Gorfine, Schiller & Gardyn

In this Gorfine, Schiller & Gardyn podcast interview, Laura Shuman, Director of Small Business at GSG, provides an overview of Maryland’s proposed unemployment insurance legislation and what it could mean for small and mid-sized businesses. • A high-level overview of the proposed legislation and the issues lawmakers are trying to address. (:30) • The most important components of the proposal,...

In this Gorfine, Schiller & Gardyn podcast interview, Jenny Estrada, Principal, Audit & Accounting Services at GSG, discusses HUD mortgage compliance requirements and how property owners and operators can reduce compliance risk.

Originally created under the 2017 Tax Cuts and Jobs Act, the Opportunity Zone program was designed to encourage investment in low-income communities by offering substantial tax benefits. The One Big Beautiful Bill permanently extends the program and introduces several significant changes that will impact both investors and communities.

From a higher SALT deduction cap to updated 1099 rules, new retirement contribution thresholds, and crypto reporting requirements, this year’s tax landscape presents several planning opportunities for individuals and small businesses.

From tariff uncertainty to changes in 1099 reporting thresholds, 2025 has been a highly unpredictable year for small businesses. In this timely conversation, Laura Shuman shares practical guidance on how business owners can protect their margins, stay ahead of compliance changes, and prepare for the year ahead.

In this Gorfine, Schiller & Gardyn podcast interview, Patrick Hom, Director of Tax Services at GSG, breaks down the latest tax changes in Maryland, including those that took effect on July 1, 2025, and others outlined in the Budget Reconciliation and Financing Act of 2025.

Chuck Faunce, Director of Business Valuation and Litigation Services at GSG, breaks down the implications of the recent Supreme Court decision in Connelly vs. United States, and why it could significantly increase estate tax obligations for closely held business owners.

Jenny Estrada, Principal of Audit and Accounting Services at GSG, discusses all things audit and GSG – from breaking misconceptions around auditing, to what it’s like to work for the GSG audit department, to the common responsibilities for the job, and much more.

When it comes to providing paid family and medical leave for employees, big changes are on the horizon for all Maryland employers with the state’s PFML program. Now’s the time for careful planning and proactive decision-making.

In the NFP arena, accounting and auditing can be very nuanced – from identifying risks for net assets classifications to auditing the tracking of donor restrictions to contribution accounting.

For any small business, effective accounting and financial planning is critical for long-term success – especially before we prepare to navigate the opportunities and challenges of a new year.

In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.

When it comes to tax planning, it is always best to leave no stone unturned when it comes to developing strategies that can help minimize your tax burden. The annual GSG tax planning guide provides broad suggestions for tax planning as we are coming to the end of 2024.

Even if you think it could never happen to your organization, internal or external fraud can happen at any time.

The IRS plans to close a tax loophole known as "partnership basis shifting," which allows wealthy taxpayers to move assets among related parties to avoid paying taxes. The U.S. Treasury Department estimates that ending this practice could generate over $50 billion in revenue over the next decade.

For many, the idea of turning a hobby into a viable business is a dream come true. If one can take a passion project and transition it into something profitable, it’s the ultimate combination of commerce and pleasure.

In the nonprofit arena, effectively managing resources is both a key priority and challenge. When it comes to accounting, nonprofits are also confronted with categorizing donations, and differentiating between income and profit.

With the “ great wealth transfer ” upon us, it is estimated that approximately $72 trillion of assets that baby boomers are sitting on will eventually be passed onto their heirs. In addition to the transfer of significant assets, there is much more to know when it comes to inheritance and estate taxes. In this podcast interview, Melissa West breaks down everything you need to know on inheritance a...

Matt Keefer , Director of Tax Services at GSG, breaks down everything taxpayers need to know about The Tax Relief for American Families and Workers Act of 2024.

For any small business, effective accounting and financial planning is critical for long-term success – especially when there’s a new year ahead of us. For 2024, small businesses have the opportunity to develop the right strategies to streamline and optimize critical accounting processes.

In November, Financial Crimes Enforcement Network (FinCEN) issued a final rule that beginning on January 1, 2024, many companies in the U.S. will have to report information about their beneficial owners to FinCEN.

2023 has certainly been the year of Artificial Intelligence (AI) with non-stop news stories about how it will have a wide-range of impact on virtually every aspect of our lives. But the big question is can AI do your taxes and provide other financial services? We address this question head-on in this podcast interview – with the big takeaway being that AI is not ready for a full takeover of financ...

Business valuation success comes down to measuring risk and reward for helping buyers and sellers come to a financial agreement in an acquisition. It is also used in litigation, as well as for compliance reporting. GSG was recently featured in a CFO Tech Outlook article about how business valuation helps to drive the understanding of the true worth of a company. Chuck Faunce provides a high-level...

Breaking down everything you need to know about the Employee Retention Credit (ERC) – from spotting scams to knowing if you are eligible, and beyond.

Katie Rodgville, the Marketing Summer Intern at GSG, shares her experiences and what she learned this summer in her role – in part two of this two part series.