Choosing the Right Investment Options to Suit Your Goals

October 29, 2019·James Alexander

There is a diverse mix of investment options that a defined contribution plan may offer to its participants. The plan sponsor should aim to provide a sufficient number and variety of investment options that allow participants the opportunity to suit their investment goals and risk tolerance.

Before choosing an option, it’s crucial to assess the risks of the investment and understand the fees involved. The following are descriptions of several types of investments:

James Alexander

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Employee Benefit Plan Audits

Work or Pleasure: The Tax Rules for Hybrid Travel

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Building Block: Understanding the Alternate Valuation Date

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Samet’s Danny Waung Takes First Place in MSCPA Virtual 5k

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Big Changes to the Child Credit for 2021

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Samet Featured in TAG Alliances Annual Review 2020

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Ways to Fully Deduct Business-Related Meals

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Virtual Valentines for Children at Boston Children’s Hospital and St. Jude

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The Homebuyer’s Dilemma

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Important Tax Figures for 2021

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PPP Loan Changes Included in the New Appropriations Act

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Tax Consequences of Borrowing From a Retirement Plan

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The Tax Implications of Closing a Schedule C Business

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Theodore Samet Passes Away at Age 96

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Samet 2021 Promotions

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Who Will Run Your Business After You?

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A Good Time for Making Tax-Smart Family Loans

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In a time of growing uncertainty, it is important to understand the effects of COVID-19 on retirement plans. The infographic below displays several provisions of the CARES Act that apply...

Top Plan Failures and Prevention Practices

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Top Plan Failures: Failure to follow the terms of the plan document. Failure to update the plan document to reflect recent law changes. Failure to satisfy ADP/ACP testing requirements (exclude...

When the Gift of Giving Brings a Tax on Receiving

By Samet CPA | March 4, 2020

Did you receive a cash gift or job bonus last holiday season? If so, you may have a tax surprise from the IRS in April. In Nerd Wallet’s article, Samet’s...

New Look, Same Samet – We’ve Rebranded!

By Samet CPA | February 27, 2020

At Samet, we are easing into 2020 with a fresh new look that embodies our dedication to clients and reflects the core ethos of our firm. Our new brand identity...

Tax Considerations for Craft Brewery Tasting Rooms

By James Alexander | January 28, 2020

Tasting rooms allow craft breweries to gain a new source of revenue and to form personal connections with their customers. However, it is important to consider the potential tax implications...

2020 Tax Season Expectations According to Practitioners

By Samet CPA | January 21, 2020

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By James Alexander | January 16, 2020

Are you a Fiduciary? You might be and not even know it. The key factor in determining if the individual or entity is a fiduciary is whether they are exercising...

Bentley University Hosts 2020 Women on Boards National Conversation

By Samet CPA | January 9, 2020

On November 21, Bentley University held 2020 Women on Boards National Conversation on Board Diversity. The conversation was “How Can We Help Each Other and Seek Allies to Find a...

Samet Welcomes Cynthia Casey, Allison Gaines, and Risë Fanger to the Team

By Samet CPA | December 19, 2019

Certified Public Accounting (CPA) firm, Samet & Company PC (Samet),is pleased to announce that Cynthia Casey, CPA, Allison Gaines, CPA, and Risë Fanger have joined the firm. Cynthia Casey, CPA joined Samet as a Manager and...

Samet’s International Alliance Ranked Third in the World

By Samet CPA | December 17, 2019

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By Samet CPA | December 10, 2019

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Samet is pleased to announce that Josh Levine, CPA and Tom Attura, CPA have been promoted to Managers. Attura provides accounting and tax services for clients in a variety of industries including wholesale...

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By Samet CPA | November 7, 2019

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8 Methods to Increase Plan Participation

By Shawn Huxley | September 17, 2019

Plan administrators may be noticing a lower than expected participation rate in their employee benefit plan. Increasing plan participation is advantageous not only to employees, but also to the plan...

Kristie DeLuca Serves on the 2020 Women on Boards Steering Committee for Second Year

By Kristie DeLuca | September 16, 2019

Samet’s Kristie DeLuca is serving on the 2020 Women on Boards Steering Committee for its 2019 National Conversation on Board Diversity. 2020WOB is a national education and advocacy campaign devoted...

Samet Recognized in the INSIDE Public Accounting’s Top 400 Firms of 2019 List

By Samet CPA | August 27, 2019

For the second consecutive year, Samet has been acknowledged in the INSIDE Public Accounting’s 400 Firms list! IPA, the award winning newsletter for public accounting, annually recognizes the largest accounting...

Samet Stars Participate in the MSCPA’s Karter Kup Tennis Tournament

By Samet CPA | August 23, 2019

Four members of the Samet team attended the Massachusetts Society of CPAs’ Karter Kup Tennis Tournament at the Tennis Hall of Fame in Newport, RI. The group had a great...

The Benefits of Forming an Investment Committee

By Dennis Giangregorio | August 19, 2019

Samet’s Dennis Giangregorio, Shawn P. Huxley and James Alexander explore the many reasons a company’s plan sponsor should consider forming an investment committee. To read the article published on BenefitsPro...

Samet’s Kickball Team Wins the BSSC Championship!

By Samet CPA | July 16, 2019

Congratulations to Samet’s kickball team for taking first place in the kickball championship at Boston Ski and Sports Club! All of us at Samet are proud of your hard work...

The Detrimental Effects of Late Deposits

By Dennis Giangregorio | July 16, 2019

Plan Sponsors have an important fiduciary responsibility to ensure that all amounts withheld from an employee’s check are remitted to the Plan’s custodian without exception. However, this responsibility extends one...

Dennis Giangregorio Promoted to Partner

By Dennis Giangregorio | July 16, 2019

Samet is pleased to announce that Dennis Giangregorio, CPA has been promoted to a partner of the firm as of July 1, 2019. PR Web: To read the full press...

The Pros of Working at a Midsize Professional Services Firm

By Kristie DeLuca | July 16, 2019

Samet’s Kristie DeLuca, CPA, acknowledges her admiration for the balanced, flexible, and collaborative work environment she experiences on a day-to-day basis working at a midsize accounting firm. To read more...

Natural Disasters & Retirement Plans

By Shawn Huxley | April 3, 2019

Shawn Huxley and James Alexander’s article entitled, “When natural disasters and emergencies strike: Retirement plans & hardship distributions,” was recently published in Benefits Pro (subscription required). Click here to read!

EBSA Study and Its Findings

By Shawn Huxley | April 3, 2019

Samet’s Shawn Huxley, CPA, MSA, and James Alexander detailed the most recent EBSA study findings in the article below.

3 Times You Should Consider Business Valuation

By Matt Paul | March 6, 2019

Samet’s Matt Paul, CVA, MBA, discusses appropriate times to consider business valuation here!

Easy Ways for Small Businesses to Use Data Analytics

By Matt Paul | January 18, 2019

Harnessing the power of big data and analytics can be difficult for small businesses. Limited time, experience, and finances are often the main obstacles preventing small business owners and executives...

Samet & Company PC Promotes 3 as Directors of the Firm!

By Samet CPA | January 16, 2019

Samet & Company PC is pleased to announce that Dennis Giangregorio, CPA; Shawn Huxley, CPA, MSA; and Helen Schussler, CPA, CEP have been promoted to Directors of the firm. To...

Doing Business in China: Challenges And Opportunities Event!

By Samet CPA | November 13, 2018

Doing Business in China: Challenges and Opportunities Date: November 19, 2018 Time: 5:30 – 7:30 p.m. Call if interested (617)731-1222! Doing business in China can be daunting, but it also presents much...

Kristie DeLuca Joins 2020 Women on Boards Host Committee

By Kristie DeLuca | October 31, 2018

Kristie DeLuca is serving on the 2020 Women on Boards Host Committee for the 2018 National Conversation event scheduled to take place November 15, 2018 at 5:30 p.m. at...

Samet’s Robert Miller Featured in Boston Business Journal

By Samet CPA | July 31, 2018

Samet’s new Assurance Partner Robert Miller has been featured in Boston Business Journal. To view click here!

Kristie DeLuca to Present for The Boston Club on New Tax Bill

By Kristie DeLuca | April 24, 2018

On April 24, 2018, Kristie DeLuca, CPA will lead a discussion on the new tax bill and its impact on members of The Boston Club.

Paul Flanagan Discusses Life at Samet in the New England Real Estate Journal

By Paul Flanagan | March 29, 2018

Samet’s Paul Flanagan, Partner, was featured in the March 16th edition of the New England Real Estate Journal! Paul discussed his interests and life at the firm. Check out the...

Kristie DeLuca and David Marcus Promoted to Partners

By David Marcus | January 11, 2018

Samet is pleased to announce that effective January 1, 2018 Kristie DeLuca and David Marcus have been promoted to Partner. Kristie DeLuca Kristie DeLuca joined Samet in 2005 as an...

Samet Merges with RSA

By Samet CPA | January 11, 2018

Samet & Co. was featured in Inside Public Accounting on its merger with RSA. A link to more information can be found here. Samet & Co. was recently mentioned in MSCPA news on...

Tax Cuts & Jobs Act Updates

By Samet CPA | January 11, 2018

On December 22, 2017, the Tax Cuts & Jobs Act (TCJA) was signed into law amending the Internal Revenue Code of 1986. The following documents go into detail of exactly...

Overview of Provisions of the TCJA Affecting Individuals

By Samet CPA | December 25, 2017

The recently enacted TaxCuts and JobsAct (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact...

Samet at Trillium's New Roslindale Garden

By Samet CPA | December 8, 2017

The Samet team attended the grand opening of Trillium’s Roslindale Garden at the Substation. The team had a great experience learning about Trillium’s commitment to the Substation for the upcoming...

Samet Volunteers with the Ellie Fund

By Samet CPA | December 8, 2017

Samet employees Brooke Munafo (right) and Hannah Riley (left) volunteered at a recent Ellie Fund event. Munafo and Riley got an inspiring glimpse at how the Ellie Fund’s six staff...

Jay Kessler, managing shareholder of Samet & Company, PC, joins the board of the College Diabetes Network

By Samet CPA | November 27, 2017

Chestnut Hill, MA. November 27, 2017 –Samet & Company PC today announces that Jay Kessler has joined the board of directors of the College Diabetes Network (CDN). Mr. Kessler is...

Industry Trends in Craft Brewery

By Samet CPA | November 23, 2017

Gose or no-go? More competition moving in or more brewpubs shuttering? In 2017, craft brewing continues to be a thriving and evolving industry with millions of beer-loving fans around the...

T shares: One Option for Complying with the Department of Labor's Fiduciary Rule

By Samet CPA | November 17, 2017

It only went into effect on June 9th, but the Department of Labor’s fiduciary rule, also known as the conflict of interest rule, is already changing the way things are...

Shawn Huxley at BBJ Book of Lists Gala

By Samet CPA | March 9, 2017

Our own Shawn Huxley (center) is featured with Steven Buccigross of BlumShapio and Josh Heapes of US Trust at the Boston Business Journal’s 2017 Book of Business Gala at the...

Samet rises in BBJ List of Accounting Firms

By Samet CPA | February 25, 2016

In the list published on February 19 by the Boston Business Journal, Samet ranked as the 27th largest CPA firm in Massachusetts with 51 employees. This is a rise from its 2015...

Congress Tax Extenders in the 2015 PATH Act

By Samet CPA | January 7, 2016

Congress has once again extended the “extenders,” a varied assortment of more than 50 individual and business tax deductions, tax credits, and other tax-saving laws which have been on the...

Norman Posner co-chair of JCHE Jubilee 50 Year Celebration

By Norman Posner | November 23, 2015

Norman Posner, CPA, Shareholder of Samet, co-chaired the Jewish CommunityHousing for the Elderly (JCHE) Jubilee Celebrating 50 Years with Merle Grandberg (pictured left). The event raised a record amount for...

Samet Named To The 2015 INSIDE Public Accounting Best of the Best Firms to Watch List

By Samet CPA | October 14, 2015

Samet is proud to announce that it has been named to INSIDE Public Accounting’s Best of the Best Firms to Watch list for 2015. INSIDE Public Accounting’s (IPA’s) annual Best of the...

Transportation Act contains Important Changes to Tax Return Due Dates

By Samet CPA | August 10, 2015

On July 31, 2015, President Obama signed into law P.L. 114-41, the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.” Although this new law was primarily designed...

Non-profit Financial Statement Presentation Expected to Change

By Samet CPA | June 29, 2015

A change in financial presentation is coming for all non-profits. While the details open for comment, generally the sentiment of the change will be related to how non-profits present information on...

Required Employee Benefit Plan Fee Disclosures

By Samet CPA | May 18, 2015

This post is part of a larger Plan Sponsor’s Guide to 401(k) and 403(b) plans. Read the full guide. Plan sponsor/Service provider Initial disclosure: Required within a reasonable period before...

Samet walks for Epilepsy New England

By Samet CPA | May 18, 2015

Epilepsy New England hosted its 22nd Annual Boston Walk for Epilepsy, the organization’s largest fundraising walk of the year. Samet sponsored the event and was represented by a team...

Samet shareholders in Scotland

By Samet CPA | May 6, 2015

Samet Shareholders, Randy Smith and Norman Posner, visited Edinburgh, Scotland for a TIAG conference this month where they had the opportunity to dress in traditional Scottish attire. Looking good gentlemen!

Are you a Fiduciary? You might be and not even know it.

By Samet CPA | May 4, 2015

This article is part of a Plan Sponsor’s Guide to 401(k) and 403(b) Plans. Download it today! Are you a Fiduciary? You might be and not even know it. The...

19 Top Employee Benefit Plan Failures

By Samet CPA | April 13, 2015

This list is part of a larger report on employee benefit plans that can be found HERE. In no particular order, here are 19 top plan failures for employee benefit...

8 Ways to Increase 401(k) Plan Participation and Why It’s Important

By Samet CPA | April 1, 2015

This article is part of Samet’s Plan Sponsor’s Guide to 401(k) and 403(b) Plans. Find the full Guide here. Plan administrators may be noticing a lower than expected participation rate...

Jay Kessler Presented at Boston Fiduciary Summit for 401(k) Plan Sponsors

By Samet CPA | March 26, 2015

On Wednesday, March, 24, Jay Kessler presented at the Boston Fiduciary Summit at the UMASS Club in Boston. Jay talked about the difference between an IRS audit and a DOL...

TIR 15-2 Limited Amnesty for Taxpayers with Certain Liabilities

By Samet CPA | March 23, 2015

Status: TIR; Issued Tax types: Corporate Excise, Estate Tax, Fiduciary Income Tax, Use Tax on Motor Vehicles Summary: This TIR explains a 60-day amnesty period beginning on March 16 and...

New Reporting Requirements for Cross-Border Transactions

By Samet CPA | March 16, 2015

Do you conduct business with foreign businesses? If so, you may have a new reporting requirement under the Foreign Account Tax Compliance Act (FATCA) rules that went into effect on...

BBJ list of Largest Accounting Firms ranks Samet as 28

By Samet CPA | March 9, 2015

In the list published on March 6, Samet ranked 28th among its public accounting firm peers with 49 employees.

Samet releases Plan Sponsor's Guide to 401(k) and 403(b) Plans 2014 Edition

By Samet CPA | March 9, 2015

Each year, under the leadership of managing shareholder and employee benefit audit specialist, Jay Kessler, Samet publishes a Plan Sponsor’s Guide to 401(k) and 403(b) Plans based in its decades of...

Connecticut Business Entity Tax must be paid again in 2015

By Samet CPA | February 26, 2015

The Connecticut Business Entity Tax must be paid again in 2015. The tax is due every other year, so no tax was paid in 2014. The amount of the tax...

Samet Celebrity Sighting!

By Samet CPA | February 26, 2015

Jay Kessler, managing shareholder, and Joe Goldberg, manager, had the pleasure of meeting Cedric Maxwell, a retired Celtics star turned radio broadcaster, at a recent game.

NECN interviews Norman Posner about Costly Tax Mistakes to Avoid

By Norman Posner | February 23, 2015

Norman Posner, shareholder, was interviewed by Peter Howe of NECN on Costly Tax Mistakes to Avoid for the station’s Money Saving Mondays series. View the full video here: If...

Should You Forgo a Personal Exemption So Your Child Can Take the American Opportunity Credit?

By Samet CPA | February 18, 2015

If you have a child in college, you may not qualify for the American Opportunity credit on your 2014 income tax return because your income is too high (modified adjusted...

Massachusetts DOR Issues Proposed Regulation- Market Based Sourcing

By Samet CPA | February 16, 2015

Massachusetts tax law was changed for tax years beginning on or after January 1, 2014 to require a multi-state taxpayer to apportion their receipts from services based on where the...

Helen Schussler Awarded Certified Estate Planner Designation

By Samet CPA | February 4, 2015

Our Tax Manager, Helen Schussler, has been awarded the CEP designation from the National Institute of Certified Estate Planners. Helen has over 15 years of experience in working with families...

Jay Kessler asked to return as speaker for Boston Fiduciary Summit

By Samet CPA | February 2, 2015

Jay Kessler, Managing Shareholder, has been asked to return as a speaker at the 2015 Boston Fiduciary Summit on March 25. The summit is an educational workshop for CFOs, Human...

Client open house event photos

By Samet CPA | January 26, 2015

Thank you to all who attended our event!

CPAs – Are You Ready For Tax Season?

By Samet CPA | January 21, 2015

Our own Cathy Dana and Helen Schussler were published by the Massachusetts Society of CPAs for their article “Are YOU ready for tax season? 6 Tips for Massachusetts CPAs” giving advice...

IRS Standard Mileage Rates for Your 2015 Taxes

By Samet CPA | January 12, 2015

The standard mileage rates for the use of a car, van, or pickup truck in 2015 are: 57.5 cents per mile for business miles driven, up 1.5 cents from 2014...

Tax Changes for Businesses and Health Plans Taking Effect in 2015

By Samet CPA | January 5, 2015

There are many important tax changes taking effect in 2015. They are the result of the Tax Increase Prevention Act of 2014 (TIPA) as well as other tax legislation, or...

Tax Planning 2014: 10 Tax Planning Strategies for Businesses & Business Owners

By Samet CPA | December 15, 2014

In case you missed it, please read our recent tax planning articles, Tax planning 2014: If and When Congress Decides to Act and Tax Planning 2014: 15 Tax Planning Strategies for...

Tax Planning 2014: 15 Tax Planning Strategies for Individuals

By Samet CPA | November 26, 2014

If you missed it, please review our recent article, Tax planning 2014: If and When Congress Decides to Act, which outlines the tax breaks that Congress has on its docket...

Tax planning 2014: If and When Congress Decides to Act

By Samet CPA | November 26, 2014

Update: In summary, everything that was in limbo has passed (once it has the President’s signature). On December 16, Congress passed a tax extender package, known as the “Tax Increase...

Kristie Cotter CPA Interviewed By Alma Mater NCC

By Samet CPA | November 17, 2014

Kristie Cotter, CPA, a Director with Samet, was interviewed by her alma mater, North Central College in Naperville, IL. The college considers hers an alumni success story. She didn’t always...

Samet Shareholders Attend TIAG International Conference in Hong Kong

By Samet CPA | October 27, 2014

John Czyzewski, co-managing shareholder, and Norman Posner, shareholder at Samet & Company PC recently attended TIAG’s 31st international conference in Hong Kong. The conference, which took place on October 20...

Edgar Allan Poe Foundation Statue Unveiling

By Samet CPA | October 6, 2014

Norman Posner, shareholder, attended the ceremony for the unveiling of the Edgar Allan Poe statue by Stefanie Rocknak. This statue was commissioned by the non-profit, The Edgar Allan Poe Foundation of...

Jay Kessler Participates in Juvenile Diabetes Walk Boston

By Samet CPA | October 1, 2014

On September 27, 2014, co-managing shareholder, Jay Kessler participated in the JDRF Walk for juvenile Diabetes. His team, Natalie’s Neighborhood, collectively raised over $5,000.

Be Aware – That Caller May NOT be from the IRS

By Samet CPA | September 24, 2014

There are stories every day of scammers calling or emailing individuals and business owners pretending to be from the IRS and making dramatic claims of investigations and penalties. It can be stressful...

Congratulations to Joe Goldberg on His Wedding Day

By Samet CPA | September 15, 2014

Samet manager, Joe Goldberg, and Meghan Albert married in Newport, RI on Saturday, September 13. All of us at Samet send heartfelt best wishes to the couple.

How to Protect Yourself From Underpayment Penalties

By Samet CPA | September 10, 2014

You can be subject to penalties if you don’t pay enough tax during the year through estimated tax payments and withholding. Here are some strategies to protect yourself: Know the...

What’s the Difference Between a Compilation, Review, Audit?

By Samet CPA | September 5, 2014

The three basic levels of financial statement services are compilation, review, and audit. There are other steps/procedures involved in all levels, but this is a basic summary: A Compilation provides...

Top Takeaways from 2014 Boston Fiduciary Summit

By Samet CPA | August 11, 2014

Jay Kessler was a keynote speaker at the July 2014 Boston Fiduciary Summit. This event was held for the benefit of employee benefit plan fiduciaries to learn trends and best...

Jay Kessler Speaks at 2014 Boston Fiduciary Summit

By Samet CPA | July 16, 2014

On July 17, Jay Kessler will speak at the Boston College Club for an audience of CFOs, HR Directors, business owners, and fiduciaries of employee benefit plans. Topics to...

TIAG Alliances 2014 Mid-Year Report released

By Samet CPA | July 16, 2014

View the TIAG Alliances 2014 Mid-Year Report Excerpt from the report: As we pass the mid-year point in 2014, we can report very good progress on many fronts. Our recruiting...

Samet & Company, PC Creates New Director Role and Promotes Three

By Samet CPA | July 1, 2014

July 1, 2014 – Chestnut Hill, MA, USA – To recognize the next generation of leaders in the firm, Samet & Company, PC has created a new role at the...

Samet & Company PC Attends TIAG International Conference in Miami

By Samet CPA | May 19, 2014

Samet shareholders John Czyzewski, and Norman Posner recently attended TIAG’s International Conference in Miami. The conference, which took place on May 5th through 7th, provided TIAG® members with the opportunity to...

It’s Not Too Late To Make A 2013 Contribution To An IRA

By Samet CPA | April 9, 2014

Tax-advantaged retirement plans allow your money to grow tax-deferred — or, in the case of Roth accounts, tax-free. But annual contributions are limited by tax law, and any unused limit...

Your 2013 Return May Be Your Last Chance For 2 Depreciation-Related Breaks

By Samet CPA | April 9, 2014

If you purchased qualifying assets by Dec. 31, 2013, you may be able to take advantage of these depreciation-related breaks on your 2013 tax return: 1. Bonus depreciation. This additional...

2013 Higher Education Breaks May Save Your Family Taxes

By Samet CPA | April 9, 2014

Tax credits can be especially valuable because they reduce taxes dollar-for-dollar; deductions reduce only the amount of income that’s taxed. A couple of credits are available for higher education expenses:...

Jeff Swersky re-joins Samet as Shareholder

By Samet CPA | March 7, 2014

Jeffrey Swersky, CPA, MBA, MST re-joins Samet & Company, PC as a shareholder of the firm. Most recently Swersky was a shareholder with Braver PC, a Needham based CPA firm....

Samet & Company, PC Announces New Co-Managing Shareholders

By Samet CPA | December 6, 2013

Jay Kessler and John Czyzewski named CPA firm’s next generation of leadership. Pictured above: John Czyzewski, Norman Posner, Jay Kessler The public accounting firm, Samet & Company, PC, today announces...