Archive for December, 2021

Tax Alert- Watch for IRS Letters on Credits

On December 22, 2021, the IRS announced that they will be sending letters to Advance Child Tax Credit (“CTC”) and Economic Impact Payment (“EIP”) recipients starting this December through January. The IRS letters will notate

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Posted In: Alerts & Advisories

Edelstein Included in Forbes’ List of Best Accounting and Tax Firms for 2022

On December 2, 2021, Forbes released their third annual list of America’s Best Tax and Accounting Firms. Forbes selected the recipients based on an independent survey and an online access panel of thousands of tax

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Posted In: Awards

Accounting & Audit Alert- Digitizing the accounts receivable process

While digitalization continues to take hold of the business world, the billing and collections functions for many organizations remain largely paper based. Businesses that automate the accounts receivable process may accomplish several operational and financial

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Coming soon: New accounting rule on government assistance disclosures

On November 17, the Financial Accounting Standards Board (FASB) issued a new accounting standard on disclosing certain types of government incentives that businesses receive to set up shop in a locality. The standard comes at

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Posted In: Alerts & Advisories

Tax Alert- Providing a company car? Here’s how taxes are handled

The use of a company vehicle is a valuable fringe benefit for owners and employees of small businesses. This perk results in tax deductions for the employer as well as tax breaks for the owners

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Posted In: Alerts & Advisories

November 2021 at Edelstein

Before we head too far into December, we wanted to take a moment to reflect on November. Watch the video below to see what we were up to. Watch our October at Edelstein video here.

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Posted In: Videos

Accounting & Audit Alert- Rolling forecasts provide flexibility in uncertain times

Forecasting how your company is likely to perform over the next year can be challenging, especially when it’s unclear where the markets are heading. But accurate forecasts are critical when managing a business. For example,

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Posted In: Alerts & Advisories

Annual State of the Firm: Making Connections

Annually, we host our State of the Firm meeting in which the entire firm comes together to reflect on our past year and look forward to the next.  This year, many aspects of our event

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Posted In: Events

Jesse Gillett Promoted to Partner

At Edelstein’s annual State of the Firm, we announced the promotion of Jesse Gillett to Partner, effective January 1, 2022. Jesse joined Edelstein in 2015 and is part of our Business Valuation & Forensic Accounting

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Posted In: News

Tax Alert- With year-end approaching, 3 ideas that may help cut your tax bill

If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes

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Posted In: Alerts & Advisories