenges, and to find the right accounting method to use for your financial statements and taxes.

Walz Group Clothing Drive 2024

Our employees donated a total of 310.4 pounds of clothing to help the Lancaster County Food Hub Clothing Bank and continue to help individuals and families in our Lancaster community thrive.

Congratulations Kreesyn on Passing the CPA Exam(s)

Congratulations Kreesyn on passing the CPA Exam(s)!

Last Minute 2024 Tax Breaks for Business Owners

It is not too late for businesses and business owners to cut taxes in 2024 and gain advantages. Be sure to take action before December 31st.

Backdoor Roth IRA Conversions

Looking for a retirement savings strategy? The tax rules and regulations for a backdoor Roth IRA conversion can be tricky but if it is the right situation for you, it can be a smart move for...

Year-End Planning: Five Tips to Help Cut Your 2024 Tax Bill

Do not let the holidays distract you from end-of-year tax planning and savings. This article provides five helpful tips to lower your 2024 tax bill

Thanksgiving 2024

Walz Group would like to wish all of our staff, clients, and community a safe and happy Thanksgiving Holiday!

Girls on the Run 5K Celebration

Walz Group Cheer Zone at Girls on the Run Lancaster 5K Celebration

How to Keep Records and Minutes at Your Business

It is important to make sure your business is running smoothly by properly keeping and maintaining records, books, and minutes to comply with state law.

Retirement Plan Increases for 2025

Can you believe the 2025 tax year is almost here? Follow this post to stay up to date on the upcoming increases and changes that will affect 401(k) and 403(b) plans, IRAs, and other retirement plans

Walz Group Thanksgiving Luncheon 2024

Walz Group Thanksgiving Celebration 2024

Limitations on Business Loss Deductions

Business owners that incur losses or have a down year should be aware that business loss deductions face several rules and limitations such as at-risk rules, passive activity rules, and other...

Walz Group Team Building Activity

Our Assurance and EasyKeep team got together and luckily had a beautiful day for a team-building activity that combined an outdoor escape room with a team-building concept

Tax Strategy Involving Section 179 Depreciation Deductions

Year-end is fast approaching and laws involving business taxes can be complex so be sure to understand and coordinate first-year Section 179 deductions with first-year bonus depreciation deductions

The Bay Bridge Run 2024

Tim and Debbie at The Bay Bridge Run is one of the largest, most exciting mid-distance events anywhere.

Downsides and Drawbacks to Gift Cards

With the holidays fast approaching, are you planning on giving gift cards to family, friends, and co-workers? Gift cards can be a convenient gift, but it is important to read the fine print

ABC Keystone’s 35th Annual Excellence in Construction Awards

ABC Keystone’s 35th Annual Excellence in Construction Awards

Should You Buy a Condo for Your Child’s College Housing?

If you have a child in college or are preparing to go to college, you may be wondering what housing option is best. For some, it may be worth buying a condo as an investment for tax advantages

Protect Your Business From These Common I-9 and E-Verify Mistakes

As a business owner, it is important to protect your business by avoiding these ten common I-9 and E-Verify mistakes to make sure you comply with federal and state laws.

Tax Benefits: Try Bunching Charitable Donations

When it comes to charitable gift giving, find out if “bunching” charitable donations can lead you to tax benefits.

Halloween at Walz Group 2024

Happy Halloween from Walz Group

Available Tax Credits and Deductions for Commercial Buildings

If you are a business owner and own your office, building, or facility, follow here for seven common tax deductions and credits that you can claim

Common Tax Terms For Business Owners to Know and Understand

Navigating complicated taxes and tax laws can be a challenge for both business owners and individual taxpayers. Check out this post highlighting 20 key tax terms to know and understand.

Fall Foliage at Walz Group 2024

It is defiantly the Fall season at Walz Group, look at the pretty colors

Stay Up to Date on the Kiddie Tax Rules for 2024

When it comes to the “kiddie tax" it is important to know the rules, how to calculate, and ways to minimize the kiddie tax. Follow here for key strategies and tips.

How to Create and Ensure a Successful Succession Plan

Business owners, now is the time to address your succession plan to preserve your business and legacy. Follow this article for key strategies and to ensure a successful succession.

Girls on the Run-Kickin’ Up Kindness 2024

It was an honor and a pleasure for Walz Group to support Girls on the Run Kickin' Up Kindness 2024

Check Fraud: Protect Yourself and Your Business

Check fraud is on the rise and is still a scheme used by criminals. Take the steps to lower the risk of check fraud at your business or organization if you still write and accept paper checks

A Case For and Against the Fair Tax Act

Follow this article for a history lesson on the Fair Tax Act, cases for and against the Fair Tax Act, and what the future could hold on this tax issue.

Honey Brook Food Pantry Golf Outing 2024

Walz Group is proud to support the Honey Brook Food Pantry and its mission to serve people with respect while empowering them toward food security and independence

10th Annual SCOTT & HOFFNAGLE Clay Shoot

Walz Group at the 10th Annual SCOTT & HOFFNAGLE Clay Shoot

Conservation Easements Offer Tax Advantages and Increased Scrutiny

Conservation easements can be a great way for taxpayers to achieve large tax deductions, but you must be in compliance and follow strict rules to achieve these tax advantages

Take the Necessary Steps to Protect Your Child from Identity Theft

It is important to know how cybercriminals target children’s data and personally identifiable information (PII). There are key steps to take to help protect your child’s identity from theft and scams

Healthcare: Ways to Get Patients to Pay Their Medical Bills

If you are a physician or healthcare professional getting patients to pay their bills can be a challenge. Follow this article for tips on receiving payment and how to avoid using a collection agency.

Certify Your Company’s Financial Statements

Should your company or business rely on internal reporting, or should you have an accountant prepare and certify your financial statements?

Estate Planning: Protect Your Wealth with Favorable Gift and Estate Tax Rules

Be proactive in your estate planning now with favorable gift and estate tax rules to help secure your wealth for the future.

Be Aware of Certain TCJA Provisions Set to Expire

Business owners be prepared for expiring provisions of the Tax Cuts and Jobs Act (TCJA). Follow this article for five important provisions that may soon end and how to tax plan

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