Archive for Alerts & Advisories Category
By Edelstein on December 13, 2021
Forecasting how your company is likely to perform over the next year can be challenging, especially when it’s unclear where the markets are heading. But accurate forecasts are critical when managing a business. For example,
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Posted In: Alerts & Advisories
By Edelstein on December 7, 2021
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes
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Posted In: Alerts & Advisories
By Edelstein on December 6, 2021
An external audit is less stressful and less intrusive if you anticipate your auditor’s document requests. Auditors typically ask clients to provide similar documents year after year. They’ll accept copies or client-prepared schedules for certain
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Posted In: Alerts & Advisories
By Edelstein on November 22, 2021
Are you thinking about merging with or acquiring a business? CPA-prepared financial statements can provide valuable insight into historical financial results. But an independent quality of earnings (QOE) report can be another valuable tool in
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Posted In: Alerts & Advisories
By Edelstein on November 18, 2021
On September 30, 2021, the Massachusetts legislature joined several other states in adopting an elective pass-through entity (PTE) excise tax. This is in response to the $10,000 cap on the federal state and local tax
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Posted In: Alerts & Advisories
By Edelstein on November 17, 2021
With Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or
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Posted In: Alerts & Advisories
By Edelstein on November 15, 2021
Auditing standards require external auditors to consider potential fraud risks by watching out for conditions that provide the opportunity to commit fraud. Unfortunately, conditions during the COVID-19 pandemic may have increased your company’s fraud risks.
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Posted In: Alerts & Advisories
By Edelstein on November 10, 2021
As we approach the holidays, many people plan to donate to their favorite charities or give money or assets to their loved ones. Here are the basic tax rules involved in these transactions. Donating to
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Posted In: Alerts & Advisories
By Edelstein on November 8, 2021
On October 25, the Financial Accounting Standards Board (FASB) issued a simpler accounting option that will enable private companies to more easily measure certain types of shares they provide to both employees and nonemployees as
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Posted In: Alerts & Advisories
By Edelstein on November 3, 2021
Are you considering a move to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more pleasant. But while you’re thinking
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Posted In: Alerts & Advisories