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QuickBooks: 4 Custom Settings Every Business Should Explore

Whether you're new to QuickBooks Online or an experienced user, diving into the Sales, Expenses, Time Tracking, and Advanced settings can unlock powerful customization options. Follow this post to...

ESOPs: A Tax-Efficient Path for Business Owners in 2025

For family business owners looking to transition ownership while minimizing tax impact, selling corporate stock to an Employee Stock Ownership Plan (ESOP) offers a powerful solution. Under current...

Large Cash Payments Could Trigger IRS Filings—Are You Prepared?

If your business accepts cash payments over $10,000, you may be required to file Form 8300—and the rules just got stricter. From car dealers to construction contractors and gig workers, many busine...

Recent Posts

QuickBooks: 4 Custom Settings Every Business Should Explore

Whether you're new to QuickBooks Online or an experienced user, diving into the Sales, Expenses, Time Tracking, and Advanced settings can unlock powerful customization options. Follow this post to...

ESOPs: A Tax-Efficient Path for Business Owners in 2025

For family business owners looking to transition ownership while minimizing tax impact, selling corporate stock to an Employee Stock Ownership Plan (ESOP) offers a powerful solution. Under current...

Large Cash Payments Could Trigger IRS Filings—Are You Prepared?

If your business accepts cash payments over $10,000, you may be required to file Form 8300—and the rules just got stricter. From car dealers to construction contractors and gig workers, many busine...

Labor Day 2025

In observance of the Labor Day holiday, our office will be closed on Friday, August 29th and Monday, September 1st. We look forward to reconnecting with you after the break.

Hiring Smart: Unlock Tax Savings with the Work Opportunity Tax Credit

Looking to grow your team and trim your tax bill? The Work Opportunity Tax Credit (WOTC) offers a powerful incentive for hiring individuals from specific target groups—including veterans, SNAP rec...

Walz Group is Proud to Support Ben & Tim Day 2025

Walz Group is a proud sponsor of Ben & Tim Day 2025! Both Robin and Dan survived the heat and enjoyed participating in this event and 5K.

Why Construction Firms Must Invest in Bookkeepers

Many bookkeepers in the construction industry lack the specialized knowledge needed to produce accurate financial statements, especially when year-end rolls around. Construction bookkeeping requir...

Protecting Your Business: The Do’s and Don’ts of Using Independent Contractors

The IRS and state agencies are watching closely. If your business uses independent contractors, understanding the rules is crucial. Follow this post as it outlines the key factors that determine...

QBI Deduction: A Lifeline for Small Business Owners

The Qualified Business Income (QBI) deduction—originally set to expire in 2025—has now been made permanent, offering long-term tax savings for eligible small business owners. Here's what you need...

The End of Paper Checks: What the IRS’s Digital Shift Means for You

Beginning September 30, 2025, the IRS, Social Security Administration, and other federal agencies will eliminate paper checks, moving to a fully electronic payment system. Check out this post to...

Seeing the Big Picture: How to Use QuickBooks for Strategic Financial Insights

QuickBooks isn’t just a tool for tracking transactions—it’s a powerful window into your business’s overall financial health. Try learning from the Insights Page, use Snapshots in your accounting...

Walz Group Annual Summer Event 2025

Our firm celebrated at the Lancaster Stormers for our annual summer event. It is always a great time when we all get together and celebrate as a team outside of the office. It was a grand slam of...

Women Are the Future of the Manufacturing Industry

The manufacturing sector is lacking in women in high-level positions. Here are five best practices to attract and retain women for skilled and high-level positions to continue to move the industry...

Zackery Donlen Joins Walz Group

We are excited to announce the addition of Zackery Donlen as a Staff Accountant joining the Assurance Team.

PICPA 38th Annual Volleyball Tournament

Walz Group had two teams compete in the 2025 38th Annual PICPA Volleyball Tournament!

Tips to Keep Your Employee Benefit Plans Healthy

Is it time to review your company’s benefits? Follow this post to stay in compliance and explore nine key ways you can keep your benefit plans healthy and help your company save money. Find out...

Update On Social Security Benefits and Tax Law Changes

Recently, the Social Security Board of Trustees released its 2025 Annual Report. Follow this article to find out what the report revealed and more about social security benefits, including whether...

QuickBooks Online: How to Create Accurate Customer Profiles

It is important to take the time to enter your customers' profiles in QuickBooks either by manually entering each record or importing the customer files. Once you have completed customer records...

Tax Obligation: How to Properly Report the Cost of Goods Sold (COGS)

If your business manufactures or sells goods, it is important to know what COGS is, how to calculate it and ensure accurate reporting, and what accounting method to choose. Follow this post to find...

QuickBooks: Tips and Tools

QuickBooks offers many easy-to-use tools to help your business, company, or organization track cash flow and provide detailed reports on who you owe money and who owes you money.

S Corporation Owners: How to Determine Reasonable Compensation?

Taxes play a major role in structuring your business, which is why many business owners choose the S corporation designation for tax advantages. See this article for answers to common questions...

Save Time By Using QuickBooks Online Recurring Transactions Feature

As a business owner, time is money, so do not waste your time repeating the same process of re-entering data and entries. Instead, use the QuickBooks Online' s recurring transactions feature...

Walz Group Independence Day 2025

Happy July 4th. Our office will be closed on Thursday, July 3rd and Friday, July 4th.

Choosing the Right Business Entity for Gig Workers

For gig workers starting up, you must follow certain tax rules and regulations. This article takes a deep look into tax angles for the two main options (self-employed and S corporation owners...

Nine Tax Credits to Help Minimize Your Taxes

Tax credits are the most valuable tax breaks available to individual taxpayers, such as the child tax credit, higher education tax credit, and residential clean energy credit, just to name a few...

How to Determine If Long-Term Care (LTC) Insurance is Right for You?

The cost of senior care is expensive, and LTC insurance can help cover those costs. In this post, you can find out the cost of long-term senior care, eligibility requirements, tax advantages, and...

Use Audits to Assess Your Organization’s Financial Health

As not-for-profit organizations face both public and government scrutiny, this article provides insight into internal and external audits, how to prepare for an audit, and the importance of your...

C Corporations: Shareholders Compensation vs. Dividends

How to determine reasonable compensation for C Corporations? Follow this post for the basics of owner’s compensation, double taxation of disguised dividends, and a checklist of factors the IRS uses...

How to Find Tax-Savings When it Comes to Sec. 1031 Exchanges?

Sec. 1031 exchanges can be complex and have strict rules to follow. Find out how it works, specific qualifications, and how to maximize valuable tax breaks and savings. Get all the details in this...

Tax Burdens: How Does Your State Measure Up?

Are you retiring, a remote worker, or just thinking about relocating? Do not forget about taxes when making these decisions, as where you live can have a major impact on your tax bill. In this post...

Elisabeth Gustafson Joins Walz Group

Walz Group is pleased to welcome Elisabeth Gustafson as a staff accountant on the Assurance team. Elisabeth is a graduate of Albright College with a degree in accounting. Fun fact, Elisabeth comple...

Tax & Compliance Implications for Business Entities

Are you struggling to choose the right entity for your business? This post takes a deep dive into five common business structures and how each entity differs as it relates to taxes, paperwork, and...
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