Articles

Do you use a third party payroll management service? If so, it is critically important to keep your finger on the pulse of your payroll processing and employment taxes. Outsourcing payroll does not mean your company is immune from IRS scrutiny when it comes to unpaid employment taxes. Relying on an outside payroll firm to […]

Gray, Gray & Gray presents the following “Employee Retirement Income Security Act (ERISA)/Employee Benefits Legal Compliance Checklist,” courtesy of The Wagner Law Group. 1. Welfare Benefit Plans Do you have an ERISA-compliant welfare benefit or wrap plan document? Do you have an ERISA-compliant summary plan description? To the extent that the plans are self-insured, are

By Michael D. Koppel, CPA, MSA, PFS, CITPGray, Gray & Gray, LLPMarch 2013 If your company hires independent contractors in any capacity, be prepared to prove their independence, or you may face fines, penalties and back taxes. Ouch! The Internal Revenue Service (IRS) and Department of Labor have announced plans to aggressively crack down on

The Internal Revenue Service (IRS) wants to help you keep your identity safe from on-line thieves. The IRS has issued a proposal to allow some tax filers to use a truncated taxpayer identification number on certain forms and tax documents. However, there are no plans at this time to allow individuals to use a shortened

Joe Ciccarello, CPAGray, Gray & Gray, LLPApril 2012Should I stay or should I go now?If I go there will be trouble.If I stay it will be double. If you are old enough to remember these lyrics from The Clash, you are probably old enough to have retirement on your mind. And, given the very challenging

Joe Ciccarello, CPAGray, Gray & Gray, LLPAugust 2012 Have you seen the motion picture Moneyball? Or read the Michael Lewis book of the same name? If so, you know how general manager Billy Beane (portrayed in the movie by Brad Pitt) transformed the way the Oakland A’s baseball team managed the critical process of player selection and development.

Joe Ciccarello, CPAGray, Gray & Gray, LLPJuly 2012 Can you predict the winner of the Kentucky Derby in the year 2017? How about taking a guess at where the stock market will close on July 1, 2017? Or how much a barrel of crude oil will cost five years from today?Nobody can predict these events with any

Michael L. Cecere, CPA, MSTPartnerGray, Gray & Gray, LLP Certified Public Accountants Companies set up a 401(k) plan for their employees for many reasons. As a vehicle that can help supplement social security income for their employees’ retirement years, a 401(k) is an important recruiting and retention tool and an excellent alternative to a traditional,

By Michael D. Koppel, CPAGray, Gray & Gray, LLPApril 2012 As a tax accountant my job is to make sure my clients meet their legal obligations to the Internal Revenue Service, while helping them to retain as much of their assets as possible. It is a delicate balance that may soon be tipped further in

“Mind your Own Business”A Radio Show for Entrepreneurs by EntrepreneursGray, Gray & Gray Partner, Rich Hirschen, made a guest appearance on the “Mind your Own Business” Radio Show on March 26th! The show provides advice, information and connections for entrepreneurs, service providers and established companies. The show was aired on the following local stations:WBNW 1120 AM – Needham,