Quick Tips for Your 2024 Year-End Business Review
As we head toward the close of the year, the business tax landscape is beginning to come into focus. We won’t know what tax law changes might be in effect until well into the new year. Regardless of the political climate, however, we recommend common sense tax planning considerations you should undertake now as part…
Using Business Valuations to Drive Performance
Written and edited by Mac Lillard. Research assistance by AI. In the dynamic world of small and medium-sized enterprises (SMEs), understanding the financial health and market position of your business is crucial. One key metric that often goes overlooked is the valuation of your business. Regularly monitoring your business valuation can provide useful insights that…
The Forensic Accountant: Your Secret Weapon for Thorough Due Diligence
A forensic accountant can enhance the valuation process, providing a credible and accurate assessment of the business’s value.
Protect Your Business: Cyber Risks from Physical Theft
Locking the doors is not enough to protect your business from theft. Today, companies face both physical and cyber risks, and it’s critical to understand how they’re connected. Cyber Risks from a Physical Theft Connected devices pose a double threat to your company’s security. If a thief breaks into one of your employee’s cars and…
Six Steps for Preparing to Sell Your Business
If you’re planning to sell your business, it’s a good idea to “dress” your business for success to help attract the most potential suitors. Here are six steps to M&A success.
Working a Family Business into Your Estate Plan
If you own a family business, it’s probably one of your most significant personal assets. It’s important to take the proper estate planning steps to ensure that the business lives on after you’re gone — if you don’t, you may be placing your family at risk. Ownership vs. Management Succession One reason transferring a family…
Strengthening IT Security: One Nonprofit’s Journey to Meet SAS 145 Requirements
In response to growing IT and cybersecurity risks, auditors are placing greater scrutiny on IT risk and risk controls in their audit process. The Auditing Standards Board issued a new Statement on Auditing Standards (SAS 145) that provides a more detailed risk evaluation framework and takes effect for all audits ending on or after December…
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…