Archive for February, 2018

Emerging Tax and Regulations Alert- Home equity borrowers get good news from the IRS

Passage of the Tax Cuts and Jobs Act (TCJA) in December 2017 has led to confusion over some of the changes to longstanding deductions, including the deduction for interest on home equity loans. In response,

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Posted In: Alerts & Advisories

Tax Alert- Sec. 179 expensing

Sec. 179 expensing provides small businesses tax savings on 2017 returns — and more savings in the future If you purchased qualifying property by December 31, 2017, you may be able to take advantage of

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Posted In: Alerts & Advisories

Accounting & Audit Alert- What is job cost reporting?

Custom jobs require ongoing supervision to achieve the best financial results. Whether you’re a general contractor constructing a strip mall, a manufacturer building made-to-order parts or an architect drawing up blueprints, once a project is

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Posted In: Alerts & Advisories

Tim O’Connor and Jason Pierce presents to Mass Bar Association

Last month, partner Tim O’Connor and principal Jason Pierce were panelists at the Massachusetts Bar Association’s Impactful and Imperative: Tax Reform Law & Divorce presentation.  They joined members of the bar to discuss how the newly announced

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Posted In: Events, News

Tax Alert- Tax deduction for moving costs: 2017 vs. 2018

If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return — even if you don’t itemize deductions. (Or, if your employer reimbursed you

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Posted In: Alerts & Advisories

Accounting & Audit Alert-For-profit vs. not-for-profit financial reporting goals

As the term suggests, for-profit companies are driven primarily by one goal — to maximize profits for their owners. Nonprofits, on the other hand, are generally motivated by a charitable purpose. Here’s how their respective

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Posted In: Alerts & Advisories

Tax Alert- Families with college students may save tax on their 2017 returns

Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Fixed vs. variable costs: How to compute breakeven

Breakeven analysis can be useful when investing in new equipment, launching a new product or analyzing the effects of a cost reduction plan. The breakeven point is fairly easy to calculate using information from your

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Posted In: Alerts & Advisories

Edelstein Celebrates 50- Our Firm Growth

This is an exciting time to reflect on our firm growth.  With the release of the annual Boston Business Journal Book of Lists, we eagerly reflect upon where our firm has come from and envision

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Posted In: News

Marc Bello in Accounting Today

Earlier this week, Business Valuation partner Marc Bello was quoted in an Accounting Today article entitled, ‘Tax Reform Complicates Divorce.’  Bello shares his expert insight and foresees a push to get divorces finalized before year’s end.  “Just

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Posted In: Articles, News