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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.
Walter Shuffain Promotes Michael Cooper to Shareholder
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
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
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…
Secure Act 2.0 Updates Retirement Plans Starting in 2023
The new Secure Act 2.0 legislation expands upon the Secure Act of 2019 with updates to retirement savings plans across the country. Here’s what you need to know. Automatic Enrollment Requirements Plan sponsors of 401(k) and 403(b) plans will be…
Exercising Stock Options? Here’s What to Expect from a Tax Perspective
Written by: David Bryant, CPA and Joe Bellante, CPA If you’ve been awarded stock options from your employer, it’s essential to understand the tax implications of exercising them. In this post, we’ll break down the tax implications of stock options…
Individual Tax Planning: 6 Steps to take before year-end
As the year ends, taking action on potential ways to lower your individual federal tax bill for the year is important. While previous years have been rife with change, the tax code has seen minimal edits this year. Keep reading…
Time to Make Your Business Year-End Tax Moves
With increasing costs due to inflation putting a strain on cash flow, lowering your tax liability is one way to help your business. While there are often many tax changes in any given year, 2022 has been slow in comparison. …
6 Options for Easing the Impact of the Massachusetts Millionaire’s Tax
Written by: Jonathan Hitter, CPA, MST, CGMMA In the November 2022 General Election, Voters approved an amendment to the Massachusetts Constitution, nicknamed the ‘Millionaire’s Tax.’ Starting in 2023, an additional 4% income tax will be placed on any ‘portion of…
Take Control of Your Legacy: Planning for Generational Wealth Transfer
The Silent Generation and Baby Boomers are incredibly fortunate generations—and so might be their heirs. Cerulli’s U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2021 report predicts these generations will transfer $72.6 trillion in assets to heirs and $11.9 trillion to charities through…
IRS Announces Retirement Plan Contribution Limits for 2023
Written by: Jonathan Hitter, CPA, MST, CGMA On October 21, 2022, the Internal Revenue Service (IRS) announced the updated contribution limits to retirement plans in Notice 2022-55. The new limits are valid beginning in tax year 2023. These limits are…
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