Industry 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.
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
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
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...
August 28, 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
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
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
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...
July 2, 2025
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
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
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
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
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
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
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
