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Receiving an inheritance can raise a lot of tax questions. Is it taxable? The answer depends on what you inherited and how. Here’s a clear breakdown of when inherited assets are taxed or not.
December 18, 2025
By working with the Walz Group, Company EV was able to successfully claim the R&D Tax Credit, and the associated capital benefits.
November 24, 2025
Big tax savings, flexible contributions, and long-term growth—but which plan delivers more? If you're self-employed or run a small team, this comparison helps you pick the smarter path to retiremen...
October 14, 2025
Being called to give a deposition can feel intimidating, but preparation is key. Depositions are a critical part of the discovery process, and what you say under oath can directly impact the out...
October 3, 2025
Business expenses like travel, meals, and supplies are common—but how you reimburse them can have major tax consequences. With recent tax law changes eliminating deductions for unreimbursed employe...
October 1, 2025
When it’s time to sell a family business, the stakes are high—not just emotionally, but financially. Proper planning and smart tax strategies can make a significant difference in how much of the...
September 30, 2025
Walz Group is pleased to announce the addition of Priscilla Bonet as a Bookkeeper on our EasyKeep team. Priscilla is a graduate of Bryant College in Smithfield, Rhode Island, where she earned her...
September 29, 2025
Older taxpayers may qualify for powerful tax-saving opportunities, including higher contribution limits, charitable giving strategies, and medical expense deductions. Learn how to take advantage of...
September 24, 2025
In today’s competitive labor market, finding the right employees can be tough. The WOTC provides a powerful incentive for hiring individuals from eligible groups, helping businesses strengthen thei...
September 23, 2025
While many organizations invest heavily in protecting employee and customer data, qualified plans are often left out of cybersecurity discussions—but they shouldn’t be. From data breaches to asset...
September 19, 2025
Need capital to grow your business? With banks becoming more selective, business owners must be strategic when applying for loans. Before approaching a bank, it’s critical to understand how lenders...
September 17, 2025
C corporations offer many benefits—but withdrawing cash can be costly if done wrong. Fortunately, there are tax-smart ways to avoid double taxation. From shareholder loans to leasing arrangements...
September 16, 2025
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...
September 12, 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...
September 10, 2025
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...
September 9, 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.
August 28, 2025
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 a proud sponsor of Ben & Tim Day 2025! Both Robin and Dan survived the heat and enjoyed participating in this event and 5K.
August 27, 2025
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...
August 26, 2025
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...
August 22, 2025
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...
August 20, 2025
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...
August 19, 2025
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...
August 15, 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...
August 12, 2025
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...
August 6, 2025
We are excited to announce the addition of Zackery Donlen as a Staff Accountant joining the Assurance Team.
August 4, 2025
Walz Group had two teams compete in the 2025 38th Annual PICPA Volleyball Tournament!
August 1, 2025
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...
July 30, 2025
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...
July 29, 2025
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...
July 25, 2025
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...
July 22, 2025
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.
July 18, 2025
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...
July 8, 2025
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...
July 7, 2025
Happy July 4th. Our office will be closed on Thursday, July 3rd and Friday, July 4th.
July 2, 2025
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...
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...
July 1, 2025
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...
June 27, 2025
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...
June 25, 2025
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...
June 24, 2025
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...
June 20, 2025
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...
June 18, 2025
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...
June 16, 2025
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...
June 12, 2025
Please welcome our second 2025 summer assurance intern Kibson Elmore. Kibson just finished his junior year at Brigham Young University (BYU) in Provo, Utah and is majoring in Accounting.
June 9, 2025
Disaster (accident, burglary, fire, storm, lawsuit, etc.) can strike at any moment, having the right property and casualty insurance is key to protecting your property and wealth. Be sure to follow...
June 6, 2025
Now is the time to make energy-efficient home improvements or buy an electric vehicle (EV) to claim incentives before they disappear. In this post, you will find what will change under the proposed...
June 4, 2025
QuickBooks bill pay tools can help enter bills, set reminders, and quickly organize your accounts payable. Find out how this tool works and with a couple of clicks, you can have your business...
June 2, 2025
If you fall victim to certain fraud schemes, you may be eligible for tax relief on certain losses. Check out this post for examples of common scams and the requirements to qualify for tax relief.
May 30, 2025
The tax law can be complex when it comes to income distributions from trusts and estates. Follow this article to find out principal vs. income distributions, distributed net income, capital gains...
May 28, 2025
Our office will be closed on Friday, May 23rd and Monday, May 26th in honor of Memorial Day.
May 22, 2025
Certain life events such as marriage, divorce, children, and other significant changes can affect your financial situation. It is never too early to begin tax planning...
May 21, 2025
Are you a business owner ready to take a step back, retire, or even pass the business down to a family member to create a legacy? Be aware of the federal tax implications when transferring ownership.
May 20, 2025
Welcome Allyson Stauffer to the Walz Group team for a 2025 Summer Assurance Internship!
May 19, 2025
If you are a recent college graduate, the subject of taxes can be new and challenging. Follow this post for answers to common tax questions such as if your parents can still claim you...
May 13, 2025
Your business must have a clear return policy for when customers want their money back. Luckily, QuickBooks has the tools you need to give customers their money back including...
May 9, 2025
Do you need to make quarterly estimated tax payments? In this article you can find out who needs to pay quarterly estimated tax payments, what happens if you don’t pay enough, and tips for...
May 7, 2025
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...
May 6, 2025
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:
May 2, 2025
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...
April 30, 2025
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...
April 29, 2025
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...
April 28, 2025
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%...
April 24, 2025
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...
April 22, 2025
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.
April 21, 2025
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...
April 17, 2025
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!
April 16, 2025
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
April 15, 2025
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...
April 11, 2025
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...
April 9, 2025
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...
April 8, 2025
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.
April 4, 2025
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
April 2, 2025
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
April 1, 2025
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
March 28, 2025
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
March 26, 2025
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.
March 25, 2025
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
March 21, 2025
Dan Massey is the 2025 Walz Group Ping Pong Tournament Champion
March 19, 2025
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
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
March 18, 2025
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.
March 14, 2025
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
March 13, 2025
It is not always straightforward to determine if your business or investment venture with multiple owners is considered an unintended partnership.
March 12, 2025
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.
March 11, 2025
Matt and Tim supporting the 41st Annual Schreiber Center for Pediatric Development Gala!
March 10, 2025
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...
March 7, 2025
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
March 5, 2025
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
March 4, 2025
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
March 3, 2025
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.
February 28, 2025
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)
February 26, 2025
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.
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.
February 25, 2025
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
February 21, 2025
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
February 19, 2025
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
February 18, 2025
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
February 14, 2025
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
February 12, 2025
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
February 11, 2025
Our employees had the opportunity to wear their favorite teams shirt or jersey in honor of Super Bowl LIX.
February 7, 2025
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
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.
February 5, 2025
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.
February 4, 2025
Alan Dimon joins Walz Group as our new IT Support Specialist
February 3, 2025
In this article, you will find eight steps to incorporate lean manufacturing into your business to reduce waste and increase profitability.
January 31, 2025
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
January 30, 2025
Walz Group 2025 tax interns - Caitlyn Edwards, Elisabeth Gustafson, and Eric Reinhart! We are happy to have you!
January 29, 2025
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
January 28, 2025
Manufacturers can follow the National Motor Freight Classification (NMFC) system and criteria to lower shipping and freight costs.
January 24, 2025
Looking to invest and have a diverse portfolio? Real estate, cryptocurrencies/digital assets, and private equity continue to grow in popularity
January 22, 2025
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
January 21, 2025
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
January 17, 2025
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
January 15, 2025
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
January 14, 2025
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.
January 10, 2025
We are happy to welcome Julie Joseph to the team as our new Part-Time Processing Administrative Assistant!
January 9, 2025
Stay up to date on important 2025 federal tax information such as standard deductions, qualified plan limits, business equipment, and much more.
January 8, 2025
Walz Group is excited to welcome Shawn Strauss, CPA, CISA, CITP, as a Manager on the Assurance team!
January 7, 2025
Kara Johnston has earned the promotion to Manager within the Assurance Division
January 2, 2025
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!
December 23, 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!
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
December 19, 2024
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
December 18, 2024
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.
December 17, 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.
December 13, 2024
Congratulations Kreesyn on passing the CPA Exam(s)!
December 11, 2024
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.
December 10, 2024
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...
December 5, 2024
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
December 3, 2024
Walz Group would like to wish all of our staff, clients, and community a safe and happy Thanksgiving Holiday!
November 27, 2024
Walz Group Cheer Zone at Girls on the Run Lancaster 5K Celebration
November 25, 2024
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.
November 22, 2024
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
November 21, 2024
Walz Group Thanksgiving Celebration 2024
November 20, 2024
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...
November 19, 2024
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
November 13, 2024
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
Tim and Debbie at The Bay Bridge Run is one of the largest, most exciting mid-distance events anywhere.
November 12, 2024
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
November 11, 2024
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
November 7, 2024
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.
November 6, 2024
When it comes to charitable gift giving, find out if “bunching” charitable donations can lead you to tax benefits.
November 5, 2024
Happy Halloween from Walz Group
October 31, 2024
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
October 30, 2024
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.
October 29, 2024
It is defiantly the Fall season at Walz Group, look at the pretty colors
October 28, 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.
October 25, 2024
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.
October 22, 2024
It was an honor and a pleasure for Walz Group to support Girls on the Run Kickin' Up Kindness 2024
October 18, 2024
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
October 16, 2024
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.
October 11, 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
October 8, 2024
Walz Group at the 10th Annual SCOTT & HOFFNAGLE Clay Shoot
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
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
October 1, 2024
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.
September 27, 2024
Should your company or business rely on internal reporting, or should you have an accountant prepare and certify your financial statements?
September 24, 2024
Be proactive in your estate planning now with favorable gift and estate tax rules to help secure your wealth for the future.
September 20, 2024
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
September 18, 2024
Follow these six steps to help prevent invoice fraud from occurring at your business and avoid financial loss
September 13, 2024
Find out where the presidential candidate's stand on taxes and tax strategy including corporate tax, tariffs, social security and much more. Stay up to date on each candidate's tax proposals
September 11, 2024
Meredith Reinhart a Director in the tax division at Walz Group shares a current overview including laws and changes affecting income tax at both the federal and state level for 2024
September 10, 2024
Here is everything you need to know about employer-sponsored health savings accounts (HSAs) and if it is the right decision for your business. Follow this article to learn about the tax savings
September 6, 2024
It is with deep sympathy that we acknowledge the passing of Robert C. “Bob” Keeney
September 5, 2024
Are you concerned about uncertain times and your financial situation? Follow these eight wealth-management steps and with some insight you can secure your finances for the future
September 4, 2024
Follow this article to find out if stress from your business is directly increasing your risk of a heart attack and heart disease. Find out symptoms, risk factors, and six tips to alleviate stress
August 29, 2024
Looking for a tax-savvy real estate investment? Try looking into single-member limited liability companies (SMLLCs) as this option can provide tax advantages to all types of investors.
August 28, 2024
Tips to encourage your employees back to the office. This article provides six key ideas for a successful return to the workplace at your business.
August 27, 2024
Paid sick leave benefits both employers and employees. Find out how paid sick leave affects workers in the construction, healthcare, and food service industries and how it pays off for employers
August 23, 2024
The rules and regulations on transfer pricing can be complex. Make sure you stay up to date on the latest IRS guidance on the arm's length standard when evaluating interest rates on intracompany loans
August 21, 2024
Follow this article for tax-saving solutions on surging real estate and why seniors with highly appreciated homes should avoid selling
August 20, 2024
Cross-training your employees can increase productivity, and teamwork, and keep your business running smoothly when the unexpected occurs. Follow this article for seven helpful tips
August 16, 2024
Follow this article for guidance on spotting and retaining top performers at your business or company
August 15, 2024
Business owners need to know the rules on charitable donations, so they receive the most tax savings and comply with the IRS substantiation requirements
August 14, 2024
In this episode of Accountability in Acton, Kurt Gehman, Vice President/Principal at McConkey Insurance & Benefits joins us to explore the current state of Property & Casualty Insurance
August 13, 2024
Act now to prevent accidents, liability, and financial risk at your business by creating a workplace safety program. Check out this article for tips and key obligations as a business owner
August 9, 2024
The deadline for filing your extended 2023 federal income tax return is October 15, 2024, and it is approaching fast. Follow this article for the top ten tax breaks and how to increase your refund.
August 7, 2024
Our Assurance and EasyKeep teams at the Lancaster County Food Hub for a Volunteer Takeover, Part II
Alayna Brown joins Walz Group as a Staff Accountant on the Tax Team
August 5, 2024
Walz Group had a blast at the 2024 PICPA Volleyball Tournament
August 2, 2024
Congratulations to Josh Hoover and Ryan Fisher on your much-deserved promotions
July 31, 2024
If you are a homeowner, it is important to know and understand the capital gain tax exclusion on real estate and home sales
July 30, 2024
How not-for-profit organizations can give the best first impression to donors with financial statements and form 990
July 26, 2024
Travel can be stressful, dangerous, and expensive. If traveling is your passion or if you recently booked the trip of a lifetime, should you purchase travel insurance and is it worth it?
July 25, 2024
Payroll fraud is common and can be a hazard to any business in any industry. This article provides various types of payroll fraud schemes and prevention tips to help protect your business
July 24, 2024
Are you looking to purchase a new home or your dream home in today's highly competitive real estate market? Follow this article to find the right strategy and situation for you
July 23, 2024
When it comes to managing remote employees, business owners should be aware of these five issues and consider the pros and cons of working from home
July 17, 2024
If you are a woman looking for money management tips in today’s challenging and ever-changing workforce, follow these eight steps to effectively take control of your finances
July 16, 2024
This is the time of year to evaluate how your business is operating and examine what options you can take now to lower your 2024 taxes.
July 12, 2024
Walz Group Volunteer Takeover at the Lancaster County Food Hub, Part 1
July 11, 2024
Have a child or grandchild getting ready for college? Find out the advantages of a 529 plan and the rules and regulations for using the account and withdrawing funds
Self-employed and small business owners looking to make tax-saving contributions to their retirement plan should check out a solo 401(k) plan and a defined benefit pension plan
July 10, 2024
Happy Independence Day from Walz Group
July 4, 2024
There are important tax planning options to consider if you are getting divorced and selling a home. Find out if you can take advantage of the valuable home sale gain exclusion
June 28, 2024
If you started a business or are looking to start a business, take notice of the start-up costs, expenses, and tax rules. In this article, you will find key details on deduction rules
June 26, 2024
If you have a family member with a disability, have you considered an Achieving a Better Life Experience (ABLE) account? ABLE accounts have complex tax rules and regulations to follow
June 25, 2024
If you or your company use a corporate aircraft for personal use, make sure you comply with the IRS and avoid any turbulence with the tax law
June 19, 2024
Businesses need to understand the tax rules and laws when it comes to gains and losses when selling major assets. Follow this article to find out more:
June 18, 2024
Under the tax law, medical expenses can be deducted from your tax return if they exceed 7.5 % of your adjusted gross income (AGI). Follow this article to find out the requirements
June 14, 2024
Retirement Planning: If you maxed out your 401(k), there are several retirement saving options available to invest in to boost your retirement savings
June 13, 2024
This article goes over six common scams that target the elderly and offers helpful tips to protect and prevent falling victim to these fraud schemes
June 12, 2024
Find out if you or your loved one qualifies for the 0% federal income tax rate on long-term capital gains (LTCGs) and dividends.
June 11, 2024
Walz Group had an amazing evening at the 152nd Lancaster Chamber Annual Dinner
June 7, 2024
In the sale of a business, is the professional goodwill owned by the corporation or the shareholder-employee?
June 6, 2024
Protect your business from fraud. This article goes over the findings of a study by the Association of Certified Fraud Examiners (ACFE) detailing types of schemes, detection methods, and prevention
June 5, 2024
Walz Group is pleased to announce Amaya Kilburn has joined our tax team as a staff accountant
June 4, 2024
This article is for manufacturers, highlighting five key performance indicators (KPIs) to track and evaluate your company’s performance and operation goals
May 31, 2024
If you are worried that you will not have enough money saved up to live comfortably in retirement, now is the time to look into catch-up contributions and find the best situation for you
May 30, 2024
Are you a small business struggling to pay its bills and considering filing for bankruptcy? Read this article first:
May 29, 2024
A new final rule by The Federal Trade Commission (FTC) bans most noncompete agreements. Follow this article to learn options for employers, the potential upside for workers, and exceptions to the rule
May 23, 2024
Any business owner looking to grow their workforce should look at the Work Opportunity Tax Credit (WOTC). Find out how it works. Who qualifies? Plus, how it can help you save on your tax bill.
May 22, 2024
Employers and employees be aware, that the Department of Labor (DOL) has issued a new rule expanding overtime pay. Find out what it means for you
May 21, 2024
Welcome Elisabeth and Andrew as our summer 2024 Assurance interns
May 20, 2024
Catch-up contributions are a golden opportunity to save additional money for your retirement. What are they and how do they work? Find out here:
May 17, 2024
Find out more about a home energy audit, home energy audit reporting requirements, and how it can lead to extra tax savings
May 15, 2024
In this article, find out the pros and cons regarding pass-through entity taxes (PTETs), how they vary from state to state, and what is the right situation for you
May 14, 2024
Estate Planning: This article explains how to set up a special needs trust and outlines the requirements to follow so you comply with all the rules and regulations.
May 3, 2024
Thinking about retirement? It is never too early to start planning for your retirement.
May 2, 2024
Have you considered helping a family member with a residential home purchase due to rising interest rates and home prices? Read this article before offering a “low-interest-rate family loan”
May 1, 2024
Lindsey and Kara had the opportunity to engage with students of the Accounting Society of West Chester University
April 30, 2024
Are you struggling with credit card debt? This article provides helpful strategies for individuals and businesses without selling assets or declaring bankruptcy
April 25, 2024
New this year, is an option for employees to build an emergency savings. See how these saving accounts work from matching contributions to investment guidelines.
April 24, 2024
Find out if it is the right time to lower your tax bill by making deductible catch-up contributions to traditional IRAs or company plans.
April 23, 2024
As it is a presidential election year, it is important to know the rules and limits for both individuals and businesses contributing to a candidate.
April 19, 2024
Does your company offer a designated Roth account (DRA)? What is right for your situation and should you contribute?
April 17, 2024
Our team got to celebrate the end of tax season 2024 by getting together for fun, food, drinks, and games!
April 16, 2024
Are you moving to another state for work or recently acquired a remote position to work from anywhere? It is important to be aware of state tax rules and implications.
April 15, 2024
Are you finding it more and more challenging to grow your business? This article addresses key tips and strategies to help take your business to the next level.
April 12, 2024
Find out if you qualify and do not miss out on this tax-saving opportunity for your business
April 11, 2024
Games such as bingo and poker can seem like a fun and easy way to increase revenue for your not-for-profit organization but be aware of the tax rules and local laws.
April 10, 2024
A big thank you to Keystone Pet Therapy Services (KPETS) for taking the time to visit Walz Group for a “therapy dog” break.
April 8, 2024
Do you travel for business? Recordkeeping is essential for both national and international travel, be sure to know the tax rules for deducting business travel expenses. Find out the tax benefits:
April 5, 2024
What do you know about the General Business Credit (GBC)? Which businesses are eligible? What is included in the credit? Can you claim the credit? Find out here:
April 3, 2024
New Team Member: Martina (Tina) Royer begins her new role as a Bookkeeper on the Walz Group EasyKeep team
April 1, 2024
It was an exciting day at Walz Group, as we received a visit from the Easter Bunny at our 2024 Easter Extravaganza Event
March 29, 2024
If you work in the construction industry, make sure you comply with the current tax laws and regulations. In this article, find out common business expenses that can be deducted
March 28, 2024
This article explains how business owners or shareholders thinking of withdrawing funds from their corporation can stay within the tax rules and avoid consequences.
March 27, 2024
Are you afraid of getting your tax return audited by the IRS? Watch out for these eight red flags that can trigger an IRS audit.
March 26, 2024
After you get married, there are two ways to file your federal income tax return-married filing jointly or married filing separately. Find out which option is best for you
March 22, 2024
Did you know Estate Planning is important for all individuals and income levels, not just the wealthy? Find out the ways you can benefit:
March 21, 2024
Great article from the J.P. McCaskey Alumni Newsletter-Our founder, Glenn Walz joined J.P. McCaskey accounting and business students to donate a rare set of original class items
March 20, 2024
Business owners, be aware of a new rule that provides six factors to determine if the employment status of a worker should be classified as independent contractor or employee.
March 19, 2024
Are you saving and planning to set yourself up for a relaxing retirement? Follow this article to find out what you need to know about paying taxes after you retire. Plan now, to protect your nest egg.
March 15, 2024
Selling your home? Do you understand and meet the requirements for the home sale gain exclusion? Find out if you qualify and if a home office can affect your home sale gain exclusion.
March 14, 2024
C Corporations: there are tax-savvy options available to get cash out of your business. Find out the rules and requirements of these five options and how to avoid double taxation.
March 13, 2024
Do you work from home? Find out everything you need to know about home office deductions and tax savings here:
March 12, 2024
Managing a healthy and successful cash flow at your business depends on both the sales and disbursements cycles. Find out more here:
March 11, 2024
Often, estate planning will focus on assets, investments, and business interests, but do not overlook smaller personal properties such as jewelry, clothing, artwork, furniture, and other items
March 8, 2024
Do you consider yourself the head of household (HOH) as your tax filing status? Make sure you understand the rules and three main requirements to qualify as HOH to receive the savings.
March 6, 2024
Find out how an installment sale works, the tax implications for both buyers and sellers, and what qualifies as an eligible transaction.
March 5, 2024
Are you a business owner and hiring for extra help? Consider these tax-saving advantages if you hire your child at your business. Find out the tax advantages and rules in this article
February 28, 2024
It is important to understand how the Social Security tax impacts employers, employees, and self-employed individuals.
February 27, 2024
Are you on a not-for-profit finance committee? This article explains seven key responsibilities of the finance committee to ensure the overall success of the organization.
February 23, 2024
What is the Uniform Commercial Code (UCC)? If you are a business owner or conduct business in other states, check out this article on the UCC:
February 22, 2024
Does your business utilize accounting software for bookkeeping tasks? The right software can assist with managing, reporting, and analyzing. Find out if you are getting the most from your software
February 21, 2024
Getting traditional financing like bank loans for your small business or startup can be a challenge. This article outlines alternative financing options.
February 20, 2024
New tax rules for the purchase of an electric vehicle (EV). Check out this article for changes made in 2023 and 2024 for tax breaks and credits
February 16, 2024
If you recently got married or are thinking about getting married, there are important tax filing options and timing considerations to keep in mind
February 14, 2024
Walz Group Jersey Day 2024
February 9, 2024
Looking for a tax break? If you own a vacation home such as a cabin in the mountains or a house on the beach and rent it out, you could get a tax deduction.
February 7, 2024
Attention businesses and business owners that issue and accept paper checks! Check fraud is still abundant and can happen to anyone, don’t let it happen to you.
February 6, 2024
Attention business owners! Are you a small business owner wondering if you can claim the qualified business income (QBI) deduction for tax breaks? Follow this article to find out more
February 2, 2024
Did you know that if you can claim your parent as a dependent, you could be looking at significant tax breaks? Follow this article to find out the requirements and learn more:
February 1, 2024
Are you a business owner trying to determine which expenses can and can’t be deducted to help lower your tax bill? Find out the tax rules when it comes to travel, entertainment, food and beverage...
January 30, 2024
Ben Ritenour and Robin Alexander Principal Reception at the Cork Factory Hotel
January 29, 2024
Walz Group CPA Announces Two New Principals-Robin Alexander and Ben Ritenour
Are you in the construction industry and looking to improve your business credit rating? This article outlines how business credit works and key steps you can take to build better credit:
January 26, 2024
General Business Credit (GBC). What is the General Business Credit? What’s included in the General Business Credit? How can General Business Credits provide tax-saving advantages?
January 24, 2024
Thinking about retirement and looking for retirement savings? Check out this article for an overview of SECURE 2.0 tax-saving provisions that take effect in 2024:
January 23, 2024
Walz Group is excited to welcome our 2024 tax season interns-Amaya, Alayna, and Grace
January 22, 2024
Attention business owners! Are you hiring and looking to fill open positions for skilled workers? Try investing in your employee’s education to enhance skills and take advantage of tax breaks
January 19, 2024
Did you know there are five levels to the Medicare appeals process? Check out this article to learn more about the five levels and tips on best practices for handling appeals.
January 17, 2024
The Free Application for Federal Student Aid (FAFSA) is open and available for 2024-2025. Here is what you need to know regarding filing requirements and the latest changes
January 16, 2024
Knowing when and how to expand your business can be a challenge. This article outlines five steps for success and addresses key features for business owners to keep in mind for growth opportunities.
January 8, 2024
Is your company hiring? Understanding payroll, payroll taxes, and withholding requirements can be a challenge. Follow this article to make sure you are following the rules and get answers
January 5, 2024
Is it time for your teen or young adult to start saving for retirement?
January 4, 2024
Walz Group Holiday Party 2023-Santa, gingerbread houses, and more
December 22, 2023
In this episode of Accountability in Action-Andrea Fassl a QuickBooks ProAdvisor at Walz Group joins us to give an update on the current overview of QuickBooks and QuickBooks Online software
December 20, 2023
Find the best option for your estate planning strategy if you are looking to pass a family business to the next generation. Learn about an installment sale to an intentionally defective grantor trust
December 14, 2023
Check out this article for eight tips to help reduce the Net Investment Income Tax (NIIT). Find out if you will be affected by the 3.8% net investment income tax:
December 13, 2023
As the year-end approaches, stay up to date with the latest information on estate planning and annual gifting. From eligible asset transfers to lifetime exemption changes.
December 12, 2023
Do you have questions about Social Security? Here are five important facts you need to know:
December 1, 2023
Are you in the market for a new vehicle and wondering if buying or leasing is the best option for you? This article outlines the pros and cons of both options and some key factors to keep in mind:
November 30, 2023
Are you a new business owner and facing decisions? Here are 7 key tips to help position your company for success:
November 29, 2023
In this episode of Accountability in Action, Janel Cross from Align sits down with us to discuss 401K and retirement planning.
November 27, 2023
What is an ESOP? What are the tax advantages of an ESOP? Find out if an ESOP is the right fit for your business:
November 22, 2023
Attention parents! See if you are eligible and take advantage of tax breaks for your family, such as child credits, adoption credits, scholarships, and many others to maximize your tax savings.
November 21, 2023
What is net unrealized appreciation (NUA) and the tax rules to be aware of? This article explains how it works and important key points to keep in mind to help navigate the rules.
November 16, 2023
Walz Group had the opportunity to visit with business class students at Manheim Township High School for a discussion on Accounting
November 14, 2023
Year-end bonuses have tax implications for both employers and employees, here is what you need to know
Is your business looking to hire and retain employees? Group term life insurance may be a good fringe benefit for your company. Learn more about Group Term Life Insurance in this article:
November 10, 2023
The Internal Revenue Service (IRS) announces the annual inflation adjustments for more than 60 tax provisions for tax year 2024, including the tax rate schedules and other tax changes.
November 9, 2023
Surprise groom-to-be shower for Ryan Fisher
November 8, 2023
Check out these five year end ideas to help business owners reduce 2023 taxes
To claim your product is "Made in the USA," a business must comply with strict regulations enacted by the Federal Trade Commission (FTC).
November 3, 2023
Walz Group Halloween 2023
October 31, 2023
In this episode of Accountability in Action, Rick Hackman-Shareholder, Chair-Labor, and Employment Group at Saxton & Stump joins us to talk about noncompete agreements, both locally and nationally
October 30, 2023
This article outlines nine key factors that affect the valuation of hospitals and healthcare organizations
October 20, 2023
Social Security benefits and Supplemental Security Income (SSI) payments set to increase in 2024
October 18, 2023
Have you ever wondered what happens to a pet when their owners die? Set up a pet trust for the future of your animal! Lean more in this article:
October 12, 2023
Walz Group had the opportunity to meet many great students at the Shippensburg University Fall 2023 Job & Internship Fair
October 6, 2023
Great article by Rick Hackman, Saxton & Stump-News & Insights as the U.S. Department of Labor (DOL) proposes new federal minimum salary threshold for OT pay
October 4, 2023
Renter Insurance-What is it? How does it work? Do you need it to cover personal property? Learn more in this article:
September 29, 2023
Taxpayers-stay up to date with the federal tax reporting requirements for cryptocurrency transactions, form 1099 for 2023, and the various types of forms you can receive
September 27, 2023
Walz Group attends Meet the Accountant's Night at several local colleges and universities
September 26, 2023
Mutual Funds vs. ETFs, what are the structural differences, account minimums to watch out for, and how to determine which is right for your portfolio?
September 22, 2023
Walz Group is a proud sponsor of the 9th annual Scott & Hoffnagle Clay Shoot presented by Commonwealth Fire Protection Company
September 21, 2023
The tax rules for intangible assets can be complicated, it is important to understand the definition of intangible assets, exceptions, and how to avoid mistakes with the IRS
Great article providing insight and in-depth knowledge on Employee Retention Credits (ERC) by Pauline Markey at Saxton & Stump
September 19, 2023
What reporting requirements are businesses and business owners going to need to meet under the Corporate Transparency Act (CTA) that takes effect on January 1, 2024?
September 13, 2023
News Release: The Department of the Treasury and the IRS issued proposed regulations that would require brokers to report sales and exchanges of digital assets by customers.
September 8, 2023
What taxpayers need to know about cryptocurrencies and federal tax implications on transactions
September 7, 2023
Receiving an audit notice from the IRS for an employee benefit plan doesn't have to be stressful, here are ten tips to help prepare for an efficient audit
September 6, 2023
Walz Group is Excited to Welcome Meredith Reinhart to the Team as a Director in the Tax Department.
September 5, 2023
In this episode of Accountability in Action, Andrew Gordon-Fulton Bank joins us to discuss the 2023 banking industry in Lancaster County
Before signing a commercial real estate lease, here are eight considerations to know and understand to protect yourself and your business
August 31, 2023
Documents Not-For-Profit Organizations Must Keep For Tax Purposes
August 30, 2023
IRS Security Summit reminder: Identity theft red flags tax pros should know
August 11, 2023
Walz Group at the 2023 PICPA Volleyball Tournament
August 4, 2023
Accountability in Action with Jason Waldo-Health Insurance
August 1, 2023
Walz Group Celebrates 45 Years with a Picnic
July 19, 2023
Does your company do business internationally or globally? Learn more about transfer pricing and how it can help cut your tax bill.
July 14, 2023
Have you experienced an increase to the property tax assessment on your residential or commercial property? Here are some factors to determine if your property valuation is correct and how to appeal:
July 13, 2023
Small and midsize businesses can avoid chaos and failures by incorporating strategic planning into succession planning, in case something happens to you or ownership.
July 12, 2023
Keep your business data secure by following these steps to help prevent internal fraud in your medical or healthcare practice
July 8, 2023
Are you a business owner thinking about your 2023 tax bill? Check out these mid-year tax planning tips for small businesses. Find out more here:
July 7, 2023
