Gorfine, Schiller & Gardyn

On July 1, 2023, the state of Maryland made it legal for state-licensed shops to sell recreational cannabis to consumers 21 years old and older. During the first week, sales of cannabis totaled more than $20 million dollars, and the Maryland Cannabis Administration projects $600 million of recreational marijuana sales during the first year of legalization.

Katie Rodgville , the new Marketing Summer Intern at GSG, discussed her role in supporting the firm’s marketing department, and what she looks forward to learning this summer.

Kelly Wolverton, a Supervisor at GSG, discusses his unique path to a fulfilling career in accounting. It’s often the most untraditional paths towards a career in accounting that are the most interesting. Kelly Wolverton spent the first ten years of his career working as a soccer coach, including a stint as a coach at the University of the South.

Jesse Caples, a Supervisor at GSG, discusses how internships are a great launching pad for a fulfilling career in accounting.

Vera Adams, an Audit Supervisor at Gorfine, Schiller & Gardyn, discusses what it’s like to be a young professional in accounting, and shares her experiences working at GSG.

Changes in the workplace and organizational structure, industrialization, and legislation increase the chances of enterprises becoming victims of various frauds.

The rise in inflation has affected pretty much every aspect of our lives these days. However, inflation is especially impactful when it comes to business valuation. Chuck Faunce , Director, Business Valuation & Litigation Support at Gorfine, Schiller & Gardyn, discusses the impact of inflation on business valuation, and what can be done to counter it.

This may come as a surprise for many sports betting enthusiasts, but did you know that winnings from gambling are considered taxable income and need to be reported on your tax return for 2022?

Matt Keefer, Director of Tax Services at Gorfine, Schiller & Gardyn, discusses what you need to know about reporting digital assets, and how you cannot claim losses if you had a FTX account.

Joe Liberman , Director at Gorfine, Schiller and Gardyn, and Patrick Hom , Director of Tax Services at Gorfine, Schiller and Gardyn, provide annual tax planning tips for individuals and businesses. Click here to download the full GSG 2022 Year-End Year-Round Tax Planning Guide.

GSG’s Vicki Hitchcock recently authored a guest article for the Maryland Daily Record about how the SECURE 2.0 Act could help Maryland companies counter the “Great Resignation.” The law aims to expand automatic enrollment in retirement plans. It will also allow participants to make employer-matched Roth contributions. This means that employees can take advantage of the tax benefits, which includes...

Amir Malek, Senior Manager at GSG, discusses the new finance and accounting outsourcing solutions for the firms clients and prospects. With a high-level of turnover in most industries these days, many companies and organizations may find it difficult to fill key internal accounting and finance roles. In addition, many companies may find that they just don't have the resources to afford internal ac...

In the Gorfine, Schiller & Gardyn podcast interview, Matt Keefer , Director of Tax Services at GSG, breaks down the recent IRS tax inflation adjustments for the 2023 tax year. The IRS is adjusting many of its rules to account for the impact of inflation, ranging from individual income tax brackets for 2023 to the standard deduction. The changes could mean tax savings for some taxpayers next ye...

The Baltimore Sun recently published an editorial about how the “devil is in the details” when it comes to cutting property taxes in Baltimore. The article highlights how group called Renew Baltimore is proposing that Baltimore property taxes be reduced from 2.248% of assessed value to 1.25% over six years. If you need guidance on how to best manage your property taxes, please contact us here.

Matt Keefer , Director of Tax Services at Gorfine, Schiller & Gardyn, discusses the most optimal tax strategies around crypto holdings. If you have a crypto portfolio and need guidance on how to best manage your crypto holding taxes, please contact us here.

Laura Shuman , Principal, Small Business, discusses what small businesses in Maryland can do to best deal with today’s urgent inflation issue. If you own a small business and need assistance enhancing business processes to best manage inflation, please contact us here.

Alan Stein , Director of Audit and Accounting Services at GSG, discusses how commercial recipients of Provider Relief Funds (PRF) can meet the external audit requirements under the CARES Act. Current U.S. Department of Health and Human Services regulations impose an external audit requirement on commercial recipients of provider relief funds under the CARES Act. If affected, organizations would ne...

Chuck Faunce , Director of Business Valuation & Litigation Support explains why it’s important for business owners to know the difference between investment and fair market value, and how this knowledge can impact a business’s future success.

Scott Rodgville , Director at Gorfine, Schiller & Gardyn , recently presented at Capital Services’ Nonprofit Summit. This podcast shares Scott’s insights on how nonprofits are able to continue executing successful accounting and auditing operations in a remote environment.

Pat Isaac, Founder and CEO of Capital Services, Inc., and Scott Rodgville , Director of Gorfine, Schiller & Gardyn’s Audit and Accounting Services, discuss four healthcare funding options for nonprofits.

Scott Rodgville , who authored a Baltimore Business Journal article , discusses tips for getting involved with charities from a board perspective.

Timing and preparation are two important factors when it comes to tax planning. As we approach tax season, one filing deadline arrives earlier than the others, which is the Form 1099 on January 31. Read the blog!

It’s back-to-school season, and while students prepare for another school year, now is the time for taxpaying parents and guardians to consider ways to potentially offset the cost of higher education. Fortunately, there are a number of tax breaks available for taxpayers to take advantage of in order to make the cost of higher education more bearable. Read the blog!

For the past two tax seasons, the filing deadline was extended due to extensive tax code changes brought on by the COVID-19 pandemic and various relief programs offered to taxpayers. While most taxpayers may be experiencing tax season fatigue, now is the time to take advantage of 2021 tax planning while taxes are still top of mind. Read the blog!

The Employee Retention Credit (ERC) was implemented to help aid small businesses with cash flow, depending on eligible salaries and eligible employers. Read the blog!