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Doing the research – it’s in your nature. Read our blog to stay in the know.

The Top 12 Tax Scams to Avoid According to the IRS

By wscpa | April 24, 2023
Fraud. Scam. Phishing. Regardless of what you call these illicit activities, it’s important to protect yourself against the bad players that take advantage of weaknesses for their gain. Not only is it inconvenient, but there’s often a financial cost when…

7 Private Equity Predictions for 2023

By wscpa | April 12, 2023
After a record-smashing 2021, 2022 will be remembered as the year of diminished dealmaking. The upward trajectory that began in the fourth quarter of 2020 and sustained through 2021 did not continue last year: Deal-making started off strong in the…

Common Control Entities and Lease Accounting Methods

By wscpa | March 21, 2023
The FASB released ASU No 2023-01 to Topic 842, Leases on March 27, 2023. Applicable businesses can adopt the changes in their lease accounting procedures for fiscal years beginning after December 15, 2023. The new lease accounting methods have been…

Walter Shuffain Joins the BDO Alliance USA

By wscpa | March 16, 2023
Walter Shuffain, P.C. (Walter Shuffain) is pleased to announce it has joined the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting and service firms with similar client service goals. As an independent member of…

Tax Impacts of Equity Compensation

By wscpa | February 23, 2023
Written by: David Bryant, CPA Have you received a job offer with an equity compensation package? Equity compensation can be an incredibly lucrative form of employment income, but it also may come with some unique tax consequences that should be…

Will your tax bracket change in 2023?

By wscpa | February 20, 2023
The IRS has released the updated tax brackets, deductions, and credits for the 2023 tax year. While tax filing for this year won’t happen until early 2024, it’s important to pay attention to your tax rate. Strategizing now can help…

Real Estate Tax Update

By wscpa | February 13, 2023
Written by: Angela Parziale, CPA, MST As a real estate investor or owner, you’re always looking for ways to maximize your return on investment. Staying up to date on federal tax laws can be daunting, but knowing how taxes affect…

Walter Shuffain Promotes Michael Cooper to Shareholder

By wscpa | January 27, 2023
Walter Shuffain, P.C. (Walter Shuffain) is pleased to announce the promotion of Michael Cooper, CPA, to Shareholder, effective January 1, 2023. Michael works predominantly with the firm’s real estate, professional services, and manufacturing clients. He joined Walter Shuffain in 2013…

The Future of Cryptocurrency

By wscpa | January 26, 2023
Written by: Leah Belanger, CPA, MSA and William Cooper, CPA Cryptocurrencies have been making their mark on financial services for over a decade. But the past year has seen incredible highs and lows, with the crypto market losing over $2…

2023 Mileage Rates for Business Reimbursements

By wscpa | January 20, 2023
The IRS recently released the 2023 mileage rates for businesses to use as guidance when reimbursing workers for applicable miles driven within the year. The rates tend to increase yearly to account for rising fuel and vehicle and maintenance costs…

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