Recent Posts

Edelstein Hosts Third Firm-Wide Diversity, Equity, & Inclusion Training

On January 12, 2022, Edelstein hosted our third firm-wide diversity, equity, and inclusion training, led by Jina Etienne, CPA, CGMA of Etienne Consulting. The presentation was titled, Strategy: Fostering Belonging to Drive Change. Team members

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Posted In: News

Tax Alert- How will revised tax limits affect your 2022 taxes?

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation.

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Reporting and managing inventory

Ineffective inventory management and reporting can result in bloated working capital and impaired business profits. In industries that rely on overseas suppliers, best practices for managing inventory may have recently changed. In today’s uncertain marketplace,

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Posted In: Alerts & Advisories

December 2021 at Edelstein

As we head into the New Year, Edelstein wanted to take a break to reflect on December. We concluded the year with some great happenings and are excited for the upcoming year. Watch the video

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Posted In: Videos

Tax Alert- Defer tax with a like-kind exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange where you exchange the

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Posted In: Alerts & Advisories

Accounting & Audit Alert- KPIs: What are they, and which ones count?

Management needs timely, accurate feedback to guide operating decisions, anticipate problems and take advantage of emerging opportunities. Unfortunately, comprehensive financial statements take a long time to generate. Reporting key performance indicators (KPIs) on a monthly

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Posted In: Alerts & Advisories

Tax Alert- Watch for IRS Letters on Credits

On December 22, 2021, the IRS announced that they will be sending letters to Advance Child Tax Credit (“CTC”) and Economic Impact Payment (“EIP”) recipients starting this December through January. The IRS letters will notate

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Posted In: Alerts & Advisories

Edelstein Included in Forbes’ List of Best Accounting and Tax Firms for 2022

On December 2, 2021, Forbes released their third annual list of America’s Best Tax and Accounting Firms. Forbes selected the recipients based on an independent survey and an online access panel of thousands of tax

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Posted In: Awards

Accounting & Audit Alert- Digitizing the accounts receivable process

While digitalization continues to take hold of the business world, the billing and collections functions for many organizations remain largely paper based. Businesses that automate the accounts receivable process may accomplish several operational and financial

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Coming soon: New accounting rule on government assistance disclosures

On November 17, the Financial Accounting Standards Board (FASB) issued a new accounting standard on disclosing certain types of government incentives that businesses receive to set up shop in a locality. The standard comes at

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Posted In: Alerts & Advisories