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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

Tax Alert- Tax-saving ways to help pay for college — once your child starts attending

If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also

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Posted In: Alerts & Advisories

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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Posted In: Alerts & Advisories

Tax Alert- Employers should be wary of ERC claims that are too good to be true

The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that

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Posted In: Alerts & Advisories

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

Tax Alert- SECURE 2.0 law may make you more secure in retirement

A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0

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Posted In: Alerts & Advisories

Tax Alert- Save for retirement by getting the most out of your 401(k) plan

Socking away money in a tax-advantaged retirement plan can help you reduce taxes and help secure a comfortable retirement. If your employer offers a 401(k) or Roth 401(k), contributing to the plan is a smart

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Posted In: Alerts & Advisories