Archive for Alerts & Advisories Category

Tax Alert- 4 new law changes that may affect your retirement plan

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

Accounting & Audit Alert- Benchmarking financial performance

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

Accounting & Audit Alert- Employee benefit plans: Do you need a Form 5500 audit?

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

Join the Edelstein Team

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

Accounting & Audit Alert- Nonprofits: Are you ready for the new contribution guidance?

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

Tax Alert- New law provides a variety of tax breaks to businesses and employers

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

2019 Tax Law Change Update

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

Accounting & Audit Alert- Year-end accounting recap

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

Accounting & Audit Alert- Risk assessment: A critical part of the audit process

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

Accounting & Audit Alert- The art and science of goodwill impairment testing

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