Archive for Alerts & Advisories Category
By Edelstein on January 16, 2020
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed
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Posted In: Alerts & Advisories
By Edelstein on January 13, 2020
You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference, they don’t mean much. That’s why it’s important to compare your company’s performance over time
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Posted In: Alerts & Advisories
By Edelstein on January 6, 2020
Some benefit plans are required to include an opinion from an independent qualified public accountant (IQPA) when filing Form 5500 each year. The IQPA examines the plan’s financial statements and schedules to ensure they’re presented fairly
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Posted In: Alerts & Advisories
By Edelstein on January 3, 2020
We are hiring here at Edelstein. We provide a variety of services to a vast array of clients and we want you to join our team. We’re invested in our staff, our clients, our profession
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Posted In: Alerts & Advisories, News
By Edelstein on January 2, 2020
When the Financial Accounting Standards Board (FASB) updated its rules for recognizing revenue from contracts in 2014, it only added to the confusion that nonprofits already had about accounting for grants and similar contracts. Fortunately,
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Posted In: Alerts & Advisories
By Edelstein on December 31, 2019
While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act,
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Posted In: Alerts & Advisories
By Edelstein on December 24, 2019
The federal government spending package titled the Further Consolidated Appropriations Act, 2020, does more than just fund the government. It extends certain income tax provisions that had already expired or that were due to expire
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Posted In: Alerts & Advisories
By Edelstein on December 23, 2019
The Financial Accounting Standards Board (FASB) hasn’t issued any major new accounting rules in 2019. But there have been some important developments to be aware of when preparing annual financial statements under U.S. Generally Accepted
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Posted In: Alerts & Advisories
By Edelstein on December 16, 2019
Audit season is right around the corner for calendar-year entities. Here’s what your auditor is doing behind the scenes to prepare — and how you can help facilitate the audit planning process. The big picture
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Posted In: Alerts & Advisories
By Edelstein on December 5, 2019
Goodwill shows up on a company’s balance sheet when the company has been acquired in a business combination. It represents what’s left over after the purchase price in a merger or acquisition is allocated to
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Posted In: Alerts & Advisories