Industry News 

Industry Relevant News

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.

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...

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...

Most Recent Industry News

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...

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...

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...

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...

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...
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