Recent Posts

Accounting & Audit Alert- Assessing and mitigating key person risks

Auditing standards require a year-end risk assessment. One potential source of risk may be a small business’s reliance on the owner and other critical members of its management team. If a so-called “key person” unexpectedly

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Posted In: Alerts & Advisories

TaxCaddy: 5 Ways it simplifies tax time

For years, you’ve trusted us to provide tax and accounting services and expert guidance. Like many other businesses, we are restructuring our daily operations to allow the firm’s staff to work remotely and account for

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Posted In: Alerts & Advisories

Edelstein is Hiring

Edelstein is hiring! Consider starting your year with a new career. Click here, to see what position aligns with you.

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Accounting & Audit Alert- Forecasting for 2021

Planning for what lies ahead is an important part of running a healthy business. Forecasting your company’s financial statements can help you manage inventory and other working capital accounts, offer competitive prices, identify impending cash

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Accounting & Audit Alert- New law provides option to delay implementing the updated CECL standard

The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures. One such measure allows certain banks and credit unions to temporarily postpone implementation of the controversial

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Senior Manager Promotions Spotlight

At our annual State of the Firm meeting in November, we announced the promotions of nonprofit manager, Willy Chan, tax manager Jonathan Liff, accounting & audit manager, Wendy McSheffrey, and accounting & audit manager, Omar

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Emerging Tax Alert- How can your business benefit from the Consolidated Appropriations Act?

The Consolidated Appropriations Act of 2021 (CAA) was signed into law in late December. The sprawling legislation contains billions of dollars in additional stimulus funding in response to the COVID-19 pandemic, as well as numerous

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Posted In: Alerts & Advisories

Emerging Tax Alert- The Consolidated Appropriations Act brings COVID-19 relief (and more) to individuals

President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Red flags of debtors

Unfortunately, many businesses have experienced problems with collections during the COVID-19 pandemic. Accounts receivable are a major item on most companies’ balance sheets. Slow-paying — or even nonpaying — customers or clients adversely affect cash

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Posted In: Alerts & Advisories

Emerging Tax Alert – Congress passes COVID-19 aid package

After months of negotiations in Washington, an agreement has been struck on a new aid package to address the ongoing fallout from the COVID-19 pandemic. The legislation has been passed by both the U.S. House

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Posted In: Alerts & Advisories, News, Resources