Archive for October, 2020

Emerging Tax Alert- What do the 2021 cost-of-living adjustment numbers mean for you?

The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for inflation, but some remained at 2020 levels. As you implement 2020 year-end tax planning strategies,

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Posted In: Alerts & Advisories

Jason Pierce Article Published in The Value Examiner

Business Valuation & Forensic Accounting Partner, Jason Pierce, wrote an article to be published in the September/October 2020 edition of The Value Examiner.  The article, “Profit Margin Adjustments: The Fine Line Between Supporting a Conclusion

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Posted In: Articles

Accounting & Audit Alert- Best practices when forecasting cash flow

Cash flow is a top concern for most businesses today. Cash flow forecasts can help you predict potential shortfalls and proactively address working capital gaps. They can also help avoid late payments, identify late-paying customers

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Posted In: Alerts & Advisories

Massachusetts Announces Grant Program for Small Businesses

On Thursday October 22, 2020, Massachusetts Governor Charlie Baker announced $50.8 million in grants for small businesses as part of the state’s COVID-19 recovery plan. The funds will be administered by the Massachusetts Growth Capital

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Posted In: News

Emerging Tax Alert- Year-end tax planning strategies must take business turbulence into account

Election years often lead to uncertainty for businesses, but 2020 surely takes the cake when it comes to unpredictability. Amid the chaos of the COVID-19 pandemic, the resulting economic downturn and civil unrest, businesses are

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Posted In: Alerts & Advisories

Edelstein Announces Promotions at Multiple Levels

Earlier this week, Edelstein announced promotions at multiple levels of the firm. The following team members were promoted: Anthony Capobianco, Audit Manager Patrick Coughlin, Healthcare Senior Associate Brendan Coverdill, Audit Senior Associate Matthew Hoisl, Healthcare

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Posted In: News

2020-2021 Tax Planning Guide Released

Do your tax strategies need a refresh? With individuals and businesses coping with the impact of the COVID-19 pandemic and some new tax laws going into effect, you probably have questions about tax planning this

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Posted In: Resources

Tax Alert- Buying and selling mutual fund shares: Avoid these tax pitfalls

If you invest in mutual funds, be aware of some potential pitfalls involved in buying and selling shares. Surprise sales You may already have made taxable “sales” of part of your mutual fund investment without

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Posted In: Alerts & Advisories

Marc Bello to be on the Faculty for MCLE’s ‘Trying Divorce Cases’

On Friday, October 23, 2020, Business Valuation & Forensic Accounting Partner, Marc Bello, will be on the faculty for the Massachusetts Continuing Legal Education’s (MCLE) ‘Trying Divorce Cases’ program. Items on the agenda include: Analyzing

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Posted In: Events

Accounting & Audit Alert- Avoiding conflicts of interest with auditors

A conflict of interest could impair your auditor’s objectivity and integrity and potentially compromise you company’s financial statements. That’s why it’s important to identify and manage potential conflicts of interest. What is a conflict of

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Posted In: Alerts & Advisories