Gray, Gray & Gray, LLP

U.S. House Passes Act to Extend R&D Tax Credits

On January 31st, the U.S. House of Representatives passed the Relief for American Families & Workers Act of 2024, which includes significant changes to Section 174 Research and Development (R&D) expensing rules, enhancements to the Child Tax Credit, and restoration of several other business friendly provisions. The bi-partisan agreement still needs to be finalized and passed

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Andrea Cincotta of Gray, Gray & Gray Elected to Regional Chamber Board

Canton, MA (January 22, 2024):  Andrea Cincotta, CPA, MBA, a Manager with  Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, has been elected to the Board of Directors of the Neponset River Regional Chamber of Commerce. “It is a privilege and a pleasure to serve on the Board,”

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Gray, Gray, & Gray Promotes 6 Team Members

Canton, MA (January 17, 2024):  Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, has announced the promotion of six team members to new positions: Kerin Coleman has been promoted to Senior Staff Accountant in the Tax Department. She is a graduate of Merrimack College and joined the firm

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7 Fringe Benefits for Nonprofit Employers to Offer

One of the biggest challenges facing not-for-profit organizations is finding and retaining top-quality talent. It’s hard enough to overcome the perception — often a misconception — that nonprofits don’t pay their employees nearly as well as for-profit companies. When benefits are factored in, nonprofits can look more attractive. So you may want to review, and possibly

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R&D Deduction Update

By Martin E. Prendergast, MBAGray, Gray & Gray, LLP The U.S. tax code offers various provisions designed to incentivize business growth and innovation. Among them, Section 174 plays a crucial role by allowing businesses – including many in the architecture, engineering, design, and construction industries – the option to deduct or amortize research and experimental

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Year End Donation - Nonprofit

Boost Year-End Donations to Your Nonprofits

You likely already know that year end is the optimal time for not-for-profits to conduct gift-giving campaigns. Donors are more generous during the holidays, and many people wait until the last minute to make tax-deductible gifts before the Dec. 31 deadline. In fact, according to Double the Donation, 10% of all charitable giving occurs on the

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