Industries: Businesses and Individuals

Accounting Today Recognizes GRF as a 2024 Regional Leader and Firm to Watch

A leading provider of business news for the accounting community, Accounting Today released its 2024 Top 100 Firms ranking of accounting firms and accounting’s regional leaders. GRF CPAs & Advisors (GRF) reported another strong year in 2023 which earned the firm recognition as one of the Top Firms in the Capital Region for 2024 and…

Read more ›

Luck of the Audit: The Role of Internal Controls in Audit Preparedness

Whether your organization is new to the audit process, or preparing for your 50th audit, savvy nonprofits know that the annual audit is a vital part of a sound financial management process. Audits ensure that information disseminated to the public about your organization’s financial position is fairly presented – and there are no shenanigans. The…

Read more ›

Key Takeaways from the 2024 Sage Transform Conference

By Elinor Litwack, CPA, Partner, Outsourced Accounting and Advisory Services Introducing Sage Copilot One of the highlights of this year’s conference was the unveiling of Sage Copilot, an AI assistant integrated into Sage Intacct, designed to proactively assist users with tasks across the platform. Sage Copilot will allow users to ask questions like, “Who’s timesheet…

Read more ›

Qualified Business Income (QBI) Deduction: Use It or Lose It

The qualified business income (QBI) deduction is available to eligible individuals through 2025. After that, it’s scheduled to disappear, unless Congress passes legislation to extend it. With 2024 underway, it’s now use-it-or-lose-it time for the write-off. Here’s what you need to know to cash in on the QBI deduction. The Basics The QBI deduction can…

Read more ›

Dos and Don’ts for Business Expense Deductions

 As tax season heats up, companies of all kinds and sizes will be on the hunt for ways to reduce their tax bills. One of the most common ways is through business expense deductions, but not every such expense is deductible. Here’s what to know about the expenses that you can — and can’t —…

Read more ›