Archive for February, 2023

Edelstein’s Joanna Lambert Sponsoring Project for Boston University’s School of Public Health

Led by Joanna Lambert, Healthcare Management Consultant, Edelstein is sponsoring a semester-long project for Boston University’s School of Public Health. Joanna is working with six graduate students on a business plan to expand our Healthcare

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Posted In: Sponsorships

Accounting & Audit Alert- Use visual aids to enhance financial reporting

Graphs, charts, tables and other data visualizations can be inserted in your financial statement disclosures to improve transparency and draw attention to key accomplishments. As your organization prepares its year-end or quarterly financials, consider presenting

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Posted In: Alerts & Advisories

Tax Alert- There still may be time to make an IRA contribution for last year

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you’re eligible, you can make a

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Posted In: Alerts & Advisories

Valuation Update: Massachusetts released Technical Information Release (TIR) 23-1: Tax Provisions in the Fiscal Year 2023 Budget, Including Massachusetts Personal Income Tax Code Update

Effective January 1, 2022, Massachusetts Income Tax Rules comply with the Federal Internal Revenue Code (“IRC”) amended as of January 1, 2022. This means that as of January 1, 2022, Massachusetts conforms with the current

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Posted In: Alerts & Advisories

Tax Alert- Child tax credit: The rules keep changing but it’s still valuable

If you’re a parent, you may be confused about the rules for claiming the Child Tax Credit (CTC). The rules and credit amounts have changed significantly over the last six years. This tax break became

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Coming soon: 5 accounting rules that take effect in 2023

It can be challenging to keep track of which accounting rules are changing, when the changes kick in and for which types of entities. Plus, implementing the necessary revisions to your organization’s procedures and systems

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Posted In: Alerts & Advisories

Critical Issues for Valuation of Privately Held Construction & Contracting Firms

Years of robust construction activity in Boston as well as in other Massachusetts’ economies has brought us numerous valuation and modeling projects focused in this space. Shareholder disputes, consulting projects and divorces alike have reinforced

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Posted In: Articles

Tax Alert- Retirement plan early withdrawals: Make sure you meet the requirements to avoid a penalty

Most retirement plan distributions are subject to income tax and may be subject to an additional penalty if you take an early withdrawal. What’s considered early? In general, it’s when participants take money out of

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Posted In: Alerts & Advisories