Archive for Alerts & Advisories Category

Tax Alert- If your kids are off to day camp, you may be eligible for a tax break

Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You might be eligible for a tax break for

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Posted In: Alerts & Advisories

Emerging Tax Alert- Congress acts to reform the IRS, enhance taxpayer protections

The U.S. Senate has passed, and President Trump is expected to sign into law, a broad package of reforms aimed at the IRS. Among other things, the Taxpayer First Act contains several new protections for

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Posted In: Alerts & Advisories

Jonathan Gorski’s upcoming webinar with Provident Healthcare Partners

Join us for a complimentary webinar, Thursday, June 27th from 1:00-2:00pm EST.  Edelstein partner, Jonathan Gorski, and Provident Healthcare Partners’, Eric Major, will present The State of the Ophthalmology Sector Five Years into Private Equity

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Posted In: Alerts & Advisories, Events, Resources

Tax Alert- 2019 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply

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Posted In: Alerts & Advisories

Tax Alert- Donating your vehicle to charity may not be a taxwise decision

You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax

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Posted In: Alerts & Advisories

Accounting & Audit Alert- AUP engagements: A middle ground between audits and consulting services

Your CPA offers a wide menu of services. An audit is a familiar type of attestation service that provides a formal opinion about whether the company’s financial statements conform to U.S. Generally Accepted Accounting Principles

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Tax Alert- Moving for retirement? Don’t forget about taxes

When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. Don’t forget to factor state and local taxes into the equation. Establishing

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Posted In: Alerts & Advisories

Accounting & Audit Alert – Measuring “fair value” for financial reporting purposes

The standard for valuing certain assets and liabilities under U.S. Generally Accepted Accounting Principles (GAAP) is “fair value.” This differs from other valuation standards that may apply when valuing a security or business interest in

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Predicting future performance

CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future. Prospective reporting options There are three types of reports to choose from when predicting future

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Posted In: Alerts & Advisories

Tax Alert – Consider hiring your children this summer

If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, save for college and learn how

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Posted In: Alerts & Advisories