Walter & Shuffain - Certified Public Accountants & Business Advisors

It’s Time to Re-examine the Pros, Cons of Cryptoassets

Cryptoassets have been taking off so quickly that President Biden signed an executive order in March outlining a government approach to address the risks and harness the benefits of cryptocurrency while urging the research and development of a U.S. Central Digital Bank Currency.

Yet, for all the attention cryptoassets are receiving, many business leaders are still trying to understand what they are, how they work, and the pros and cons of using them.

Massachusetts Millionaires Tax: Planning for High-Income Taxpayers

When Massachusetts voters head to the polls this November, one hot button issue on ballots will be the so-called “Massachusetts Millionaire Tax.” This surtax on high-earning taxpayers in the state faces criticism from business leaders and investors but strong support amongst voters.

This article looks at what this new tax would entail and how it could impact Massachusetts taxpayers.

Don’t forget about the Work Opportunity Tax Credit

The Work Opportunity Tax Credit can provide tax credits to businesses that expand their hiring pool to include qualified groups. Here’s what you need to know. 

Build Back Better May Be Stuck, but How Could It Impact Business Owners?

Build Back Better is one of two pieces of legislation that form the centerpiece of President Biden’s domestic agenda. The first piece — the Infrastructure Investment and Jobs Act — was signed into law in November 2021. 

Making a Family File

One of the most difficult things for a family to deal with after the death of a loved one is sorting through the endless paperwork needed to get the estate in order. It is important that your documents are in order to ensure prompt payout on any life insurance policies. By creating a “family file” that contains all of the important documents needed in the event of your death, you can make an already painful process a little bit easier for your loved ones.

Understanding Your Cash Flow and Financial Statements

As a business owner, it is important to be able to read and understand the accounting terms found in your financial statements. Once you understand the basics of financial statements, you can interpret what they mean to your organization’s financial health.