What do the 2023 cost-of-living adjustment numbers mean for you?
The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over [...]
Webinar: Get to Know the New Lease Accounting Standards
Issued by the FASB, ASC 842, otherwise known as Topic 842, are new lease accounting standards that govern how entities record the financial impact of [...]
Baltimore-Based Company Addressing Today’s Healthcare Staffing Shortages
According to a recent McKinsey & Company report, the United States could see a staffing shortage of between 200,000 and 450,000 registered nurses by 2025. [...]
Inflation Reduction Act expands deductions for energy-efficient construction
Mitigating the adverse effects of climate change is one of the primary targets of the recently enacted Inflation Reduction Act (IRA). To that end, the [...]
Inflation Reduction Act (IRA) Expands Valuable R&D Payroll Tax Credit
When President Biden signed the Inflation Reduction Act (IRA) into law in August, most of the headlines covered the law’s climate change and health care [...]
Clean Vehicle Credit Comes With Caveats
The Inflation Reduction Act (IRA) includes a wide range of tax incentives aimed at combating the dire effects of climate change. One of the provisions [...]
MarylandSaves Program Launched on September 6, 2022
MarylandSaves Program Launched September 6, 2022 MarylandSaves is a new retirement savings program that is a simple and seamless way to help Maryland employees save [...]
IRS offers penalty relief for 2019, 2020 tax years
While the recently announced student loan debt relief has captured numerous headlines, it’s estimated that another federal relief program announced on the same day will [...]
Important QuickBooks Changes Coming
Some big and very noteworthy changes are coming up with regards to QuickBooks that could potentially impact GSG’s clients. First, QuickBooks Desktop will only be [...]
PODCAST | Impact of Property Tax Cuts on City of Baltimore
In the following, Gorfine, Schiller & Gardyn (GSG) podcast interview, Pat Hom, Director, Tax Services at Gorfine, Schiller & Gardyn, discusses the impact of property [...]
