“We were too big to be small, and too small to be big. The liquid fuel industry is shrinking, and we were growing increasingly uncomfortable with industry trends.” That is how Chuck Holden, President of Holden Oil, a third-generation fuel oil and propane company based in Peabody, Massachusetts, describes the situation he found his family’s …
Achieving Success Through an Integrated Approach to a Business Sale Read More »
By Bobby Garrett Director of IT & Cybersecurity Gray, Gray & Gray, LLP Architectural and engineering firms that have not yet implemented a Written Information Security Plan (WISP) for their business are taking a huge risk. Data breaches and security hacks occur every day, affecting firms of all sizes and types. In just one example, …
Securing Private Data is No Longer an Option – Why You Need a WISP Read More »
By Michael Cecere, CPA, MST Gray, Gray & Gray, LLP Most Certified Public Accounting (CPA) firms provide audits of financial statements. But that does not mean all audits are created equal. Although there are accepted standards for the audit process (Generally Accepted Auditing Standards, or GAAS), the quality and accuracy of audit examination and reporting …
Canton, MA (August 31, 2021): Tom Yuen, CPA, MST, a partner at Gray, Gray & Gray, LLP, a business consulting and accounting firm, has been named to the Boston Business Journal’s 2021 “40 Under 40” list, an award that celebrates the city’s best and brightest young professionals. Yuen leads Gray, Gray & Gray’s Life Sciences …
Gray, Gray & Gray’s Tom Yuen Named to Boston Business Journal “40 Under 40” List Read More »
In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter where you live, unexpected disasters may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act (TCJA), eligible casualty loss victims could claim a deduction on their tax returns. But there …
You Can Only Claim A Casualty Loss Tax Deduction In Certain Situations Read More »
Canton, MA (August 23, 2021): Gray, Gray & Gray, LLP (www.gggllp.com), a certified public accounting, consulting and business advisory firm based in Canton, MA, has been named to “Best of the Best” as one of the nation’s best-managed firms by INSIDE Public Accounting magazine. The publication’s annual “Best of the Best” list recognizes the 50 …
Gray, Gray & Gray Named to “Best of the Best” Accounting Firms Read More »
2021 Results Are In! Thank you to everyone who participated in this year’s propane survey. Please complete the form below for access to a copy of the Overall Results as well as Regional Breakouts. Upon completing the form, you will receive an email containing the PDF download. Please feel free to contact our Energy team at 781.407.0300 …
2021 Results Are In! Thank you to everyone who participated in this year’s energy survey. Please complete the form below for access to a copy of the Overall Results as well as Breakouts by Company Size (based on Residential Fuel Oil Gallons). Upon completing the form, you will receive an email containing the PDF download. …
Legislation filed in Congress could have a significant impact on gift and estate planning. It is important that those who are likely to be affected know what the proposed legislation entails and how it might make changes to estate planning advisable – even necessary. Unlike typical tax legislation, these measures have the potential to be …
Proposed Changes to Gift and Estate Tax Could Have Huge Impact Read More »
Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray The Employee Retention Tax Credit (“ERC”) has provided many employers with significant tax credits for retaining workers. While the Paycheck Protection Program (“PPP”) …
Koch’s Corner: Accounting for the Employee Retention Tax Credit Read More »