Archive for July, 2019
By Edelstein on July 31, 2019
Years ago, Congress enacted the “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. And while the tax caused some
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Posted In: Alerts & Advisories
By Edelstein on July 29, 2019
On July 17, the Financial Accounting Standards Board (FASB) voted to issue a proposal that would delay several landmark accounting rules for certain companies. If finalized, the deferral would apply to new guidance for reporting
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Posted In: Alerts & Advisories, News
By Edelstein on July 25, 2019
We’ve heard so many stories over the years from owners and executives who have called their friend in banking and found that their company’s valuation multiple should be “8 times EBITDA”, and then called their
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Posted In: Alerts & Advisories, Articles, News
By Edelstein on July 23, 2019
For 2018 tax filings, the United States Treasury estimated that about 30 million taxpayers, or 21% of total taxpayers, would be under withheld through their wages, due to the change in tax laws*. The Internal
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Posted In: Alerts & Advisories, News, Resources
By Edelstein on July 22, 2019
Failure to collect accounts receivable (AR) in a timely manner can lead to myriad financial problems for your company, including poor cash flow and the inability to pay its own bills. Here are five effective
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Posted In: Alerts & Advisories
By Edelstein on July 18, 2019
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation
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Posted In: Alerts & Advisories
By Edelstein on July 17, 2019
Every year, research firm Audit Analytics publishes a study about financial restatement trends. In 2018, the number of public companies that amended their annual reports increased by 18%. Many of these amendments were due to
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Posted In: Alerts & Advisories
By Edelstein on July 15, 2019
Last month, Edelstein partner, Jonathan Gorski, and Provident Healthcare Partners’, Eric Major, presented a webinar titled The State of the Ophthalmology Sector Five Years into Private Equity Investment. The webinar served to educate ophthalmologists and executives on
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Posted In: Alerts & Advisories, Resources, Videos
By Edelstein on July 11, 2019
On Wednesday, July 17, 2019, partners Marc Bello and Jason Pierce will present at the Family Law Financial Forensics conference put on by MCLE. The agenda includes: Discovery Issues: Use of Subpoenas, Depositions, and Experts, Interpreting
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Posted In: Events, Resources
By Edelstein on July 10, 2019
You may have to pay tax on Social Security benefits During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving
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Posted In: Alerts & Advisories