Archive for October, 2022

Tax Alert- Providing fringe benefits to employees with no tax strings attached

Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these benefits. Here are examples of

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Posted In: Alerts & Advisories

Tax Alert- Tax and other financial consequences of tax-free bonds

If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally provides tax-free interest on the federal (and possibly state) level, there may be

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Posted In: Alerts & Advisories

Accounting & Audit Alert- The future of the audit in 5 predictions

Technology is taking auditors into the 22nd century. While auditors are beginning to explore the possibilities afforded by technology, including predictive analytics and the cloud, expectations are changing quickly. Soon, investors and regulators alike will

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Posted In: Alerts & Advisories

Edelstein Receives 2021 Service Leader Award From Building Impact

Edelstein is honored to receive a Service Leader Impact Award from Building Impact, which recognizes our commitment to volunteerism and dedication to supporting local nonprofit organizations addressing critical social issue areas. We thank Building Impact

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Posted In: Awards

Marc Bello Included in Faculty for Upcoming MCLE Program

On Friday, October 14, 2022, Marc Bello, Business Valuation & Forensic Accounting Partner, will be included in the faculty on the Massachusetts Continuing Legal Education’s program, ‘Game-Changing Impact of Cavanagh on Determining Child Support &

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Posted In: Events

Accounting & Audit Alert- SEC Chair Gensler warns about conflicts of interest

Securities and Exchange Commission (SEC) Chair Gary Gensler spoke during a recent webcast to commemorate the 20-year anniversary of the Sarbanes-Oxley Act. Gensler recommended that the SEC take a “fresh look” at its rules on

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Posted In: Alerts & Advisories

Tax Alert- Investing in the future with a 529 education plan

If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans, named for the Internal Revenue Code

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Posted In: Alerts & Advisories

Emerging Tax Alert- Inflation Reduction Act expands valuable R&D payroll tax credit

When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health care provisions. But the law also enhances an often overlooked federal

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Posted In: Alerts & Advisories

Accounting & Audit Alert- FASB proposes last-minute changes to lease accounting rules

Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on their balance sheets — a historic first. For private companies and nonprofits, the changes take effect

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Posted In: Alerts & Advisories

Edelstein & Company LLP Becomes Independent Member of the BDO Alliance USA

Edelstein expands resources for clients and employees Boston, Massachusetts: Edelstein & Company is pleased to announce that we have joined the BDO Alliance USA, a nationwide association of independently owned local and regional accounting, consulting

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Posted In: News