wscpa, Author at Walter Shuffain

New Accounting for Joint Venture Formations

Summary Joint ventures, as defined in U.S. GAAP and formed after January 1, 2025, must apply a new basis of accounting, as issued by the FASB in Accounting Standards Update (ASU) 2023-05, Business Combinations — Joint Venture Formations (Subtopic 805-60).…

7 Healthcare Private Equity Trends to Know

Healthcare continues to face a challenging economic and regulatory environment. Inflation and interest rates remain elevated, increasing both the cost of care and the cost of capital. At the same time, labor expenses remain elevated compared to pre-pandemic levels, placing…

IRS Clarifies When Cryptocurrency ‘Staking’ Rewards Are Included in Taxable Income

The IRS has published new guidance regarding the treatment of cryptocurrency staking rewards. In Revenue Ruling 2023-14, the IRS has ruled that staking rewards must be included in gross income for the taxable year in which the taxpayer acquires dominion…

Walter Shuffain Announces Hiring of Managing Director of Client Accounting Services

We are excited to announce that Todd Ellis joined the firm as Managing Director of Client Accounting Services. Before joining Walter Shuffain, Todd was a Partner in the Client Accounting Services practice at a Boston CPA firm. Todd worked closely…

Walter Shuffain Achieves New Ranking as a 2023 IPA Top 200 Firm

Walter Shuffain, P.C. (Walter Shuffain) has achieved recognition as an IPA Top 200 Firm by Inside Public Accounting (IPA). This marks the third consecutive year that the firm has secured a place on this prestigious list, ascending four positions to…

Navigating the Future of Educational Planning: Enhancements to 529 Plans Under the SECURE 2.0 Act

Written by: Stephen Candelario, CPA As parents, we all dream of providing the best education for our children. But with escalating education costs, planning for their future education can often seem daunting. Fortunately, there are now tools available, such as…

What’s Driving Margin Erosion in Healthcare?

Healthcare Has a Margin Erosion Problem The past few years have significantly destabilized the healthcare industry’s financial footing. According to our 2023 Healthcare CFO Outlook Survey, 60% of healthcare CFOs could not meet the terms of their bond or loan…

Following the money: Where is real estate capital coming from?

The past few years of pandemic recovery, rising inflation and interest rates, and legislative changes have created tremendous shifts and challenging obstacles within the real estate industry. As economic uncertainty applies pressure to sources of traditional capital, the industry is…

Maximize Your Tax Savings with the Inflation Reduction Act: An Insightful Guide for Real Estate Owners and Developers

Written by: Mark Ravera, CPA In the ever-evolving landscape of real estate tax incentives, staying informed is not just smart – it’s essential. The Inflation Reduction Act is a game-changer allowing real estate owners and developers to enjoy lucrative tax…

Easing The Pain of Research & Experimental (R&E) Expenditure Capitalization

The new Section 174 rules require taxpayers to capitalize and amortize R&E costs incurred in taxable years beginning on or after Jan. 1, 2022. Amortization is calculated using a straight‐line recovery period of either five years for costs incurred in…

Author: wscpa (page 8)