Industry News 

News, thought leadership, and innovative ideas for the future.

With the constant swirl of changes in the business world, government regulation, and complexities of operations, it’s hard to stay on top of what most impacts your organization. Walz Group strives to provide you with news and information that is timely and relevant to you.

Most Recent Industry News

Accounts Receivable Fraud: Lapping Up Profits

Any business can be a target for fraud through accounts receivable (A/R), impacting both the business and the customer. Check out this article to prevent “lapping” and tips to uncover fraud:

It’s Time for Businesses to Rethink Their Working Capital Practices

This article outlines how businesses can evaluate and improve working capital management in today’s uncertain market:

New Law Expands Deduction for Energy-Efficient Commercial Buildings

The recently passed Inflation Reduction Act (IRA) allows for significant deductions for owners and designers of energy efficient commercial buildings. Find out more here:

The IRS Has Announced Various Tax Benefit Increases for 2023

Due to rising inflation, the IRS has recently announced adjustments for the 2023 tax year. Check out the chart in this article that compares the tax amounts for 2022 and 2023:

Understanding IRS Audit Guidance

Audit Technique Guides (ATGs) help IRS examiners during an audit but are also beneficial to small business owners by adding insight into issues and accounting methods unique to specific industries.

New Business Travel Per Diem Rates Announced for 2023

If you or your employees travel for business, keeping up with records, receipts, and reimbursements can be a challenge. The new per diem rates for 2023 have been announced:

Cash In on Corporate Deductions for Charitable Donations

As a business, it is important to know the tax rules to follow for charitable giving in order to qualify and cash in on deductions.

Scrub Data to Make Clean Business Choices

Whether you are a big or small business, keeping data clean and up-to-date is not always an easy task to achieve. This article outlines some rules and ideas to consider when it comes to scrubbing data

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