Recent Posts

Scott Kaplowitch in Wall Street Journal

Managing Partner Scott Kaplowitch was quoted in today’s Wall Street Journal article, “Divorced Couples, Put Aside Your Differences…for the Tax Break.”  The piece discusses how divorced couples often end up overpaying during the tax filing

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Posted In: Articles, News

March 2017 Nonprofit Newsletter

This month’s newsletter discusses whether your revenue is earned or contributed. Determining whether revenue is contributed or earned (also called an “exchange transaction”) is often clear cut. However, there are other times when the line to

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Posted In: Alerts & Advisories

Tax Alert- Who can — and who should — take the American Opportunity credit?

If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the

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Posted In: Alerts & Advisories

Tax Alert- 2016 IRA contributions — it’s not too late!

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions is April 18, 2017. If the contribution is deductible, it will lower your 2016 tax bill. But even if

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Posted In: Alerts & Advisories

Edelstein launches nonprofit industry podcast

Edelstein’s nonprofit partner Alfonso Perillo hosts this industry focused podcast where he’ll sit down with individuals from various professions with a focus on nonprofit organizations. In this first episode, Getting Your Nonprofit Audit In Gear,

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Posted In: Alerts & Advisories, Resources

Tax Alert- When an elderly parent might qualify as your dependent

It’s not uncommon for adult children to help support their aging parents. If you’re in this position, you might qualify for the adult-dependent exemption. It allows eligible taxpayers to deduct up to $4,050 for each

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Posted In: Alerts & Advisories

Industry Focus: Food & Beverage

View this content as a printable PDF here. INGREDIENTS MATTER (TM) We understand that operating a restaurant, franchise or brewery isn’t easy. The key ingredient for your success is to surround your business with advisors

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Posted In: Resources

Marc Bello to present Practical Tips for Managing Small Business Valuations

On Thursday, March 16, 2017, Marc Bello will present Practical Tips for Managing Small Business Valuations to the Greater Newburyport Bar Association. Bello, along with Laurie Tunick of Tunick Financial Services and Karen Galat of Newburyport

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Posted In: Events

Edelstein wins sixth Gold Building Impact Award

We’re proud to announce that we have won a Gold Impact Award for 2016 from Building Impact. Building Impact strengthens communities by providing individuals and companies with the knowledge and opportunity to volunteer, donate, and connect

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Posted In: Awards, News

Scott Kaplowitch in Accounting Today

Managing Partner, Scott Kaplowitch, was quoted in Accounting Today’s article, ‘To LLC or not to LLC: Entity choice and tax reform.’ Selecting the type of entity to use when setting up a business is a vastly

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Posted In: Articles