Archive for Alerts & Advisories Category
By Edelstein on March 16, 2020
In compliance with Governor Baker’s press conference on Sunday evening, we are mandating that all employees work remotely at home starting on Tuesday, March 17th as safety and health is our greatest concern. There will
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Posted In: Alerts & Advisories
By Edelstein on March 16, 2020
The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you also may be worried about how it will affect your business and its financial statements
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Posted In: Alerts & Advisories
By Edelstein on March 13, 2020
As you’re aware, the spread of COVID-19, also known as the Coronavirus, has impacted the United States, New England, and Massachusetts specifically. We wanted to take this time to communicate with you, our valued clients
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Posted In: Alerts & Advisories
By Edelstein on March 13, 2020
Tax Partner, Kate Rooney, has been sharing her expertise on 529 Plans by answering a related question on Fridays. Today, Kate will respond to the question, “What are the limits on 529 Plan distributions prior to
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Posted In: Alerts & Advisories, Resources
By Edelstein on March 12, 2020
We recently launched Client Account Solutions here at Edelstein! As a firm, we want to be able to provide all the necessary resources to assist our clients in achieving their financial goals. Our team takes
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Posted In: Alerts & Advisories, Resources
By Edelstein on March 11, 2020
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if it’s
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Posted In: Alerts & Advisories
By Edelstein on March 9, 2020
The rules for reporting leasing transactions are changing. Though these changes have been delayed until 2021 for private companies (and nonprofits), it’s important to know the possible effects on your financial statements as you renew
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Posted In: Alerts & Advisories
By Edelstein on March 5, 2020
The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December 31, 2017. Among other things, the proposed regulations clear up lingering confusion regarding whether meals
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Posted In: Alerts & Advisories
By Edelstein on March 4, 2020
If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans
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Posted In: Alerts & Advisories
By Edelstein on March 3, 2020
Accounts receivables are classified under current assets on the balance sheet if you expect to collect them within a year or within the operating cycle, whichever is longer. However, unless your company sells goods or
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Posted In: Alerts & Advisories