Gray, Gray & Gray, LLP

Press Release

Gray, Gray, & Gray Ranked Among Top New England Accounting Firms

Canton, MA  (April 1, 2019): Gray, Gray & Gray, LLP of Canton, MA, has been ranked as the ninth largest accounting firm in New England by Accounting Today, the accounting industry’s leading publication. The annual rankings are based on firm revenues. Gray, Gray & Gray is the fourth largest Massachusetts-based firm. “We are pleased to […]

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Gray, Gray & Gray Partners With LP Gas Magazine on 2019 Propane Industry Survey

GRAY, GRAY & GRAY PARTNERS WITH LP GAS MAGAZINE ON 2019 PROPANE INDUSTRY SURVEYCanton, MA  (March 20, 2019):  LP Gas Magazine and Gray, Gray & Gray Certified Public Accountants have announced that the magazine will serve as the media partner for the accounting firm’s annual propane industry survey. The survey, which is an important source

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Gray, Gray & Gray Partners With Oil & Energy On 2019 Energy Industry Survey

Canton, MA  (March 28, 2019):  Oil & Energy and Gray, Gray & Gray Certified Public Accountants have announced that the magazine will serve as the media partner for the accounting firm’s 28th annual energy industry survey. The survey, which is an important source for industry statistics and benchmarking data, will be available online at www.gggcpas.com/energy-survey-2019 beginning April

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Articles

5 Red Flags of License Royalty Payment Problems

By Kevin F. HowleyGray, Gray & Gray, LLP If you are a licensor of intellectual property, royalty payments are at the core of the value of your business. Your investment of time, talent and capital is repaid in installments from licensees. They are not sharing in their success, but fulfilling their end of a business

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Articles

Has Your A&E Firm Unknowingly Created State and Local Tax Exposure?

By Martin E. PrendergastGray, Gray & Gray, LLP If you are an architectural or engineering firm that does work in states other than your own, you may be on the hook for payment of state and local taxes. States and municipalities across the country are struggling to close budget gaps and fund obligations such as

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Articles

Avoid These Seven Mistakes in Succession Planning

Family businesses account for 64 percent of U.S. gross domestic product, generate 62 percent of the country’s employment, and account for 78 percent of all new job creation.1 Yet the average life span of a family business is a mere 24 years. Less than one in three family-owned businesses survive to be passed on to

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Articles

Should You Restructure Your Firm to Save on Taxes?

By Martin E. PrendergastGray, Gray & Gray, LLP One of the biggest changes to emerge from the Tax Cuts and Jobs Act of 2017 was a significant drop in the corporate tax rate, from 35% to 21%. However, this new tax rate only applies to businesses structured as C Corp entities. Does this mean that

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Press Release

James Donellon Elected Partner at Gray, Gray & Gray CPAs

Canton, MA (August 16, 2018):  James Donellon, CPA, MSA, has been elected a partner at Gray, Gray & Gray, LLP, a certified public accounting and advisory firm based in Canton, MA. The announcement was made by James DeLeo, Leading Partner of the firm. Donellon joined Gray, Gray & Gray in 2006, and most recently served

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Articles

Is Now the Time to Convert to a Roth IRA?

The reach of the recently enacted Tax Cuts and Jobs Act is far and deep, and even extends into the type of IRA you should consider:  regular or Roth? And if you have a regular IRA, should you convert it to a Roth IRA and when? Keep in mind that an investment in a regular

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