Many may keep working out of interest rather than need.Presented by Gray Equity Management, LLC Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew Charitable Trusts highlights how perceptions of retirement have changed for this generation. A majority of boomers expect to work in […]
Will Baby Boomers Ever Truly Retire? Read More »
If something sounds too good to be true, guess what: it probably is.Presented by Gray Equity Management, LLC If you are in or near retirement, it is a safe bet that you would like more yield from your investments rather than less. That truth sometimes leads liars, scammers and fraudsters to pitch any number of
Financial Fraudsters Preying on Boomers & Elders Read More »
By John W. Cashman, Jr., CPA, Tax Manager at Gray, Gray & Gray, LLPWith input from CPAmerica They say “rust never sleeps,” and the same is apparently true of those people responsible for the U.S. Tax Code. In the last three months of 2014, a number of tax law provisions were revised, some were newly
Catching Up With Recent Tax Changes Read More »
How long will it last? Who wins & loses from it?Presented by Gray Equity Management, LLC On the New York Mercantile Exchange, a barrel of light sweet crude is currently worth well under $60. Prices have dropped more than 25% in a month and almost 45% year-over-year. What is behind this freefall? How long will
What’s Fueling the Drop in Oil Prices? Read More »
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & GrayJanuary 2015 The title of this article is taken from the 1943 Broadway musical, Oklahoma. But it may also be applied to a very important tax concept that also originated with a musical great from an earlier decade. In 1930, songwriter George M.
By C. Joseph Ciccarello, CPA, MSTGray, Gray & Gray, LLP If you have built a flourishing chain of businesses over the years, your life has no doubt been focused on operational and financial issues related to the business. But it is essential that you also pay attention to your personal finances. In particular, you need
Has Your Succession Plan Kept Up With Your Success? Read More »
By Daniel C. Romano, CPA, PFS Partner at Gray, Gray & Gray, LLP Back in 2011, the federal government, in an effort to save money, stopped printing and mailing annual Social Security benefit estimate statements. Those paying into the program could still get their estimated benefits information online, but relatively few taxpayers registered. Last year
The Return of Printed Social Security Statements Read More »
By Joy Taylor, Kiplinger.com Short on personnel and funding, the IRS audits less than 1% of all individual tax returns annually. We expect the audit rate to fall even lower as resources continue to shrink and even more employees are reassigned to identity theft cases. So the odds are pretty low that your return will
14 IRS Audit Red Flags Read More »
By C. Joseph Ciccarello, CPA, MSTGray, Gray & Gray, LLP Are you still managing your service department the same way you did 20 years ago? By that I mean using manual scheduling and dispatch, paper invoicing, and “looks good” inventory management practices that have outlived their usefulness. If this describes your business, you are cheating
Bringing Your Service Department Into the 21st Century Read More »