Archive for September, 2021

Accounting & Audit Alert- Is it time to upgrade your accounting system?

Timely financial data is key to making informed business decisions. Unfortunately, it’s common for managers to struggle with their companies’ accounting systems to get the information they need, when they need it. Often, it takes

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Related-party transactions draw attention from auditors

Related-party transactions and financial connections are a normal part of operating a business. But these arrangements have gotten a bad rap because dishonest people sometimes use them to disguise poor performance or dishonest activities. So,

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Posted In: Alerts & Advisories

Introducing Edelstein’s New Payment Portal

As part of our commitment to client service, we are making changes to streamline our billing operations, while making your life easier! Today, Edelstein launched a new payment portal, Anduin. This will allow you to

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Posted In: Resources

Accounting & Audit Alert- Restating financial results

In the first half of 2021, there was a surge in financial restatements. The reason relates to guidance issued by the Securities and Exchange Commission, requiring special purpose acquisition companies (SPACs) to report warrants as

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Posted In: Alerts & Advisories

August 2021 at Edelstein

As we head closer to the conclusion of summer, Edelstein wanted to take a break to reflect on August. Watch the video below to see what we were up to.   Watch our July at

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Posted In: Videos

Accounting & Audit Alert- Best practices for reporting business-related T&E expenses

Many companies have resumed some level of business-related travel and entertainment (T&E) activities — or they plan to do so this fall. Unfortunately, these expense categories may be susceptible to incomplete recordkeeping and even fraud.

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Private companies: Are you on track to meet the 2022 deadline for the updated lease standard?

Updated accounting rules for long-term leases took effect in 2019 for public companies. Now, after several deferrals by the Financial Accounting Standards Board (FASB), private companies and private not-for-profit entities must follow suit, starting in

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Posted In: Alerts & Advisories

Tax Alert- You can only claim a casualty loss tax deduction in certain situations

In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter where you live, unexpected disasters may cause damage to your home or personal property. Before the

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Posted In: Alerts & Advisories