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Real Estate Tax Accounting May Never Be the Same
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & Gray, LLP Recently there have been significant changes in the tax treatment of capitalization and expensing of real estate. While the new rules are complex, it is important for all businesses owning real estate to understand the tax options now available. The
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The Latest “Spoofing” Scam Appears to Come from the Corner Office
That email from the boss asking for personal data on employees could be a fraudulent attempt to steal their identities. That’s the warning from the Internal Revenue Service (IRS) on the latest online “spoofing” scam to rear its ugly head. The IRS issued an alert to human resources and payroll professionals to warn them about
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Why Buyers Need to Pay Attention to Employee Benefits
Employee benefits can be critical to the success of an M&A deal’s integration phase. If handled poorly, the process of transferring and restructuring benefits might alienate key employees — and even expose buyers to legal claims. To avoid such consequences, review your target company’s current benefits package before the deal closes. In particular, keep an
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Attention Online Shoppers: Your State Wants Their Sales Tax
The ongoing battle over the collection of sales tax by online retailers has taken a new turn following a ruling by a federal appeals court that could pave the way for states to collect tax on online sales. The 10th U.S. Circuit Court of Appeals in Denver this week reversed a lower court ruling that
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College Funding Options
You can plan to meet the costs through a variety of methods.Presented by Gray Equity Management, LLC How can you cover your child’s future college costs? Saving early (and often) may be the key for most families. Here are some college savings vehicles to consider. 529 plans. Offered by states and some educational institutions, these
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Take Your Career Beyond the Numbers
Take Your Career Beyond the Numbers With Gray, Gray & Gray! Gray, Gray & Gray is one of the leading independent certified public accounting and business advisory firms in New England. Named as one of the “Best Accounting Firms to Work For” by Accounting Today, our firm has steadily grown in size, scope and reputation since
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Massachusetts Announces 2016 Tax Amnesty Program
If you owe back taxes to the Commonwealth of Massachusetts, you may be able to avoid paying penalties by participating in the state’s 2016 Tax Amnesty. From April 1 through May 31, 2016, the Massachusetts Department of Revenue (DOR) will allow individuals and businesses to “catch up” on back taxes (with certain exceptions). If you
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Wealth Management Press Releases
Our Press Releases Helpful articles and links to get you on the right track! Sign up for our Life Happens newsletter!
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