Walz Insights 

Insights from Walz Group

Insight, advice, and stories from Walz Group

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Walz Group CPA Presents-Accountability in Action with Meredith Reinhart-Income Tax

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

Accountability in Action with Andrea Fassl: QuickBooks

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

Most Recent Posts From Walz Insights

Walz Group CPA Presents-Accountability in Action with Meredith Reinhart-Income Tax

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

Accountability in Action with Andrea Fassl: QuickBooks

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

Accountability in Action with Josh Hoover: 2023 Individual Tax Changes

Josh Hoover, Walz Group Manager of Tax discusses upcoming individual tax changes for the 2023 tax year.

Walz Group CPA-Accountability in Action with Robin Alexander-Entity Tax Changes for 2023

Robin Alexander, Walz Group Director of Tax discusses entity level tax changes for 2023.

Protect Receivables from the Outset

When trying to collect money from people who owe your company, you've undoubtedly asked yourself what can you do to help in your collection efforts.

Beware! Read and Review Before You Sign a Contract

Sometimes in an effort to move the business forward, you are pressed to make swift, hard decisions, which may result in entering into an agreement (or “contract”) without complete information.

Where Did the Cash Go? Look at the Cash Flow Statement

In accounting, a standard part of Generally Accepted Accounting Principles (GAAP) financial statements is the presentation of Cash Flow Statements.

Beware: Remote Work May Complicate Your Income Taxes

Remote work has become more common in recent years, and the COVID-19 pandemic has resulted in employers realizing that many jobs can be done from home.

Take Advantage of Tax Breaks for Small Businesses

If you own a small or medium-sized business, it may be eligible for some significant tax breaks that aren't available for larger entities. Here are three examples to consider...

Do LLC Members Owe Self-Employment Tax?

How do self-employment tax rules apply to LLC members?

Don’t Short-Change Your Future By Cashing Out Your 401(k)

If you're looking for money to buy a new car or pay off some bills, your 401(k) plan may seem like a pot of untapped gold. The temptation to tap your retirement funds often comes when you switch jobs.

Unlock 8 Tax Breaks for Home Ownership

Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages.

Due Diligence Considerations when Buying a Business

Buyers of businesses generally prefer to arrange for an asset purchase transaction, instead of purchasing an ownership interest in the target business entity.

Proposed State Legislation Could Provide Good News for PA Taxpayers

There are presently two bills going through the Pennsylvania legislature that could provide good news to the state’s taxpayers.

Caring For Parents Means Knowing About Their Financial Affairs

As people get older, so do their parents. Yet many adult children know little about their parents' assets.

Feast on Bigger Tax Deductions for Business Meals

Uncle Sam is helping to pick up the tab for certain business meals in 2021 and 2022.

2021 Fraud Review: Watch Out for These Financial Scams

Today, many people and small businesses are operating in survival mode. In addition to managing the effects of the pandemic, they're now struggling with skyrocketing inflation.

Are You Ready for Possible State Minimum Wage Increases?

In today's tight labor market, many employers have been raising wages substantially to maintain operations.

New Changes for Meals and Entertainment Deductions for 2021 and 2022

Any food or beverages provided by a restaurant is now 100 percent deductible (up from 50 percent) if paid or incurred after December 31, 2020, and before January 1, 2023.

How to Make the Most of the Annual Gift Tax Exclusion

The holidays often inspire a spirit of generosity. So, at year end, many people decide to give money or assets to their loved ones.

Fun Facts About College Financial Aid

Some of the tax-saving moves you make now could hurt your student's chances for getting financial aid later.

Employee Benefit Plan Audit for Plan Administrators: The 2020 Breakdown

Companies with more than 100 participants in a retirement plan have probably undergone an audit of the plan’s financial statements at some point.

Deciding When to Raise Your Prices… and by How Much

A price increase is sometimes unavoidable — and now might be one of those times as many businesses are dealing with cost increases, supply chain bottlenecks and labor shortages.

Prioritize Your Insurance Needs

It may be frustrating to watch a significant part of your budget be devoted to insurance premiums — particularly if you never need to file claims. But that doesn't mean you've wasted your money.

9 Ideas to Potentially Lower Your Taxes for 2021

With year end rapidly approaching, it's time to consider making some moves that will lower your 2021 federal income tax bill — and potentially position you for future tax savings. Unfortunately...

Follow Sensible Guidelines When Borrowing From Your 401(k)

If you need cash for an emergency, you might turn to your 401(k) plan. Assuming your 401(k) plan permits such loans, here are three general guidelines.

There’s No Such Thing as a No-Cost Mortgage

When interest rates are on the low side, you probably wonder whether it’s time to refinance. Generally, refinancing does save money. But don’t rush into it—you need to make a few calculations first.

Update Your Life Insurance Plan for Retirement

Every stage of life has its own distinctive financial planning and insurance needs. Retirement is no different. Here are five reasons why you might still need life insurance.

How to Prepare a Personal Financial Statement

Understanding your financial health is important as you navigate such life decisions as applying for credit for a loan or mortgage or as you undertake retirement and estate planning.

Handle With Care: Your Inheritance

After receiving an inheritance, you need to determine how to incorporate those assets — whether cash, stocks, bonds, real estate or some other asset — into your finances.

20 FAQs About RMDs

Here are the answers to 20 frequently asked questions (FAQs) about RMDs under current law.

Consider a New Approach to Meeting Your Business Real Estate Needs

Even with the economy bouncing back in many sectors, returning to previous uses of commercial real estate could be a big mistake. Here are some reasons why.
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