Posts Tagged ‘accounting boston’

Accounting & Audit Alert- GAAP vs. tax-basis: Which is right for your business?

Most businesses report financial performance using U.S. Generally Accepted Accounting Principles (GAAP). But the income-tax-basis format can save time and money for some private companies. Here’s information to help you choose the financial reporting framework

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Posted In: Alerts & Advisories

Tax Alert- Small businesses: Stay clear of a severe payroll tax penalty

One of the most laborious tasks for small businesses is managing payroll. But it’s critical that you not only withhold the right amount of taxes from employees’ paychecks but also that you pay them over

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How to keep track of small tools and equipment

Whether it’s hard hats and drills on a jobsite, iPads in an office or RFID readers in a warehouse, small tools and equipment have a tendency to disappear at many companies. The cost of lost,

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Reasons why cash is king

In financial reporting, investors and business owners tend to focus on four key metrics: 1) revenue, 2) net income, 3) total assets and 4) net worth. But, when it comes to gauging short-term financial performance

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Posted In: Alerts & Advisories

Tax Alert- Uncle Sam may provide relief from college costs on your tax return

We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state students at public four-year universities

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Getting a handle on intangibles

The average company’s balance sheet understates its value by 80%, according to Sarah Tomolonius, co-founder of the Sustainability Investment Leadership Council. Why? Intangible assets aren’t recorded on the balance sheet under U.S. Generally Accepted Accounting

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Reporting discontinued operations

Financial reporting generally focuses on the results of continuing operations. But sometimes businesses sell (or retire) a product line, asset group or another component. In certain situations, such a disposal should be reported as a

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Posted In: Alerts & Advisories

Job Openings at Edelstein

We’re hiring here at Edelstein!  We provide a variety of services to a vast array of clients and we want you to join our team.  We’re invested in our clients, our staff, our profession and

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Posted In: Alerts & Advisories, News

Accounting & Audit Alert- Attention: Accounting rule delays in the works

On July 17, the Financial Accounting Standards Board (FASB) voted to issue a proposal that would delay several landmark accounting rules for certain companies. If finalized, the deferral would apply to new guidance for reporting

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Posted In: Alerts & Advisories, News

IRS & Treasury urge updated W-4 filing

For 2018 tax filings, the United States Treasury estimated that about 30 million taxpayers, or 21% of total taxpayers, would be under withheld through their wages, due to the change in tax laws*. The Internal

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Posted In: Alerts & Advisories, News, Resources