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Blog

Doing the research – it’s in your nature. Read our blog to stay in the know.
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2020 tax planning considerations for businesses, individuals

By wscpa | November 13, 2020
This year has been unique and beyond comparison in many ways, and tax planning is just one of the implications of current events. Both individual and business taxes have the potential to be significantly impacted by the various legislation that has passed like the…

Tax planning considerations: Election results, sunset provisions

By wscpa | November 13, 2020
According to news outlets, as of this writing, Joe Biden has been named the president-elect of the U.S. Vote counting is still ongoing and election results have not yet been certified, but this news may have some taxpayers wondering what…
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PPP loans of $50,000 or less get simplified rules from the SBA

By wscpa | October 27, 2020
The Small Business Administration (SBA) and Treasury announced on October 8 that a simplified application (Form 3508S) for Paycheck Protection Program (PPP) loan forgiveness is now available for borrowers whose loans fall in the $50,000 or less threshold. As more and more businesses begin filing for PPP…
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Latest update to PPP provides guidance on owner-employee compensation, non-payroll costs

By wscpa | October 27, 2020
On Aug. 24, the Small Business Administration (SBA) and Treasury issued the latest interim final rule update to the Paycheck Protection Program (PPP) that seeks to clarify guidance related to owner-employee compensation and non-payroll costs. This guidance has been long-awaited and…

Walter & Shuffain Awarded Three Professional Accolades

By wscpa | October 6, 2020
Walter & Shuffain, P.C. (Walter & Shuffain) has been named to three professional accolade lists including the Top Accounting Firms to Work For from Accounting Today, and the Best of the Best Firms and Top 300 Firms from INSIDE Public Accounting (IPA). The Top Accounting Firms to Work For are chosen based on a two-part survey…

COVID-19 FAQs

By wscpa | September 17, 2020
Will I receive cash from the government? If so, when? Single individuals with 2019 (2018, if your 2019 return hasn’t been filed yet) Adjusted Gross Income (AGI) up to $75,000 ($112,500 if you file as “head of household”) will generally…

Russell, Brier & Co. LLP merges with Walter & Shuffain, P.C.

By wscpa | September 15, 2020
Walter & Shuffain, P.C. (Walter & Shuffain) announces the acquisition of Russell, Brier & Co. LLP (Russell Brier) effective Sept. 1, 2020. The merger makes Walter & Shuffain a Top 20 firm in Massachusetts. The combination of the two firms offers the Boston metro…

Walter & Shuffain Acquires Russell Brier & Co

By wscpa | September 10, 2020
The shareholders at Walter & Shuffain, P.C. are excited to share that we have merged in Russell Brier & Co. LLP effective Sept. 1, 2020. The merger makes Walter & Shuffain a Top 20 firm in Massachusetts with the Russell…

Latest PPP FAQ Document- An overview of some of the most notable clarified guidance

By wscpa | August 8, 2020
The Small Business Administration (SBA) and Treasury released an updated Paycheck Protection Program (PPP) FAQ on Aug. 4 in an effort to address PPP loan forgiveness issues that have arisen as borrowers begin to complete their applications. The 23 FAQs address various…

House, Senate Approve 5-week PPP Extension

By wscpa | July 3, 2020
The U.S. Senate and House of Representatives have both unanimously agreed to extend the Paycheck Protection Program (PPP) by five weeks in an effort to continue providing relief for small businesses hit hard by the pandemic. Applications officially closed for…

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