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
Maximizing Section 179 Deductions for Architects & Design Firms Read More »
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
The Moving Target of R&D Tax Credits Read More »
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 »
By Derrick Rebello, CPAGray, Gray & Gray, LLP Table of Contents In recent years, manufacturers have faced significant tax challenges, including mandatory R&D capitalization that increased taxable income, reduced equipment write-offs due to bonus depreciation phase-downs, and evolving state incentives. As a result, many missed out on valuable tax benefits. This landscape has now changed
Maximizing Tax Credits and Incentives for U.S. Manufacturers Read More »
Ensuring Firm Continuity Through Strategic Succession Planning By Martin E. Prendergast, MBAGray, Gray & Gray, LLP What You’ll LearnThis white paper provides a practical framework for succession planning in architecture and design firms. By the end, you will understand: Why succession planning is more complex for design firms than for most other professional services businesses,
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Backed by Gray, Gray & Gray’s more than 80 years of experience serving architecture and design firms, this customized Comments & Highlights Benchmarking Report delivers meaningful financial insights, so you can see how your organization compares across key industry benchmarks. Through expert analysis and peer comparisons, the report helps you: Identify financial strengths and performance
Eligibility Open to attendees of the AIA Conference (June 2026) who complete the giveaway entry form during the Entry Period. Employees, officers, and directors of Gray, Gray & Gray and its affiliates, and members of their immediate families and households, are not eligible. Void where prohibited. How to Enter / Entry Period To enter, scan
Comments & Highlights Benchmarking Report Giveaway – Terms & Conditions Read More »
What You’ll Learn This article walks through the mechanics of the CAPE filing process for IEEPA tariff refunds: who can file, what Phase 1 covers, how to prepare your data, what mistakes are sinking claims in the early filing surge, and what to do if your company was not the Importer of Record on your
How to File for Your IEEPA Tariff Refund Through the CAPE System Read More »