Recent Posts

Edelstein Announces Additional Investments in People and Processes

At Edelstein’s recent Quarterly Firm Wide Meeting, Chief Operating Officer, Michelle Walsh, announced a new series of investments that the firm has made in our team and firm processes. People focused investments expanded employee benefits

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Posted In: Events

Accounting & Audit Alert- Private business owners: Don’t wait until year end to evaluate financial performance

How often does your company generate a full set of financial statements? It’s common for smaller businesses to issue only year-end financials, but interim reporting can be helpful, particularly in times of uncertainty. Given today’s

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Posted In: Alerts & Advisories

Tax Alert- Social Security benefits: Do you have to pay tax on them?

Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they receive. If you’re wondering whether you’ll be taxed on your Social Security

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Dig deeper! Find hidden treasure in financial statement footnotes

Numbers tell only part of the story. Comprehensive footnote disclosures, which are found at the end of reviewed and audited financial statements, provide valuable insight into a company’s operations. Unfortunately, most people don’t take the

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Posted In: Alerts & Advisories

MassCPAs Provided Industry Update at Edelstein’s Firm Wide Meeting

On May 23, 2022, Edelstein hosted our quarterly firm wide meeting for our team members. Zach Donah, Senior Director of Advocacy, and Kara Kieran, Chief Operating Officer, joined us from the MassCPAs to provide an

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Posted In: Events

Tax Alert- Is it a good time for a Roth conversion?

The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this decline may provide a valuable opportunity: It may allow you

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Contingent liabilities: To report or not to report?

Disclosure of contingent liabilities — such as those associated with pending litigation or government investigations — is a gray area in financial reporting. It’s important to keep investors and lenders informed of risks that may

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How inflation could affect your financial statements

Business owners and investors are understandably concerned about skyrocketing inflation. Over the last year, consumer prices have increased 8.3%, according to the latest data from the U.S. Bureau of Labor Statistics. The Consumer Price Index

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Posted In: Alerts & Advisories

Tax Alert- IRA charitable donations: An alternative to taxable required distributions

Are you a charitably minded individual who is also taking distributions from a traditional IRA? You may want to consider the tax advantages of making a cash donation to an IRS-approved charity out of your

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Forecasts vs. projections: What’s the big difference?

Financial statements look at historical performance. But there are times when you want forward-looking reports to help your business make strategic investment decisions, evaluate the viability of a turnaround plan or apply for a loan.

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Posted In: Alerts & Advisories