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Doing the research – it’s in your nature.
Read our blog to stay in the know.
Read our blog to stay in the know.
Blog
Doing the research – it’s in your nature. Read our blog to stay in the know.
Clarifying the SECURE Act 2.0 Roth Catch-Up Contribution Extension
While, the IRS’ announcement last month provides significant compliance relief for processing catch-up contributions as after-tax “Roth” contributions, the focus now for plan sponsors should be on proper implementation of the guidance. IRS Notice 2023-62 established a two-year administrative extension…
Working with a Virtual Accounting Team: Insights, Expectations, and Debunking Myths
Written by: Todd Ellis, CPA, MST, CGMA Virtual accounting has become a key solution for businesses seeking effective and efficient financial operations. But as its popularity grows, so do misconceptions. If you are considering working with a virtual accounting team for…
Massachusetts Governor Signs $1 Billion Tax Relief Bill
Written by: Jonathan C. Hitter, CPA, MST, CGMA On October 4, 2023, Massachusetts Governor Maura Healey signed into law a historic tax relief package to provide substantial financial relief to the state’s residents. The $1 billion Massachusetts Tax Relief Bill,…
Top Six Private Equity Trends Impacting Tech Companies
The second half of 2022 and the beginning of 2023 presented a thorny challenge for the tech industry as adverse market conditions slowed growth to a crawl, forcing tech companies to revisit their business models. At the same time, deal…
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…
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