Recent Posts
By Edelstein on March 3, 2022
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
READ MORE
Posted In: Awards
By Edelstein on March 2, 2022
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
READ MORE
Posted In: Alerts & Advisories
By Edelstein on March 1, 2022
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
READ MORE
Posted In: Alerts & Advisories
By Edelstein on February 28, 2022
The first page of audited financial statements is the auditor’s report. This is an important part of the financials that shouldn’t be overlooked. It contains the audit opinion, which indicates whether the financial statements are
READ MORE
Posted In: Alerts & Advisories
By Edelstein on February 23, 2022
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax return. And in some cases, even if it’s
READ MORE
Posted In: Alerts & Advisories
By Edelstein on February 16, 2022
If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing status results in the lowest
READ MORE
Posted In: Alerts & Advisories
By Edelstein on February 15, 2022
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still
READ MORE
Posted In: Alerts & Advisories
By Edelstein on February 14, 2022
Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. This year, take your financial data beyond compliance. Here’s how financial statements can be used to be proactive, not
READ MORE
Posted In: Alerts & Advisories
By Edelstein on February 11, 2022
On February 7, 2022, the IRS announced that they would be transitioning away from the use of a third-party verification that would use facial recognition. The decision was made to prevent delays in tax filing
READ MORE
Posted In: Alerts & Advisories
By Edelstein on February 7, 2022
Footnotes appear at the end of a company’s audited financial statements. These disclosures provide insight into account balances, accounting practices and potential risk factors — knowledge that’s vital to making well-informed lending and investing decisions.
READ MORE
Posted In: Alerts & Advisories