Archive for Alerts & Advisories Category
By Edelstein on August 10, 2020
There’s a bright side to today’s unprecedented market conditions: Agile people may discover opportunities to start new business ventures. Start-ups need a comprehensive business plan, including detailed financial forecasts, to drum up capital from investors
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Posted In: Alerts & Advisories
By Edelstein on August 3, 2020
Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement was in effect for audits of large accelerated filers (with market values of $700 million
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Posted In: Alerts & Advisories
By Edelstein on July 29, 2020
COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even if it’s just for online learning, and some parents will be facing tuition bills. If
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Posted In: Alerts & Advisories
By Edelstein on July 27, 2020
Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in a vehicle or machine, dashboard reports provide a real-time snapshot of how your business is
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Posted In: Alerts & Advisories
By Edelstein on July 21, 2020
If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for tax purposes. Fair market value rules Under the fair market value basis rules (also known
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Posted In: Alerts & Advisories
By Edelstein on July 20, 2020
Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors. Even when external audits aren’t mandated, however, they’re often recommended.
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Posted In: Alerts & Advisories
By Edelstein on July 14, 2020
In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on financial statements. One area of the guidance that’s especially complicated relates to “embedded” leases. Updated
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Posted In: Alerts & Advisories
By Edelstein on July 10, 2020
On Friday, July 17, 2020, Jason Pierce will be an expert panelist on the Boston Bar Association’s webinar, Sophisticated Financial Issues in Divorce Matters and the Impact of COVID-19. The webinar will discuss: Divorce cases
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Posted In: Alerts & Advisories, Events, Resources
By Edelstein on July 9, 2020
As offices begin to reopen for employees, the top priority is how you’re going to keep your work force safe and healthy. One item for consideration is screening people for their temperatures. Did you know
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Posted In: Alerts & Advisories, Resources
By Edelstein on July 7, 2020
The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense these setup costs. Updated guidance on accounting for cloud computing costs aims to reduce differences
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Posted In: Alerts & Advisories