PODCAST: Financial Steps Entrepreneurs Should Take When Starting a Company
The idea of launching your own business yields many exciting benefits – pursuing a passion, developing your own schedule, and best of all, being your [...]
PODCAST: Fiduciary Duties of Today’s Nonprofits
In the following podcast, Scott Rodgville discusses why conveying the quality of transparency is essential for nonprofit organizations, and more. Board members serving nonprofit organizations [...]
PODCAST: How to Make Employee Benefit Plan Audits Less Painful
In the following podcast, Scott Rodgville discusses the importance of employee benefit plan audits and how it’s possible to alleviate the pain of the audit [...]
PODCAST: Fiduciary Duties & Responsibilities of Labor Union Officers
Scott Rodgville, an Officer at GSG, recently spoke at the Metropolitan Baltimore Council of AFL-CIO Unions' Leadership Conference about the fiduciary duties and responsibilities of [...]
Enhancing Business Management Improvement for Food Processors
Gorfine, Schiller & Gardyn (GSG) recently attended the 2017 American Commodity Distributors Association annual conference in Denver, Colorado, which addressed significant challenges within the food [...]
FASB Streamlines Presentation of Defined Benefit Costs
The Financial Accounting Standards Board (FASB) issued an accounting standards update on March 10, 2017 designed to enhance the transparency of financial reporting on pension [...]
Penalties for Worker Misclassification in Maryland
Beginning October 1, 2016, Maryland now imposes penalties on employers who misclassify employees as independent contractors. It is the employer’s burden to prove proper classification [...]
Secretary of State Announces New Threshold for Financial Reviews and Audits
Effective October 1, 2016, organizations that receive at least $300,000 but less than $750,000 in charitable contributions must submit a financial review with their registration. [...]
Accounting Standards Update (ASU) 2016-14 for Not-for-Profit Entities
On August 18, 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-14, Not-for-Profit Entities (NFPs). The new guidance contains significant changes to the financial [...]
Should you pay more attention to cash flow in your business?
In assessing their businesses, most owners focus on growth in sales and profits. Yet these do not guarantee business health and success. Another important gauge [...]
