wscpa, Author at Walter Shuffain

Understanding the 2025 Accounting Standards for Crypto Assets and Joint Ventures

Written by: Danielle MacKenzie, CPA, MSA Key Points Two new accounting standards are fully effective this year: ASU 2023-08 on crypto assets and ASU 2023-05 on joint venture formations These standards change measurement and presentation requirements for 2025 financial statements …

Debt vs. Equity Financing: Which One Fits Your Business Best?

At some point, nearly every business owner faces a common question: How do I fund the next growth stage? Whether you’re eyeing new equipment, a larger space, or need extra cash flow, choosing the right kind of financing is a…

Proactive Tax Planning for Expanding Businesses

Growth is exciting as a business owner, but it also brings added complexity to your tax situation. Expansion may mean hiring new staff, entering new markets, or investing in new assets. Without proper planning, these changes can increase your tax…

What’s in the “One Big Beautiful Bill Act”?

On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (H.R.1), a sweeping proposal to extend or modify several tax provisions originally enacted under the 2017 Tax Cuts and Jobs Act (TCJA), many of…

ERISA Fidelity Bonds: Myth Busting Five Common Misconceptions

Written by: Stephen Candelario, CPA and Jill Blumen, CPA In the complex world of employee benefit plans, fidelity bonds serve as a crucial safeguard against losses caused by financial malfeasance. Given the costs and vagaries of litigation, plan sponsors and…

How to Plan for Succession: Preserving, Protecting, and Passing on Wealth

The key to success is to be thoroughly prepared. Succession will happen within families, but it is not always certain that it will be accomplished strategically. Succession planning calls for deliberate preparation, and it requires time— typically years or even…

Unlocking Your Business Potential with Financial Dashboards

Running a business comes with constant financial decisions, having the right tools to understand where your money is going can make all the difference. Financial dashboards are a game-changer, giving business owners real-time insights into their company’s financial health. With…

Future-Proof Your Business with Rolling Forecasts

If you’ve ever put together an annual budget only to realize a few months later that it’s already outdated, you’re not alone. Business conditions change fast—unexpected expenses pop up, revenue doesn’t always hit projections, and market shifts can throw your…

Walter Shuffain Promotes Debbie Burgess to Tax Manager

Walter Shuffain is pleased to announce the promotion of Debbie Burgess to Tax Manager, effective January 1, 2025. In her new role, Debbie will continue to provide tax and consulting expertise to clients in various industries while taking on expanded…

Accounting Strategies for Sell-Side Transactions

As a company begins to explore and market a sale or a new investor round, it may encounter numerous opportunities to enhance the efficiency and success of the process. Presenting a clear and accurate financial picture to interested parties is…

Author: wscpa