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

Samet Celebrates the 10/15 Deadline at Trillium Brewing

By Samet CPA | October 25, 2021

On Thursday, we celebrated the completion of another successful tax deadline at Trillium Brewing Company in Canton. Everyone had a blast unwinding, catching up, and of course sipping on some tasty beverages!...

Successful Strategies Create Successful Mergers

By Samet CPA | October 20, 2021

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The Basics of Estate Planning

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Samet Participates in The Boston House’s 25th Annual Golf Tournament

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On Tuesday, a few members of the Samet team headed north to Tedesco Country Club in Marblehead, MA for The Boston House’s 25th Annual Golf Tournament, where they sharpened their...

A New Chapter on College Financial Aid

By Samet CPA | October 7, 2021

Financially savvy parents of college students should generally take the time to complete the Free Application for Federal Student Aid (FAFSA) each year. Students must file their FAFSA for the 2022–2023...

Samet Participates in MSCPA Women’s Golf Outing

By Samet CPA | September 23, 2021

On Wednesday morning, the MSCPA held their 20th annual Women’s Golf Outing at Stow Acres Country Club. Risë Fanger, Patty Smith, and Jillian Lawless represented Samet at the tournament. Although...

20 FAQs About RMDs

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After a one-year hiatus due to the COVID-19 pandemic, owners of qualified retirement plans and IRAs must adhere to the rules for required minimum distributions (RMDs). The RMD rules are...

Retirement Savings: Are You Currently On Track?

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Learn the Tax Score for Fantasy Sports

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On Friday, a few associates welcomed the newest members of our team at a small outdoor gathering at Trillium Brewing in Fenway! We are excited to have several new faces...

Samet Participates in the MSCPA Karter Kup Tennis Scramble

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On Thursday, Teddy, Hannah, and Danny braved the heat and headed down to Newport, RI to participate in the MSCPA Karter Kup Tennis Scramble at the International Tennis Hall of...

Beware: Teleworking Arrangements May Cause State Tax Withholding Issues

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Curtailing Tax Surprises with Cyptocurrency

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As investing in Bitcoin, Dogecoin and other cryptocurrencies becomes increasingly popular, investors need to understand the potential tax ramifications. Unlike traditional currency, the IRS views cryptocurrency as property for federal...

Compensation vs. Dividends: Which Classification Is Appropriate?

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The U.S. Tax Court recently ruled that payments made to a corporate taxpayer’s three shareholders were dividends — not compensation for personal services rendered. The court’s reasoning also may be...

Samet July Promotions

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We are excited to announce that several members of the Samet team have been promoted this summer! Congratulations to Paul Ford, Olga Boric, Robert Dickson, Edward Hurst, Brooke Munafo, Hannah Riley, Destynee Teixeira and Claudia Volk on your achievements....

Samet Recognized in INSIDE Public Accounting’s Top 300 Firms of 2021 List

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Samet has been acknowledged in INSIDE Public Accounting’s 300 Firms list! IPA, the award winning newsletter for public accounting, annually recognizes the largest accounting firms by net revenue. The companies...

Building Block: Understanding the Alternate Valuation Date

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When an individual dies, the executor is faced with an important decision that has the potential to impact the taxes owed by the estate and its heirs.1 The executor will have...

Do You Owe the Nanny Tax?

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The COVID-19 pandemic has changed the dynamics of many households. In most cases, schools stopped or limited in-person instruction, causing many children to engage in at-home learning. Some families moved...

Qualifying for Tax Breaks for a Dependent Parent

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For many families, the tables may turn, and adult children provide financial support for their parents. For example, you might have moved your in-laws from a long-term care facility into...

7 Valuable Deductions for Self-Employed Individuals

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If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you’re looking to fulfill a lifelong dream...

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How Landlords Can Cope with Pandemic Fallout

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Succeeding At Business Succession

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Inc magazine reported that sixty-six percent of small-business owners have no formal succession plan.1 While the number may shock you, it probably doesn’t surprise you since so many small business owners are...

Don’t Overlook a Roth IRA if You Are Self-Employed

By Samet CPA | May 13, 2021

Saving for retirement on a tax-advantaged basis should be on nearly everyone’s financial “to do” list, though in this current economic crisis, you may need to put it on the...

Six Key Tax Breaks that Homeowners May Be Able to Claim

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The days of classic “tax shelters”— such as cattle breeding or oil drilling deals — are long gone. But at least one major tax shelter is still standing: Your home....

Know Your OSHA Obligations if COVID-19 Strikes Your Business

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Tax Planning When Saving for Your Kids’ Education

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The Evolution of the Employee Retention Credit

By Samet CPA | April 14, 2021

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On March 20, the MSCPA held their first virtual 5k walk/run. The organization raised a total of $3,013.43, which will help fund future scholarships and CPA Exam vouchers. Of...

Big Changes to the Child Credit for 2021

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The American Rescue Plan Act (ARPA) was signed into law on March 11, 2021. The new law will provide roughly $1.9 trillion in much-needed financial relief to individuals, businesses, not-for-profit organizations,...

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By Samet CPA | March 22, 2021

On Saturday, several members of our team sprung into action and welcomed spring by participating in the MSCPA Virtual 5k Fundraiser. Below are a couple of photos from team members in...

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By Samet CPA | March 8, 2021

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The Biden Administration announced changes to the Paycheck Protection Program (PPP) to increase lending to smaller businesses and help ensure equitable distribution of loans to them. But qualified businesses may...

Samet Featured in TAG Alliances Annual Review 2020

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Ways to Fully Deduct Business-Related Meals

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Restaurants have struggled mightily during the COVID-19 pandemic. Thankfully, they’re specifically targeted for a new tax relief measure found in the massive Consolidated Appropriations Act (CAA), which became law on December...

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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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Shawn Huxley Becomes ERISA Accounting and Auditing Committee Co-Chair

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The Tax Implications of Closing a Schedule C Business

By Samet CPA | January 7, 2021

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Theodore Samet Passes Away at Age 96

By Samet CPA | January 5, 2021

It is with great sadness that we announce the passing of Theodore Samet, the founder of Samet & Company. Ted’s undeniable drive, love for accounting, and commitment to clients and...

Samet 2021 Promotions

By Samet CPA | January 4, 2021

We are ringing in the New Year with several Samet promotions! Congratulations to Taylor Nettleship, Rise Fanger, James Alexander, Erin Kirkaldy, Libby Gajewski, Anthony Lorusso, Hayley Payne, and Sarina Shinko....

Samet Makes Forbes List of America’s Best Tax and Accounting Firms for 2021

By Samet CPA | December 17, 2020

We are proud to announce that Samet was named to the Forbes list of America’s Best Tax and Accounting Firms for 2021! For the second consecutive year, Forbes released this...

Should You Buy or Lease Equipment?

By Samet CPA | December 16, 2020

If your business is in a position to acquire equipment or machinery, management faces a tough decision: Should you lease it, or should you buy it? There’s no universal “right” answer....

Year-End Estate Planning Tips for 2020

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Most people aren’t currently exposed to the federal estate tax, thanks to the generous unified federal estate and gift tax exemptions. However, there are still good reasons to review your estate...

Be on High Alert for Ransomware Attacks

By Samet CPA | December 2, 2020

The FBI has warned of a staggering increase in ransomware attacks against businesses since the start of the COVID-19 pandemic. Here’s what business owners and managers should know about these attacks...

Samet’s Walking Competition and Fundraiser for T1D Comes to a Close

By Samet CPA | November 19, 2020

This year’s Juvenile Diabetes Research Foundation (JDRF) One Walk took place on November 1st, but the Samet staff decided to make it a month-long event in hopes to bring more awareness...

2020 Year-End Tax Planning Ideas for Small Businesses

By Samet CPA | November 18, 2020

Small business owners still have time to make tax planning moves to lower their 2020 federal income tax bills — and possibly lay the groundwork to save taxes in future years....

How to Save Taxes in 2020 and Beyond

By Samet CPA | November 10, 2020

It’s time to implement strategies to help reduce your 2020 federal income tax bill and position yourself for future tax savings. Here are some ideas to consider before year end. Gaming...

Samet Participates in JDRF Virtual One Walk

By Samet CPA | October 30, 2020

This fall, Samet is participating in the Juvenile Diabetes Research Foundation (JDRF) One Walk and joining them in their mission to create a world without type 1 diabetes. Samet’s managing...

Home Office Deductions in the COVID-19 Era

By Samet CPA | October 29, 2020

Have you been working from home during the COVID-19 crisis? Join the club. Approximately 42% of the American workforce is currently working from home full-time, according to a recent study by...

7 Expiring Tax Breaks for Individuals

By Samet CPA | October 14, 2020

Several significant federal tax breaks are set to expire at the end of 2020, unless Congress renews them. Lawmakers customarily extend these so-called “extender” provisions for another year or two, sometimes...

How the Current Tax Law Affects Charitable Giving from IRAs

By Samet CPA | October 7, 2020

For charitable donors, the Tax Cuts and Jobs Act (TCJA) provided some tax breaks and took away others. Here’s what charity-minded individuals need to know. Increased Charitable Deduction Limit Under prior...

You May Want to Separate Real Estate Assets from Your Business

By Samet CPA | September 23, 2020

Many companies choose not to combine real estate and other assets into a single entity. Perhaps the business fears liability for injuries suffered on the property. Or legal liabilities encountered by the company...

Taxes on Roth IRA Withdrawals Today

By Samet CPA | September 10, 2020

If you’re experiencing financial distress during the COVID-19 crisis, you might be thinking about tapping into your Roth IRA to improve your cash situation. But before withdrawing money from a Roth...

Back to the Future: Prior-Law Kiddie Tax Rates Retroactively Reinstated

By Samet CPA | August 26, 2020

Do your children or grandchildren receive unearned income from investments? Federal tax law contains provisions that are designed to prevent high-net-worth individuals from shifting investment income to children and young adults...

How to Avoid Penalties on Early Retirement Account Withdrawals

By Samet CPA | August 19, 2020

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Who Will Run Your Business After You?

By Samet CPA | August 5, 2020

If you’re a business owner, do you have a plan in place that names who’ll follow you as head of your company? You may feel you’re too busy running the business...

A Good Time for Making Tax-Smart Family Loans

By Samet CPA | July 22, 2020

During the COVID-19 crisis, you may want to loan money to a family member in need of financial assistance. However, before writing out a check, you should review the federal...

Five Reasons You May Still Need Life Insurance After Retirement

By Samet CPA | July 15, 2020

Every stage of life has its own unique financial planning and insurance needs and retirement is no different. If your life insurance policy hasn’t changed in twenty years, the coverage it...

Last-Minute Strategies for Businesses that Deferred Filing Tax Returns

By Samet CPA | July 7, 2020

During the COVID-19 crisis, some key tax deadlines were postponed until July 15, 2020. If your business and/or personal federal income tax return is still awaiting completion, you may have significant...

Plan for Employee Safety as Employees Return to Work

By Samet CPA | June 16, 2020

Chances are, employers don’t need the force of law to make them care about the health of their employees, especially during the novel coronavirus (COVID-19) pandemic. But it’s still important to...

Effects of COVID-19 on Retirement Plans

By Samet CPA | May 12, 2020

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

By James Alexander | March 11, 2020

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

With a year of the Tax Cuts and Jobs Act under their belts, practitioners are hopeful that this tax season will be more smooth sailing. In Accounting Today’s article, tax...

Responsibilities and Common Risk Areas of Fiduciaries

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

We are pleased to announce that our international alliance of independent accounting and professional services firms, TAG Alliances®, has been recognized by Accountancy Age as one of the top three accounting alliances...

Samet Creates Encouraging Cards for Children Fighting Cancer

By Samet CPA | December 10, 2019

This holiday season, we joined the Jessie Rees Foundation in their mission to help every kid fighting cancer to Never Ever Give Up. Throughout the month of November, we hosted...

Plan Eligibility Trends and Increasing Participation

By Shawn Huxley | November 21, 2019

The main reason employees participate in a benefit plan is to save for retirement. In a study conducted by Samet & Company, PC, based on employee benefit plans that were...

Josh Levine and Tom Attura Promoted to Managers

By Samet CPA | November 13, 2019

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...

Samet Hosts a JoyDrive for Children Battling Cancer

By Samet CPA | November 7, 2019

This holiday season, Samet is joining the Jessie Rees Foundation in their mission to encourage every child battling cancer to Never Ever Give Up, or “NEGU.” Jessie Rees was 11...

How to Land Your Dream Job According to Experts

By Samet CPA | October 14, 2019

When it comes to landing your dream job, there’s a lot more preparation required than simply wearing your best business attire. Samet’s Risë Fanger was quoted in an article on...

Fee Arrangements – Put a Process in Place

By Shawn Huxley | October 7, 2019

Plan sponsor and participant disclosures have raised the awareness of plan fees. Are the fees being charged prudent and the amount reasonable in light of the service being provided? Is...

Samet’s Sponsorship of the 2019 National Conversation on Board Diversity

By Samet CPA | September 23, 2019

We are pleased to announce that we will be sponsoring the 2019 National Conversation on Board Diversity, 2020WOB’s signature fundraising event. It is with great pride that we are part...

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...