Never Miss A Blog Post!
Credit Unions, Save Time and Money with Our Audit Prep Tips
Credit Unions, it’s time to begin prepping your year-end audit. But first, slow down! At Griffin & Furman, LLC, we know that this season typically is a stressful time for Supervisory Committees and management—and it doesn’t have to be. Get going with these three...
Secure Your Tax Records During Hurricane Season
As we head into the peak of hurricane season, taxes are most likely not your highest priority. But, as with any potential disaster, it’s incredibly important for taxpayers to protect records and key documents—not only for your peace of mind but to aid in any recovery...
3 Strategies for an Efficient Supervisory Committee
With the rising expectations of Supervisory Committees, volunteers face the real challenge of staying up to date with regulatory requirements. Luckily, there are steps that the team can take to stay on track—all it takes is a little bit of consistency. Implement...
Student Loan Repayments Are Back in October—Here’s How to Prepare
Big adjustments are coming for borrowers. Student loan payments and subsequent interest have been on pause for three years (and through nine extensions). Now, that policy is officially expiring. [1] Due to a provision in the debt ceiling deal, the U.S. Department of...
Small Business Owners: Improvements Coming to IRS Online
Small business owners are getting an upgrade in customer service options. With the Inflation Reduction Act of 2022, the IRS has implemented a Strategic Operating Plan to dramatically improve services and help taxpayers meet their obligations. With this plan, the IRS...
8 Steps to Avoid Becoming a Victim of Personal Financial Fraud
Identity theft can happen to anyone—and in 2023, it certainly did. The IRS flagged more than 1 million tax returns as potentially filed by personal identity thieves by early March 2023, noted by the U.S. Department of Treasury. [1] These numbers might sound...
Do This, Not That: Common Social Security Mistakes
Social Security is an important benefit for Americans—and yet, many do not fully understand the strategy that goes into managing Social Security income. The Harris Poll and the Nationwide Retirement Institute recently found that only 54% of Americans who are not...
NCUA Call Report Changes in March 2023
The National Credit Union Administration 5300 Call Reports are quarterly listings of summarized accounts collected from all federally insured credit unions. These must be filed about 30 days after the end of each quarter—so before you file, make sure that you make...
New Rules, Same Ways to Reduce Your Tax Bill
With new and changing laws every year, it is increasingly easy for taxpayers to overlook deductions and credits that may reduce their tax liability. This year, we want to highlight the American Plan Rescue Act of 2021—which fleetingly increased specific tax credits...
CPA Firm, Griffin & Furman, Expands Footprint in Louisiana
Baton Rouge, Louisiana (October 6, 2022) – Griffin & Furman, LLC, certified public accounting firm, is expanding its footprint in Louisiana with the addition of a Baton Rouge office. Effective September 16, 2022, Michael R. Choate and Company CPAs merged into...