As seen in… To have reported growth during the COVID pandemic was surprising; to have reported double-digit growth is nothing short of astonishing — and yet that’s precisely what the largest firms in accounting did last year. The firms in Accounting Today’s 2023 Top 100 Firms roster of the largest practices in the country reported that their revenues grew by 18.55% in 2022, while the members of our Regional Leaders rankings reported average individual growth rates ranging from 10.52% to as much as 20.5%. (See the full Top 100 and Regional Leaders report.) Fully 69% of the firms in the Top […]
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Gettry Marcus News
Financial News: U.S. Banking System
March 13, 2023Since Friday, March 10, 2023, the banking industry has dominated the news with regulators regarding Silicon Valley Bank and Signature Bank among others. The Federal government introduced emergency measures to give bank customers access to their depository funds in excess of the $250,000 FDIC-insured amounts for one year. This was done to smooth markets, stop potential bank runs, head off a systemic banking situation, and more. Although the Federal government believes a banking crisis was averted with the actions it and others undertook, it is not truly known if these measures will work as intended and if so, for how […]
More [+]WEBINAR: Selling Your Business – A Practical Approach to Negotiating Deal Terms – How to Avoid the Most Common Pitfalls In Deal Negotiations
February 10, 2023Gettry Marcus CPA, P.C. is Pleased to Present Selling Your Business – A Practical Approach to Negotiating Deal TermsHow to Avoid the Most Common Pitfalls In Deal Negotiations Thursday, April 6, 2023 | 12:00 p.m. – 1:00 p.m. Webinar Description You are considering selling your business or will soon be entering into negotiations with a prospective buyer. While the negotiated purchase price is of primary importance, other “devils are in the details” terms of a proposed transaction can be equally important to avoid unintended consequences leading up to and/or after the transaction closes. Gettry Marcus’ M&A Transaction Advisory Services Group invites […]
More [+]WEBINAR: Exploring and Evaluating Opportunities in Today’s Market – Successful Strategies for Identifying and Pre-Qualifying Buyers
Gettry Marcus CPA, P.C. is Pleased to Present Exploring and Evaluating Opportunities in Today’s MarketSuccessful Strategies for Identifying and Pre-Qualifying Buyers Thursday, May 11, 2023 | 12:00 p.m. – 1:00 p.m. Webinar Description You’ve been receiving unsolicited calls and e-mails from business brokers on a regular basis who claim that they can sell your business for tens of millions of dollars. In many cases, they are making these representations without ever being given any financial information about your business. Yet you are curious to hear more, but just not sure how or if you should proceed. You recognize that “going down […]
More [+]WEBINAR: Growing and Building Value for Your Business – The Role of Accounting and Financial Reporting
Gettry Marcus CPA, P.C. is Pleased to Present Growing and Building Value for Your BusinessThe Role of Accounting and Financial Reporting June 15, 2023 | 12:00 p.m. – 1:00 p.m. Webinar Description Accounting and financial reporting is the backbone for measuring a business’s profitability and financial strength. However, as many businesses grow, their accounting and financial reporting typically lag behind. This may result in management’s inability to provide prospective investors with the financial information they need to properly assess a company’s earnings. This can result in a reduction of the negotiated purchase price and/or a deal possibly failing. Gettry Marcus’ M&A […]
More [+]WEBINAR: Exit Planning for Business Owners – Creating a Strategic Plan to Ensure a Profitable Transition to Retirement (or Your Next Phase in Life)
February 9, 2023Gettry Marcus CPA, P.C. is Pleased to Present Exit Planning for Business OwnersCreating a Strategic Plan to Ensure a Profitable Transition to Retirement (or Your Next Phase in Life) Thursday, March 2, 2023 | 12:00 p.m. – 1:00 p.m. Webinar Description As a business owner, you’ve invested so much of your working life in your business – growing the business, managing your employees, putting out fires. And now your situation has changed – maybe planning for retirement; perhaps an unexpected event in your life has taken place; maybe it’s just the right time to “cash out”; or maybe it’s just time to […]
More [+]SECURE 2.0 Act of 2022
January 16, 2023On December 29, 2022, President Biden signed the Consolidated Appropriations Act, 2023 into law. The Act does not include any major tax provisions but it does include the long-awaited SECURE 2.0 Act of 2022. The Act builds upon the provisions of the original SECURE Act from 2019 and further ensures that more Americans can save for retirement and increase the amount they are able to save. It does this by expanding upon automatic enrollment programs, helping to ensure that small employers can easily and efficiently sponsor plans for employees, and enhancing various credits to make saving for retirement beneficial to […]
More [+]Restaurant Revitalization Fund: Use of Funds Validation Interim Reporting Deadline Due December 31, 2022
December 14, 2022The American Rescue Plan Act of 2021 established the Restaurant Revitalization Fund (RRF) to provide much needed funding to restaurants and other eligible businesses that suffered revenue losses as a result of the pandemic. RRF proceeds are to be used for specific expenses including, but not limited to the following: Business owners who received RRF monies must use all of these funds by March 11, 2023, on eligible expenses incurred between February 15, 2020, and March 11, 2023. Recipients that are unable to use all RRF funds on eligible expenses by the March 11, 2023 date must return the portion of […]
More [+]Tax Credits for Buying a Plug-In Electric Vehicle
November 16, 2022The recently passed Inflation Reduction Act of 2022 includes changes to the credit available for electric vehicles. The changes are complex, and phase in over time. If you are in the market for an electric vehicle, a review of the new rules can help you maximize the credit you are allowed. North American assembly requirement. One of the new rules is in effect for vehicles delivered after August 16, 2022. To qualify for the electric vehicle credit, final assembly of the vehicle must take place in North America. You can check whether a particular vehicle meets this requirement by entering […]
More [+]IRS Surprise Announcement: Automatic Abatement of Failure to File Penalties for Tax Year 2019 and 2020
August 29, 2022Taxpayers affected by the Covid-19 pandemic will be relieved of certain listed failure-to-file penalties relating to 2019 and 2020 tax returns without having to request the relief. For income tax filers to qualify for this penalty relief, any “eligible income tax return” must be filed on or before September 30, 2022. Common eligible returns include: Form 1040, U.S. Individual Income Tax Return Form 1041, U.S. Income Tax Return for Estates and Trusts; Form 990-PF, Return of Private Foundation; Form 1120, U.S. Corporation Income Tax Return; Form 1120-S, U.S. Income Tax Return for an S corporation, and Form 1065, U.S. Return […]
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