Archive for Alerts & Advisories Category
By Edelstein on January 21, 2021
Auditing standards require a year-end risk assessment. One potential source of risk may be a small business’s reliance on the owner and other critical members of its management team. If a so-called “key person” unexpectedly
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Posted In: Alerts & Advisories
By Edelstein on January 19, 2021
For years, you’ve trusted us to provide tax and accounting services and expert guidance. Like many other businesses, we are restructuring our daily operations to allow the firm’s staff to work remotely and account for
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Posted In: Alerts & Advisories
By Edelstein on January 12, 2021
Planning for what lies ahead is an important part of running a healthy business. Forecasting your company’s financial statements can help you manage inventory and other working capital accounts, offer competitive prices, identify impending cash
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Posted In: Alerts & Advisories
By Edelstein on January 11, 2021
The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures. One such measure allows certain banks and credit unions to temporarily postpone implementation of the controversial
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Posted In: Alerts & Advisories
By Edelstein on January 7, 2021
The Consolidated Appropriations Act of 2021 (CAA) was signed into law in late December. The sprawling legislation contains billions of dollars in additional stimulus funding in response to the COVID-19 pandemic, as well as numerous
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Posted In: Alerts & Advisories
By Edelstein on January 6, 2021
President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and
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Posted In: Alerts & Advisories
By Edelstein on January 4, 2021
Unfortunately, many businesses have experienced problems with collections during the COVID-19 pandemic. Accounts receivable are a major item on most companies’ balance sheets. Slow-paying — or even nonpaying — customers or clients adversely affect cash
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Posted In: Alerts & Advisories
By Edelstein on December 23, 2020
After months of negotiations in Washington, an agreement has been struck on a new aid package to address the ongoing fallout from the COVID-19 pandemic. The legislation has been passed by both the U.S. House
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Posted In: Alerts & Advisories, News, Resources
By Edelstein on December 22, 2020
On Monday, December 21, 2020, the U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill which addresses: Stimulus payments, Unemployment benefits, Aid to small businesses, and A variety of Paycheck Protection
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Posted In: Alerts & Advisories, News
By Edelstein on December 18, 2020
Each year, public companies must assess the effectiveness of their internal controls over financial reporting (ICFR) under Section 404(a) of the Sarbanes-Oxley Act (SOX). In some cases, private companies should follow suit. In addition, a
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Posted In: Alerts & Advisories