Contributor: Eugene Borgonzi

Accounting & Audit Alert- Demystifying deferred taxes

Deferred taxes are a confusing topic — and the accounting rules for reporting these items often seem to defy the logic of real-world economics. Here’s a brief overview to help clarify matters. What are deferred

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Close-up on sources of substantive audit evidence

Organizations that understand how auditors verify account balances and transactions can minimize disruptions during audit fieldwork and maximize the effectiveness of financial statement audits. Here’s a summary of the types of “substantive evidence” auditors gather

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Posted In: Alerts & Advisories

2023 Largest Accounting Firms Announced

We are, once again, proud to announce that we have been named as a top accounting firm in Massachusetts by the Boston Business Journal. Published on February 9, 2023, we are ranked as the 18th

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Posted In: Awards

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

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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Accounting & Audit Alert- 5 benefits of outsourcing your accounting needs

CPA firms do more than audits and tax returns. They can also help you with everyday accounting-related tasks, such as bookkeeping, budgeting, payroll and sales tax filings. Should your organization outsource its accounting needs? Here

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Edelstein Included in Forbes’ List of Best Accounting and Tax Firms for 2023

On November 30, 2022, 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 and

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Posted In: Awards

Accounting & Audit Alert- How to report software costs

What do Tesla cars, smart TVs and equipment used for making french fries have in common? The answer is embedded software, according to recent comments by Financial Accounting Standards Board (FASB) Vice Chair James Kroeker.

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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

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