Archive for March, 2022

Accounting & Audit Alert- Timing counts: Reporting subsequent events

Major events or transactions — such as a natural disaster, a cyberattack, a regulatory change or the loss of a large business contract — may happen after the reporting period ends but before financial statements

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Posted In: Alerts & Advisories

Tax Alert- The tax rules of renting out a vacation property

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Eyes on related parties

Business transactions with related parties — such as friends, relatives, parent companies, subsidiaries and affiliated entities — may sometimes happen at above- or below-market rates. This can be misleading to people who rely on your

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Posted In: Alerts & Advisories

Edelstein Included as Top New England Firm

Edelstein is proud to announce that for the third consecutive year, we have been named as a Top Regional Leader for 2022 by Accounting Today. The list consists of 17 firms in New England in

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Posted In: Awards

Accounting & Audit Alert- New audit committee survey reveals trends on risks, ESG reporting and more

In late January, a survey entitled “Audit Committee Practices Report: Common Threads Across Audit Committees” was published by Deloitte and the Center for Audit Quality, an affiliate of the American Institute of Certified Public Accountants.

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Posted In: Alerts & Advisories

February 2022 at Edelstein

Before we know it, Spring will be here. But before that, Edelstein wanted to take a break to reflect on the last month. Watch the video below to see a summary of February at Edelstein.

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Posted In: News

2022 Largest Accounting Firms Announced

We are, once again, proud to announce that we have been named as a top firm in Massachusetts by the Boston Business Journal. Published on February 10, 2022, we are ranked as the 16th largest

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Posted In: Awards

Tax Alert- The election to apply the research tax credit against payroll taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex calculations, which we can take

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Are you ready for the new disclosure requirements for government assistance?

Starting in fiscal year 2022, all entities — except nonprofit organizations in the scope of Topic 958, Not-for-Profit Entities, and employee benefit plans — must provide detailed disclosures about government assistance. Here are the details

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Posted In: Alerts & Advisories