Archive for Alerts & Advisories Category

Edelstein Celebrates 50- Our Brand

As we reflect on 50 years, a large piece of our firm’s recent history was undergoing the rebrand process. A brand says a lot about who you are and it’s ever important to differentiate yourself

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Accounting & Audit Alert- Consider these financial reporting issues before going private

Issuing stock on the public markets isn’t right for every business. Some public companies decide to delist — or “go private” — often due to the high costs of complying with the requirements of the

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Accounting & Audit Alert- Is it time to adopt the new hedge accounting principles?

Implementing changes in accounting rules can be a real drag. But the new hedge accounting standard may be an exception to this generality. Many companies welcome this update and may even want to adopt it

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Accounting & Audit Alert- Using analytical procedures in an audit provides many benefits

Analytical procedures can make audits more efficient and effective. First, they can help during the planning and review stages of the audit. But analytics can have an even bigger impact when used to supplement substantive

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Edelstein Celebrates 50- Our Staff

A key and critical piece to the success of any business is its people.  It’s the people that build and cultivate relationships, create firm culture, generate business and contribute to our firm’s recognition in the

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May/June 2018 Nonprofit Newsletter

This month’s newsletter includes the following topics: Tax Cuts and Jobs Act (TCJA) & UBIT Ramifications on Employee Benefits FASB Issues Clarifying Guidance on Accounting for Grants and Contributions IRS Releases New Revenue Procedure 2018-32

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Tax Alert- Supreme Court Opens Door to Taxation of Online Sales

In a much-anticipated ruling that confounded the expectations of many court watchers, the U.S. Supreme Court has given state and local governments the green light to impose sales taxes on out-of-state online sales. The 5-4

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Accounting & Audit Alert- Which intangibles should private firms report following a merger?

2018 is expected to be a hot year for mergers and acquisitions. But accounting for these transactions under U.S. Generally Accepted Accounting Principles (GAAP) can be complicated, especially if the deal involves intangible assets. Fortunately,

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Tax Alert- The Tax Impact of the TCJA on Estate Planning

The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA

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Accounting & Audit Alert- Auditing related-party transactions

Business owners generally prefer to work with entities they know and trust. But related-party transactions can provide opportunities for individuals to act in a manner that’s inconsistent with the interests of shareholders. That’s why auditors

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Posted In: Alerts & Advisories