Four Midyear 2023 Tax Planning Tips for Small Business Owners
Mid-July isn’t just for barbeques and baseball. It’s also a good time to think about ways to cut your 2023 business tax bill. Here are four planning ideas for small business owners to consider, assuming there won’t be any changes to current federal tax laws at least through 2024. 1. Establish a Tax-Favored Retirement Plan…
Six Ideas for Lowering Your Personal 2023 Taxes
Although summer is a time for vacations and relaxing in the backyard, you can’t afford to take a break from managing your tax bill. Now is a good time to think about proactive moves that could cut your 2023 tax liability. Here are six ideas for individual taxpayers to consider, assuming the current federal tax…
Tax Considerations of Earnouts when Buying or Selling a Business
During economic uncertainty, earnouts can play a big role in merger and acquisition (M&A) deals. The structuring of such transactions could have significant tax implications that affect the ultimate value for both parties. The Basics Earnout provisions generally arise when buyers and sellers have markedly different views on the value of the target business. Today,…
Risk Management: 8 Ways to Reduce Business Insurance Costs
How much money is your business spending on insurance products? Insurance is often a major business expense, and it can be a lifesaver when the unexpected happens. However, higher spending doesn’t necessarily equate to better coverage. Rather than focusing on just the price, it’s important to match insurance products and coverage levels with your business’s…
Ryan Ham, CPA, Joins GRF CPAs & Advisors as Partner in Tax Services
July 10, 2023, Bethesda MD – GRF CPAs & Advisors (GRF), an Inside Public Accounting Top 125 Public Accounting Firm and Accounting Today Regional Leader, is pleased to announce the appointment of Ryan Ham, CPA, as a Partner in the Tax Division. With more than 18 years of experience in providing tax advisory services to…
How ERM Helps Organizations Navigate Their ESG Journey
ESG (Environmental, Social, and Governance) frameworks provide a sustainable approach to doing business. Existing ERM tools can help support these efforts.
Best Practices for Mitigating Risk in Expense Reporting Platforms
Expense reporting platforms have simplified the review and approval processes, making it easier to submit documentation for payment. However, this convenience can also lead to less stringent review of submitted documents and opportunities for changing electronic receipts. As a result, organizations need to implement best practices to reduce the risk associated with these reporting systems….
Kashif Ali Recognized in CIOLook’s Top 10 Pioneering Business Leaders to Follow
GRF’s Chief Technology Officer (CTO), Kashif Ali, MCITP, MCTS, Security+, has been named one of CIOLook’s Top 10 Pioneering Business Leaders to Follow in 2023. In the latest edition of their magazine, CIOLook profiles the excellence of 10 business leaders who inspire and motivate their teams with vision, innovation, empathy, and courage. CIOLook is a…
How Internal Audit Can Support Whistleblower Investigations
Do you know if an employee is stealing from your company? Quite often, the first hint of a problem comes from an insider tip. Having a comprehensive whistleblower program in place is a powerful early warning mechanism for identifying potential fraud or misconduct. If you have an internal audit function, you already have the tools…
Top 5 Tax Tips for Small Business Owners
Small business owners have double-duty during tax season – preparing and filing their own taxes as well as taxes for their small business. With so many demands on their time already, tax season can be cause for dread, but advance planning and organization can make life a little easier. Here are some best practices I…