The Inflation Reduction Act that became law in August included a provision that increases, expands, and extends the investment tax credit (ITC) for solar photovoltaic systems installed on residential properties. The law restores the 30% tax credit that was previously available for systems installed prior to 2020 and is applicable to qualifying installations completed between …
On November 8 voters in Massachusetts narrowly approved a constitutional amendment authorizing an additional personal income tax of 4 percent on all annual income above a $1 million threshold. While similar amendments have been proposed and voted on in prior years, this is the first time the measure has passed. Proponents estimate the new tax, …
Canton, MA (November 4, 2022): Gray, Gray & Gray, LLP, one of the country’s leading consulting, accounting and business advisory firms, will host “Building a Winning Business Strategy,” a year-end planning seminar for businesses and individuals. The seminar will be held on Thursday, December 1, 2022, from 8 am – Noon at the firm’s offices …
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Learn more about adding a lease in LeaseJava with this Quick Reference Guide. To assist our clients with meeting the new lease accounting standards, Gray, Gray & Gray has partnered with LeaseJava, a software platform that simplifies the new reporting process. We can provide you with access to enter the lease information on your own or …
Happy November! As the holiday season approaches, we would like to reflect on all that we are thankful for as a firm, most importantly our amazing team members! To show our tremendous gratitude, Gray, Gray & Gray is giving the gift of MORE this Thanksgiving holiday. More time with family and friends. More time for …
Building A Winning Business Strategy Thank you for joining us for Gray, Gray & Gray’s Year End Planning Seminar! What will it take to thrive in 2023? Learn about the latest tax updates and how mid-term elections could impact the tax landscape. Discover more about the complex new Lease Accounting requirements and how to prepare …
https://youtu.be/OU7nztx8CmY Download the presentation here. Learn More About the New Lease Accounting Standards Here After much debate and delay the long-anticipated changes to accounting standards for commercial and residential leases (FASB accounting standards for leases) are finally being implemented. The new standards will have an across-the-board impact for property owners, property managers, and lease tenants. In …
Managing the New Accounting Requirements for Leases Webinar Recording Read More »
After much debate and delay the long-anticipated changes to accounting standards for commercial and residential leases (FASB accounting standards for leases) are finally being implemented. The new standards will have an across-the-board impact for property owners, property managers, and lease tenants. In short, the way you report lease income and lease expenses on your financial statement …
Managing the New Accounting Requirements for Leases Webinar Recording Access Read More »
By Nathaniel C. Gravel, CISA, CISM, CRISC Hundreds of thousands of organizations in the U.S. and around the world rely on Microsoft’s Office 365 software suite to run their businesses. But recent events have shown that even this highly regarded software is vulnerable to penetration by increasingly sophisticated methods used by cyber criminals. The biggest …
With inflation continuing to pose a financial challenge American taxpayers will soon be getting some relief from the Internal Revenue Service (IRS). Annual inflation adjustments made by the IRS went into effect in 1985. For the 2023 tax year the IRS is increasing the standard deduction and adjusting the income limits for tax brackets. The …