By Julianne Schwallie, CPA, MBAGray, Gray & Gray, LLP What You’ll Learn Why nonprofit cash flow behaves differently from a typical business, and what that means for planning How to build a rolling cash flow forecast instead of relying on your annual budget alone Why restricted funds create a timing trap, and how to manage […]
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Canton, MA (July 13, 2026): Gray, Gray & Gray, LLP, an accounting and business consulting firm based in Canton, MA, has announced that Todd Donatello has been promoted to Managing Principal of the firm’s Sage Intacct & Advisory Practice Group. Gray, Gray & Gray’s Sage Intacct practice helps growing organizations move off spreadsheets and outdated
Canton, MA (July 13, 2026): Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, has announced the promotion of seven team members to new positions: Miyabi Armstrong has been promoted to Supervisor in the Audit & Assurance Department. She is a graduate of the University of Massachusetts-Boston. Nivetha Baskar,
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Canton, MA (June 23, 2026): More than 40 team members from Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, took part in a “Day of Service” on Tuesday, June 23, in conjunction with a statewide initiative on giving back to the community sponsored by MassCPAs. “At Gray, Gray
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By James A. DeLeo, MBA, CPA/MSTGray, Gray & Gray, LLP What You’ll Learn This article examines an underappreciated complication in the IEEPA tariff refund landscape: What happens to a refund claim when a business is sold between the time it paid the tariffs and the time the CAPE filing process opens? The answer depends on
Sold the Business? Here Is Where the IEEPA Tariff Refund Actually Belongs Read More »
By James A. DeLeo, MBA, CPA/MST Gray, Gray & Gray, LLP What You’ll Learn This article explains how to account for IEEPA tariff refunds under U.S. GAAP: the two primary models, which one applies based on how your company recorded the original tariff costs, how to classify refunds on your income statement and balance sheet,
Accounting for IEEPA Tariff Refunds: Which GAAP Model Applies to Your Business Read More »
Every purchase is a tax decision. Are you approaching these decisions strategically? By Martin E. Prendergast, MBAGray, Gray & Gray, LLP What You’ll Learn How Section 179 works and why it matters more than most architecture and design firm owners realize Which categories of equipment, software, and property qualify, including some that may surprise you
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The One Big Beautiful Bill Act introduced new requirements. This white paper outlines immediate actions that architecture and design firms should take. By Martin E. Prendergast, MBAGray, Gray & Gray, LLP What You’ll Learn The One Big Beautiful Bill Act, signed into law in July, 2025, significantly revised the tax code, affecting how architecture and
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A Strategic Guide for Architecture and Design Firms Doing Business Across State Lines By Martin E. Prendergast, MBAGray, Gray & Gray, LLP What You’ll Learn Why do architecture and design firms have greater SALT exposure than firms operating in only one state? How nexus is established and what triggers tax obligations in states where your
Effective Management of Complex State & Local Taxes Read More »
Did your small business spend money on research and development in 2022, 2023, and/or 2024, and capitalize them under the Section 174 rules in place at the time? If so, there is a window open right now that lets you recover tax you may not have realized you overpaid. That window closes on July 6,
A Hard Deadline Is Coming for Small Business R&D Tax Relief: Act Before July 6, 2026 Read More »