By Marty Kirshner, CPA, MSA & Bill ConstantopoulosGray, Gray & Gray, LLP Growth is the goal. Until it isn’t managed well, and then it becomes the problem. What You’ll Learn Why entry-level accounting software like QuickBooks becomes a liability when your fuel distribution business starts to grow, and what that gap costs you. How to […]
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By Bill ConstantopoulosGray, Gray & Gray, LLP ERP financial software can be a blessing for diocese financial managers. But before demos, vendor selection, or the implementation kickoff, there is a foundational task that shapes the entire project: your chart of accounts (COA). It’s never too early to begin reviewing and redesigning your COA. Do not
Integrated job cost management keeps projects profitable from bid to closeout By Derrick Rebello, CPA, Brad Carlson, & Bill ConstantopoulosGray, Gray & Gray, LLP Table of Contents Construction margins are thin, and pressure on them continues to grow. Material prices remain unpredictable, labor costs continue to climb, and the gap between what a job was estimated
How the Right Software Helps Construction Companies Plan, Budget, and Protect Margins Read More »
How to stop losing money you already earned By Derrick Rebello, CPA & Brad Carlson Gray, Gray & Gray, LLP Table of Contents If you’ve worked in construction for a while, you remember when material prices were just a simple number. You’d call a supplier, get a quote, add it to your estimate, and move
Protecting Margins in an Era of Volatile Material Costs Read More »
By Derrick Rebello, CPAGray, Gray & Gray, LLP The signing of the One Big Beautiful Bill Act on July 4, 2025 represents a watershed moment for financial leaders in the manufacturing and distribution sectors. This sweeping tax legislation fundamentally reshapes the strategic tax planning landscape, creating both substantial opportunities and new complexities that demand immediate
Strategic Tax Planning for Manufacturing and Distribution Under OBBBA Read More »
By Tom Yuen, CPA, MST Gray, Gray & Gray, LLP The biotechnology and life sciences sector is experiencing one of its most difficult periods in recent memory. What industry insiders have dubbed the “biotech winter” represents a perfect storm of reduced revenue streams, tightened federal funding, elevated interest rates, and increased investor skepticism. As an
Essential Financial Moves to Help You Survive the Biotech Winter Read More »
By Tom Yuen, CPA, MST Gray, Gray & Gray, LLP Executive Summary The Trump Administration’s new $100,000 H-1B visa application fee, which went into effect on September 21, 2025, has fundamentally altered the economics of hiring high-skilled foreign workers. This one-time fee applies only to new H-1B petitions for workers from outside the U.S. and
Should You Pay the New $100,000 H-1B Fee? Read More »
The recently enacted One Big Beautiful Bill Act (OBBBA) brings significant changes to the U.S. tax code, particularly affecting Section 174, which governs the tax treatment of research and experimental (R&E) expenses. For business owners and tax managers, understanding these changes is crucial for effective financial planning, compliance, and informed strategic decision-making. Here are the
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The One Big Beautiful Bill Act (OBBBA), signed into law by President Trump on July 4, 2025, represents the most significant tax legislation since the 2017 Tax Cuts and Jobs Act. This comprehensive reform package permanently extends and expands numerous tax provisions while introducing new benefits specifically targeting individual taxpayers, high net worth individuals, business
What’s in the One Big Beautiful Bill Act for Individual Taxpayers? Read More »
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, represents the most significant tax reform since the Tax Cuts and Jobs Act of 2017, delivering substantial benefits for privately held businesses through permanent tax provisions and enhanced depreciation allowances. Pass-Through Business Tax Benefits The Act permanently extends and enhances the
What’s in the One Big Beautiful Bill Act for Privately Held Businesses? Read More »