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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
