Accounting Today Recognizes GRF as a 2025 Regional Leader and Firm to Watch
A leading provider of business news for the accounting community, Accounting Today released its 2025 Top 100 Firms ranking of accounting firms and accounting’s regional leaders. GRF CPAs & Advisors (GRF) reported another strong year in 2024 which earned the firm recognition as one of the Top Firms in the Capital Region for 2025 and…
The Importance of Briefing Government Contracts
By Paul Calabrese, Principal, Outsourced Accounting and Advisory Services In the realm of government contracting, the complexity of agreements can significantly impact the success of a contract. Unlike commercial contracts, government contracts come with stringent requirements and regulations that demand a meticulous understanding for compliance. The practice of “briefing” these contracts is crucial for any…
Alternatives to Financial Statement Audits
By Steven Lyons, CPA, Assurance Senior Manager and Kari Hipsak, CPA, Senior Manager of Quality Management While financial statement audits are mandatory for many organizations, a review or compilation may meet the needs of some. Understanding the differences between an audit, review, and compilation can help your organization select the best engagement to meet your…
Budgeting and Planning for 2025: Challenge Accepted!
Generated by AI and edited by Heather Broberg, Senior Manager, Accounting Technology Solutions Budgeting and forecasting are critical components of financial planning for any organization, yet they often pose significant difficulties. These processes are essential for setting financial goals, allocating resources efficiently, and making informed strategic decisions. However, the complexities involved can make budgeting and…
2024 Update on Retirement Plans: Cyber Best Practices
Cybersecurity remains a crucial concern for retirement plan administrators and sponsors. Ensuring the security of sensitive data and maintaining compliance with regulatory requirements is essential to protect plan participants and maintain trust. GRF hosted a 2024 Update on Retirement Plans webinar on May 16th, 2024, which outlined key cybersecurity best practices recommended by the Department…
2024 Update on Retirement Plans: Impact of SECURE Act 2.0
The SECURE Act 2.0 is transforming retirement planning by encouraging savings, enhancing retirement plan rules, and reducing employer costs. GRF hosted the 2024 Update on Retirement Plans on May 16th, 2024, where we explored the significant changes introduced by the SECURE Act 2.0. The session provided a comprehensive overview of the new provisions aimed at…
2024 Update on Retirement Plans: Recent Changes to Form 5500
Navigating the complexities of retirement plan reporting just got easier with the latest updates to Form 5500. These transformative changes promise to streamline processes, enhance data accuracy, and significantly reduce administrative burdens for plan administrators and sponsors. GRF hosted the 2024 Update on Retirement Plans webinar on May 16th, 2024, which delved into significant changes…
Update on Employee Retention Credit Claims
By Pam Harrison, CPA, Manager, Outsourced Accounting and Advisory Services As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) enacted in 2020, the Employee Retention Credit (ERC) was established to assist businesses impacted by the COVID-19 pandemic. Unfortunately, the program later became a target for aggressive marketing efforts by ERC promoters…
Illustrating Your Nonprofit’s Story with Dynamic Dashboards
Dynamic dashboards are essential for nonprofits, turning complex data into compelling visual narratives. They simplify the presentation of financial and operational metrics, aiding in decision-making and enhancing communication with stakeholders. On Wednesday, April 4, 2024, GRF hosted an informative webinar, “Illustrating Your Nonprofit Story with Dynamic Dashboards,” featuring Ahkeeia Ward, CPA & EA, and Elinor…
GRF’s Omid Mohebbi Elected Chair of GWSCPA Nonprofit Section
May 15, 2024 GRF CPAs & Advisors (GRF) is pleased to announce that Omid Mohebbi, CPA, has been elected as the next chair the Greater Washington Society of CPAs (GWSCPA) Nonprofit Section. His term will begin on July 1, 2024. The Nonprofit Section plays the premiere leadership role to area CPAs in public and private practice…