The GRF Blog


GRF's partners, auditors and accountants share their professional insights into financial management issues of interest to nonprofits, international non-governmental organizations, government contractors, businesses and individuals. Subscribe to our posts in the right column.



Springtime Isn’t Just About Taxes

Thumbnail image for Springtime Isn’t Just About Taxes

It’s springtime and it’s THAT time of year again…that’s right, it’s accounting system time.

Surprised?

While most businesses and individuals are hard at work on making sure they’re ready for tax time, many government contractors are also focused on a major bidding opportunity (proposals due mid-April).

Read more on Springtime Isn’t Just About Taxes…

The Auditor’s Perspective
Read more >>

The 401k vs. the Roth 401k

Thumbnail image for The 401k vs. the Roth 401k

When it comes to limiting your taxable income; pension plans are great first steps. I recommend that whatever plan you choose you always try to contribute the maximum. The sooner you start contributing the maximum the better because it builds up over your working life and you can take advantage of the compounding tax free. If you’re faced with the decision of whether to invest in a 401k or a Roth 401k, the following will explain key differences.

Read more on The 401k vs. the Roth 401k…

Tax Talk
Read more >>

Congratulations, You Are Now a Law Firm Partner! What about Your New Tax Forms?

Thumbnail image for Congratulations, You Are Now a Law Firm Partner! What about Your New Tax Forms?

The following applies to partners in the local pre-jurisdictions of DC, Maryland and Virginia. When you first become a law firm partner, your federal taxes become very difficult and you can find them daunting. Prior to your partnership, your taxes probably revolved around a W-2 and tax return preparation was rather straight forward. As soon as you become a law firm partner, this process becomes complicated as you have to familiarize yourself with K-1 Forms.

Read more on Congratulations, You Are Now a Law Firm Partner! What about Your New Tax Forms?…

Tax Talk
Read more >>

Omni-Circular: How the New Federal Regulations Affect Your Nonprofit Organization’s Audit

Nonprofit Audits and the CFR 200 –Uniform Administrative Requirements, Cost Principles and Audit

 

The CFR 200 “Uniform Administrative Requirements, Cost Principles and Audit” went into effect December 26, 2014. There are many regulation changes. This blog only focuses on audit threshold and requirements for procurement.

Read more on Omni-Circular: How the New Federal Regulations Affect Your Nonprofit Organization’s Audit…

Beyond the Audit: Nonprofit Accounting, The Auditor’s Perspective
Read more >>

Happy Birthday, March Babies!

Thumbnail image for Happy Birthday, March Babies!

Happy Birthday to You!

We are very proud of our hard-working employees here at GRF. Especially during this busy-season. So today we celebrate our wonderful employees with March birthdays!

Happy Birthday to Tom Netznik, Mary Powell, Hugene Fields, Isabel Vordzorgbe, Kate Fisken, Alison Albrecht and Bob Todes!

Read more on Happy Birthday, March Babies!…

Working at GRF
Read more >>

What Does an Auditor Do?

Thumbnail image for What Does an Auditor Do?

An audit may seem like an intimidating thing to go through, but what does it actually mean for your company? What does an auditor do?

The auditor aims to maximize your company’s performance and efficiency by offering objective advice for improving financial reporting and internal controls. The goal of an audit is to issue an opinion on whether your company’s financial statements are presented fairly in accordance with financial reporting framework.

Read more on What Does an Auditor Do?…

The Auditor’s Perspective
Read more >>

Busy Season Kick-Off Party

Thumbnail image for Busy Season Kick-Off Party

Gelman, Rosenberg & Freedman CPAs kicks off busy season the right way.

Before things start to get hectic with upcoming deadlines, the staff hopped on the metro to Dupont Circle to enjoy a pre-busy season party at Buffalo Billiards. As if the food and beer weren’t enough, we had a blast playing pool, darts, foosball and so much more.

Read more on Busy Season Kick-Off Party…

Working at GRF
Read more >>

When to Complete Form 673

Thumbnail image for When to Complete Form 673

IRS Form 673’s official title is “Statement for Claiming Exemption From Withholding on Foreign Earned Income Eligible for the Exclusion(s) provided by Section 911.” What a name? Why should you, an expat, worry about this form?

Read more on When to Complete Form 673…

International Insights: Finance Overseas
Read more >>

First Friday Birthday Celebration

Thumbnail image for First Friday Birthday Celebration

On the first Friday of each month, Gelman, Rosenberg & Freedman CPAs provides cupcakes to celebrate the birthdays of our wonderful employees.

On Friday, February 6, we celebrated our fabulous employees who were born in January and February. Happy birthday to Andrea Feinberg, Andreas Alexandrou, Angela Modrick, Chris Szczenski, Dianne Finger, Grace Mureithi, Jackie Oneto, Jill Leonard, Kashif Ali, Katelyn Miller, Kim Davis, Marc Neri, Marisol Sharma, Ron Watkins, Shanda Cooper, Shawn Monroe and Tammie McRoy!

Read more on First Friday Birthday Celebration…

Working at GRF
Read more >>

Move for Hunger Food Drive

Thumbnail image for Move for Hunger Food Drive

By Ashari Taylor-Watson

My interest in the food drive began with other volunteer work. I was tutoring inner city youth, and time after time, hunger was a main concern that the children would bring up to me. I knew then that helping these kids do math and science homework would have no impact and was irrelevant if they were hungry. I wouldn’t dare ask these kids to do anything on an empty stomach.

Read more on Move for Hunger Food Drive…

Community Impact
Read more >>

David Graling is a top notch professional.  He runs a great crew and is always helpful.

Anne P. Santalla |  Director of Operations
Accrediting Commission of Career Schools and Colleges