Recent Posts

Edelstein To Close Offices From July 5 Through July 9

In observance of Independence Day and in recognition of the hard work our team put in with the extended deadlines and changing regulatory rules, Edelstein will be closing our offices from July 5 to July

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Posted In: News

Accounting & Audit Alert- Follow the cutoff rules for revenue and expenses

Timing counts in financial reporting. Under the accrual method of accounting, the end of the accounting period serves as a strict “cutoff” for recognizing revenue and expenses. However, during the COVID-19 pandemic, managers may be

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Accounting methods: Private companies have options

Businesses need financial information that’s accurate, relevant and timely. The Securities and Exchange Commission requires publicly traded companies to follow U.S. Generally Accepted Accounting Principles (GAAP), often considered the “gold standard” in financial reporting in

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Posted In: Alerts & Advisories

Tax Alert- Tax-favored ways to build up a college fund

If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Accounting estimates present challenges in times of uncertainty

In today’s unprecedented market conditions, it can be challenging to predict metrics that underlie your company’s accounting estimates. Examples of key “unknowns” include how much longer certain pandemic issues will continue, how federal stimulus spending

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Posted In: Alerts & Advisories

Marc Bello to be Panelist on Town Hall with Family Law Colleagues

On Tuesday, June 15, 2021, Business Valuation & Forensic Accounting Partner, Marc Bello, will be a panelist on the Greater Newburyport Bar Association’s Town Hall with Family Law Colleagues. The program will be a hybrid

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Posted In: Events

Accounting & Audit Alert- Hit or miss: Is your working capital on-target?

Working capital equals the difference between current assets and current liabilities. Organizations need a certain amount of working capital to run their operations smoothly. The optimal (or “target”) amount of working capital depends on the

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Posted In: Alerts & Advisories

May 2021 at Edelstein

We are heading into summer and Edelstein wanted to take a break to reflect on May. Watch the video below to see what Edelstein was up to. Watch our April at Edelstein video, here.

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Posted In: Videos

Tax Alert- Home sales: How to determine your “basis”

The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis.” How it works You can claim an

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How to strengthen your internal controls

Internal controls are a system of policies and procedures organizations put in place to protect assets and improve operating efficiency. Effective internal controls are critical to accurate financial reporting. A solid system of controls can

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Posted In: Alerts & Advisories