News & Updates

Starting January 1, 2024, many U.S. companies will be required to report information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This new requirement aims to combat money laundering, terrorist financing, and other illicit...

Are you considering taking the entrepreneurial plunge and starting your own business? Congratulations on taking this exciting step towards realizing your dreams! As you embark on this journey, it’s essential to establish a solid foundation, and that begins with...

Each year, one of the most discussed financial planning topics centers around the Roth IRA, including the slightly more complex Backdoor Roth IRA.  Contributing to a Roth IRA through traditional means or through the backdoor strategy provides many potential tax...

In today's interconnected world, investors have access to a wider range of investment opportunities than ever before. However, with this increased choice comes the challenge of assessing the risks and rewards of each investment. One way to boost investor trust is to...

Are you looking to make a difference in your community while also enjoying some tax benefits? Charitable contributions offer a fantastic way to do just that. By donating to a registered non-profit organization, you not only support a cause you're passionate about but...

In the journey of business growth, the need to bring in additional help becomes inevitable. As you find yourself grappling with overwhelming demands and nonessential tasks, the question of whether to hire someone as an employee or an independent contractor often...

In today's intricate financial landscape, the term "assurance" has become synonymous with trust and reliability, verification, and validation in business. Grapp Lerash, with its unwavering commitment to client care, emphasizes that beyond the complexity of this term,...

In the intricate world of accounting, two methods stand prominently: Accrual basis and Cash basis Accounting. While both offer unique insights into a business's financial health, understanding the fundamental differences between them is crucial for financial decision...

  Estimated tax payments are an essential part of the tax system for individuals and businesses in the United States. They help ensure that taxpayers meet their tax obligations throughout the year rather than in one lump sum during tax season. In this brief...

The Cannabis Regulatory Agency (CRA) sent out first notices to licensees with Annual Financial Statements (AFS) due June 30, 2023. These notices detail the requirements to submit an AFS, the reporting period, the due date, and which licenses must be included in the...