SERPs: Pros and Cons for Employers and Executives
If your company offers employees a qualified retirement plan, it’s probably a 401(k). But this popular option isn’t the only game in town. You may want to offer an additional retirement savings vehicle — such as a supplementary executive retirement plan (SERP) — to complement the 401(k)s of a select group of employees. Unlike 401(k)s, SERPs…
Changes in the Employee Benefit Plan Landscape for 2020 and 2021 Audits
Like many areas of our lives in 2020, Employee Benefit Plans also experienced a number of significant changes as a result of the pandemic and the CARES Act. Plan sponsors should take note that the approval of two new audit reporting standards, SAS 134 and SAS 136, will likely impact the performance and timing of…
Congress Passes Year End Funding and Pandemic Aid Package
The bill includes tax deductibility of PPP expenses and new round of PPP loans
GRF CPAs & Advisors Makes List of Best Firms for Young Accountants
Following GRF CPAs & Advisor’s (GRF) recognition earlier this year as one of Accounting Today’s 2020 Best Accounting Firms to Work for in the Midsized Firms category, the firm has been honored once again. In their new report, Accounting Today singles out the members of the Best Accounting Firms to Work For that are most…
Webinar Series: The Indirect Rate Toolkit for Nonprofits with Federal Grants – Part II
The second webinar provides participants with an overview of the Cost Principles, Subpart E to Uniform Guidance. The cost principles provide the framework for direct and indirect cost allocation, the reasonableness criteria, offsets for related revenue, and what is allowable (or not an allowable) reimbursement on federal grants and cooperative agreements. Topics Understanding the categories…
Employee Benefit Plan Update & Red Flags for Administrators to Know
This webinar is an overview of the changes that will occur with retirement plan audits under the new standard issued by AICPA, SAS No. 136 Forming an Opinion and Reporting on Financial Statement of Employee Benefit Plans Subject to ERISA. This webinar discussed how the roles as administrators of the plan will change during the audit…
Retirement Plan Options during the COVID-19 Crisis
By Jennifer McCahill, CPA, Partner Individuals and organizations are looking for ways to gain access to cash during this time of financial and economic uncertainty. As Congress and the Administration discuss additional aid packages, we are seeing changes to the traditional regulations that would allow individuals and organizations to access funds through retirement plans. There…
GRF Named a 2019 All Star Specialized Niche Firm By INSIDE Public Accounting
GRF was named to INSIDE Public Accounting’s (IPA) 2019 All Stars Specialized Niche Firms in recognition of the firm’s robust nonprofit practice that includes accounting, assurance, tax and advisory services. In its January 2020 IPA newsletter, IPA recognized firms that derive a higher percentage of their revenue from specialty practices than all other participating firms….