Archive for March, 2018

Tax Alert- Casualty losses

Casualty losses can provide a 2017 deduction, but rules tighten for 2018 If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your

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Posted In: Alerts & Advisories

Accounting & Audit Alert- How to find a pot of gold in your financials

Every business experiences occasional cash shortages. When this happens, owners often assume they should go out and sell more. But this strategy can sometimes compound money troubles over the short run. Why? The answer lies

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Posted In: Alerts & Advisories

Tax Alert- Size of charitable deductions depends on many factors

Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount

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Posted In: Alerts & Advisories

Greg Rogers in Accounting Today

Earlier this week, nonprofit principal Greg Rogers was quoted in the Accounting Today article, “New help for private foundations.” On February 9th, The Bipartisan Budget Act of 2018 was signed into law.  An exception was

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Posted In: News

Qualified Business Income Deduction

Tax Principal Emily Matthews wrote the below summary of the Deduction for Qualified Business Income, also known as Section 199A of the Tax Cuts & Jobs Act. Edelstein & Company has taken special interest in this section

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Posted In: News, Resources

Marc Bello and Jason Pierce to present at Family Law Financial Forensics conference

On Thursday, March 8th, Business Valuation partner Marc Bello and principal Jason Pierce will present at MCLE’s Family Law Financial Forensics 2018 conference. They will be joined by other industry experts to discuss the following agenda

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Posted In: Events

Accounting & Audit Alert- How to classify shareholder advances

Owners of closely held businesses sometimes need to advance their companies money to bridge a temporary downturn or provide extra cash flow for an expansion, a major expense or other purposes. Should you categorize those

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Posted In: Alerts & Advisories