Recent Posts

Introducing Edelstein’s Client Resource Center

Edelstein is excited to have launched our Client Resource Center! Supporting your business needs and delivering exceptional client service is our goal. This page is meant to help you find answers to your questions quickly.

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Posted In: Resources

Tax Alert- Do you qualify for the QBI deduction? And can you do anything by year-end to help qualify?

If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. The QBI

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Posted In: Alerts & Advisories

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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Posted In: Alerts & Advisories

Annual State of the Firm: Building to Connect

Annually, we host our State of the Firm meeting in which the entire firm comes together to reflect on our past year and look forward to the next. Similar to last year, to allow team

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Posted In: Events

Tax Alert- Answers to your questions about taking withdrawals from IRAs

As you may know, you can’t keep funds in your traditional IRA indefinitely. You have to start taking withdrawals from a traditional IRA (including a SIMPLE IRA or SEP IRA) when you reach age 72.

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Posted In: Alerts & Advisories

Tax Alert- Year-end giving to charity or loved ones

The holiday season is here and many people plan to donate to their favorite charities or give money or assets to their loved ones before the end of the year. Here are the basic tax

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Digital assets’ potential benefits and risks

Digital assets such as cryptocurrencies and non-fungible tokens (NFTs) are growing and disrupting the way consumers and businesses pay, bank, and invest. A recent survey by Capitalize found that 60 percent of respondents would like

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Posted In: Alerts & Advisories

Accounting & Audit Alert- Preparing for year-end inventory counts

How accurate is the amount reported in your company’s perpetual inventory system? To best answer that question, a physical count is essential at year end. For calendar-year entities, year end is fast approaching on December

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Posted In: Alerts & Advisories

Emerging Tax Alert- 5 steps to take now to cut your 2022 tax liability

It has been quite a year — high inflation, rising interest rates and a bear stock market. While there’s not a lot you can do about any of these financial factors, you may have some

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Posted In: Alerts & Advisories

Accounting & Audit Alert- New accounting rules for supplier finance programs

Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes starting next year. At that

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Posted In: Alerts & Advisories