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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Gray, Gray & Gray’s 2019 Energy Industry Survey is here! Your participation will help us to create an overview of the retail oil and propane industry, providing helpful insights and setting industry standards against which you can measure your own company’s results.
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By Martin E. PrendergastGray, Gray & Gray, LLP The Tax Cuts and Jobs Act of 2017 included several provisions lowering tax rates for both C Corps and many pass-through entities such as S Corps, LLCs, partnerships, and sole proprietors. C Corps received a drop in their corporate tax rate from 35% to 21%. Pass-through entities
A Tax Law Benefit for Architects and Engineers Read More »
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
James Donellon Elected Partner at Gray, Gray & Gray CPAs Read More »
Cryptocurrency, including such online currencies like Bitcoin or other “virtual” currencies, are posing their own unique challenges to the Internal Revenue Service (IRS) and U.S. taxpayers. According to a CNBC report, “Almost every bitcoin or other ‘altcoin’ transaction – mining, spending, trading, exchanging, air drops, etc. – will likely be a taxable event…” Although both
Offshore Cryptocurrency Reporting Read More »
Gray, Gray & Gray is pleased to present the results of our 2018 Energy Industry Survey! Please complete the brief form below to access a PDF of the results with BONUS trends report.
https://www.youtube.com/embed/Yt40qU5k6Wo Future-proof your business with cloud accounting from Sage Intacct — including gaining flexibility by switching from outdated, limited systems, as well as streamlining financial processes to save time and manage staffing levels. LEARN MORE ABOUT SAGE INTACCT HERE MORE SAGE INTACCT NEWS 7 Reasons to Move to Cloud Financials Now7 Steps to a Faster,
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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
Is Now the Time to Convert to a Roth IRA? Read More »
Every restaurant owner and manager on the planet wants to improve customer experiences, strategize growth and enjoy their family and friends. They just don’t have the time!Outsourced accounting is enabling hard-working restaurateurs to focus on what matters, not on the books. This article will help you learn how to: Solve the challenge of hiring and
By Kevin F. Howley, CPAGray, Gray & Gray, LLP Royalty payments from the licensing of intellectual property can be a significant source of revenue for a business. But not all licensees keep up to date with their royalty payments, and others may pay a lower amount than required by their agreement. Which is why a
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