Content Type: Article

2023 DEI Transparency Report

GRF’s Commitment to DEI GRF CPAs & Advisors (GRF) was founded on the principles of diversity, equity, and inclusion. Like many organizations, we have had many successes, but we also acknowledge there is much more work to be done. Documenting our Journey Read GRF’s 2023 DEI Transparency Report for an overview of the firm’s DEI…

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Greenhouse Gas Emissions: Defining Scopes 1, 2, and 3

Many organizations are actively working to diminish their greenhouse gas emissions. When tracking and reporting progress, the terms ‘Scopes 1, 2, and 3 emissions’ are frequently used. But what do these designations truly signify? On the journey to achieving net zero emissions, organizations measure and assess their greenhouse gas emissions through three distinct ‘scopes.’ The…

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2024 Yellow Book Updates: What You Need to Know

By Tricia Katebini, CPA, MBA, Partner, Audit The long anticipated 2024 Yellow Book, which supersedes the 2018 Yellow Book, was released Thursday, February 1, 2024, by the United States Government Accountability Office (GAO). The revisions to the Yellow Book reflect major developments in the auditing and accountability professions and emphasize specific considerations applicable to the…

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Strategies for Indirect Cost Recovery for Fixed Price Government Contractors

By Paul Calabrese, Principal Government contracts come in various forms, each with its own set of rules and requirements. Critical to a contractor’s financial health, indirect costs are treated differently in fixed-price contracts compared to cost-reimbursable contracts. While fixed-price contractors may not face the same disclosure and cost build-up demands as their cost-reimbursable counterparts, they…

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Unlimited PTO: Is it Right for Government Contractors?

The continuing challenges of recruiting and retention have prompted some government contractors to revisit their employee benefits and consider offering unlimited paid time off (PTO). Increasingly, companies are making a strategic decision to provide unlimited PTO to compete for the best talent by offering better work-life balance. While only 6% of employers currently provide unlimited PTO, a 2023 US News article profiled some well-known companies like Netflix, Oracle and LinkedIn who now offer unlimited vacation days.1

Options for Unused 529 College Savings Accounts

Section 529 plans can be a tax-smart way to save for college and other qualified education expenses. Contributions to these plans aren’t deductible for federal tax purposes, but earnings and gains accumulate federal-income-tax-free. Then you can take federal-income-tax-free withdrawals to cover qualified education expenses. What happens if a 529 account turns out to be overfunded…

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GRF Invited to Join Information Technology Alliance

Recognized for the firm’s commitment to providing superior technology solutions to small and medium-size businesses and nonprofit organizations, GRF CPAs & Advisors (GRF) has joined Information Technology Alliance (ITA), a highly regarded association of top value-added resellers (VARs), public accounting firm leaders and technology product/service providers. This invitation was extended to GRF because of the high level of support and service the firm has provided businesses in their market and for their commitment to being a leader in the industry.

IPA’s 2023 List of Top U.S. Accounting Firms Ranks GRF at #118

For the eleventh consecutive year, GRF CPAs & Advisors (GRF) was honored among high-performing firms by INSIDE Public Accounting (IPA). The “who’s who” of the public accounting profession, the IPA 500 ranks the top US-based accounting firms annually based on participating firms’ net revenues. Ranking data was compiled through IPA’s analysis of its annual practice…

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