Recent Posts

Accounting & Audit Alert- Overhead allocations: Rising costs require a fresh, disciplined mindset

From utilities and interest expense to executive salaries and insurance, many overhead costs have skyrocketed over the last few years. Some companies have responded by passing along the increases to customers through higher prices of

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Posted In: Alerts & Advisories

Edelstein Named as Top 200 Firm for Eighth Consecutive Year

We are proud to announce that Edelstein has again been named as one of the Top 200 (#162) accounting firms in the nation by Inside Public Accounting (IPA). Firms are ranked by U.S. net revenues

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Posted In: Awards

Edelstein Announces 2023 Promotions

On Monday, July 24, 2023, Edelstein announced the promotions of the following team members: Andrew Caggiano, Audit Senior Associate Brooke Schreib, Tax Supervisor Cameran Harrison, Tax Senior Manager Elissa Dukeshire, Tax Manager Emma Patterson, Tax

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Posted In: News

Accounting & Audit Alert- Selecting a qualified auditor for your employee benefit plan

Does your organization offer health care and retirement benefits for its employees? Benefit plans with 100 or more participants are generally required to have their annual reports audited under the Employee Retirement Income Security Act

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Receivables: Quality counts

For many companies, a significant line item on the balance sheet is accounts receivable. But can you take the amount reported at face value, or could there be more to the story? It’s important to

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Posted In: Alerts & Advisories

Tax Alert- Inheriting stock or other assets? You’ll receive a favorable “stepped-up basis”

If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. How do the rules work? Under the current fair market value basis rules

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Supplement your financial statements with timely flash reports

Timely financial information is critical to a successful business or nonprofit organization. In today’s dynamic marketplace, you may need to act fast to ward off potential threats and risks — and jump on new opportunities.

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Posted In: Alerts & Advisories

Tax Alert- Are you married and not earning compensation? You may be able to put money in an IRA

When one spouse in a married couple not earning compensation, the couple may not be able to save as much as they need for a comfortable retirement. In general, an IRA contribution is allowed only

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Is QuickBooks right for your nonprofit?

Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they still need to monitor their financial health — that is, how much funding is coming

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Posted In: Alerts & Advisories

Accounting & Audit Alert- FASB votes to exempt private companies from disaggregation of income statement project

Private companies can breathe a sigh of relief: The Financial Accounting Standards Board (FASB) and the Private Company Council have agreed to give them a pass on a coming proposal that, if approved, would require

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Posted In: Alerts & Advisories