Content Type: Blog

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 ›

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 ›

Enterprise Risk Management in Nonprofit Organizations – 2024 Workshop Takeaways

On February 22-23, 2024, GRF and NC State University’s Enterprise Risk Management Initiative convened over 100 nonprofit executives and board members to discuss enterprise risk management strategies and tactics. This 5th annual workshop, “Navigating the World of Uncertainties Impacting Nonprofit Organizations,” aims to fill a gap in the resources available to tax-exempt organizations seeking to…

Read more ›

How to Become a Tax-Exempt Organization

By Richard J. Locastro, CPA, JD and Katelyn Miller, CPA, MST The terms “nonprofit” and “tax-exempt organization” are often used interchangeably. And while there may be considerable overlap in their definitions, there is a distinction, especially for a 501(c)(3) public charity or private foundation. As explained further below, the process to become a tax-exempt organization…

Read more ›

The Daily Record Announces 2023 Empowering Women Awards

The Daily Record has named GRF CPA and Advisors as a recipient of a 2023 Empowering Women Award. Empowering Women winners will be honored at The Daily Record’s Women’s Leadership Summit on Oct. 25 at the University of Maryland, Baltimore, 621 West Lombard Street in Baltimore.

SECURE 2.0 Act Requires 401(k) Plan Administration Changes for Employers

The 401(k) plan is the most popular employer-sponsored retirement plan in the United States. As of September 30, 2022, more than $6.3 trillion in assets were held in 401(k) accounts by more than 60 million active participants, as well as millions of former employees and retirees. So 401(k) plans are a key payroll responsibility for most businesses….

Read more ›

Essential stages of a third party risk management program

Developing and maintaining a third party risk management (TPRM) program can help to reduce the overall risk to your organization. What is TPRM?  In short, it is the process of analyzing and mitigating risks associated with working relationships with outside entities. These parties can include everyone from contractors providing janitorial services to suppliers of a…

Read more ›

Four Things You Can Do Today to Improve Your Cybersecurity Posture

Cybersecurity is always changing and evolving as threats grow. Here are ideas that you can start on today that will help reduce your risk and improve your cybersecurity posture: 1. Require Multi-Factor Authentication Having multi-factor authentication (MFA) is essential for granting access to confidential data. It helps to reduce the risk of credential loss and…

Read more ›

I’m Often Asked, “What’s the Difference Between an ERP and a CRM?”

By Jim Norton, CPA, Principal, Accounting Technology Solutions It all starts to sound like alphabet soup after a while, but modern organizations are increasingly dependent upon cloud technology to get things done. In fact, remote work demands that data reside in the cloud so that work can be done anywhere and at any time. Over…

Read more ›

2023 National 8(a) Association Conference Trends

This premier annual conference provides education and supplier diversity networking for small businesses. This year’s event was held at the Hyatt Regency New Orleans from February 13 through 15 and was sold-out. Clearly, many small businesses are ready to travel again for in-person events! In addition to making introductions to federal agencies and prime contractors,…

Read more ›