Articles

Revenue Recognition Policies and Their Impact on ETA Valuation

By Richard Frizzell, CPA, MSA Gray, Gray & Gray, LLP Revenue recognition, while a seemingly technical accounting concept, has far-reaching implications for search fund operators. As searchers evaluate potential targets, the revenue recognition policies in place can significantly impact not only reported financial performance but also the underlying valuation of the business. Understanding these nuances […]

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How AI is Changing the Integration Process

By Ashton Vigueras-LaRochelleSenior Integrations ConsultantGray, Gray & Gray, LLP In the past 20 years numerous technological shifts have reshaped how organizations connect their systems and how users interact with technology. But the introduction of artificial intelligence into the equation presents a significant paradigm shift – perhaps one of the most transformative and revolutionary since the

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Understanding EBITDA in the Search Fund Context

By James A. Donellon, CPA, MSA Gray, Gray & Gray, LLP For search fund operators and entrepreneurs through acquisition (ETA), few financial metrics carry as much weight as EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization). This metric serves as the foundation for business valuation, particularly in the lower middle market where most search funds

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API Management in Successful Systems Integration

By Ashton Vigueras-LaRochelleSenior Integrations ConsultantGray, Gray & Gray, LLP Successful systems integration has become the cornerstone of digital transformation initiatives. At the heart of these integration efforts lies API management, a critical discipline that determines the long-term success and sustainability of connected systems. After helping multiple enterprises navigate complex integration challenges, I’ve observed that organizations

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Key Considerations in Choosing the Right Accounting Firm for Your Search Fund

By Richard Frizzell, CPA, MSAGray, Gray & Gray, LLP Selecting the right accounting firm represents a critical decision for a search fund entrepreneur. A well-chosen accountant not only ensures regulatory compliance but also adds significant value during your search process, transaction phase and post-acquisition operations. With the unique challenges that searchers, from raising capital to

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Structuring and Tax Efficiency for Search Funds

By Kelly A. Berardi, JD, LL.M Gray, Gray & Gray, LLP In the entrepreneurial landscape, search funds have emerged as a compelling path for aspiring business owners to acquire and operate established companies. As search fund activity continues to grow, entrepreneurs and investors alike face critical decisions regarding fund structure and tax planning that can

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Why Ransomware is a Growing Threat to Businesses of All Sizes

By Nathaniel C. Gravel, CISA, CISM, CRISCGray, Gray & Gray, LLP Ransomware has transformed from a relatively simple nuisance into one of the most persistent and damaging cybersecurity threats facing organizations today. Businesses of all sizes – from small local operations to multinational corporations – have fallen victim to increasingly sophisticated attacks. The threat landscape

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What a Massachusetts Charitable Donation Cap Might Mean for Your Nonprofit

By Michael Cecere, CPA, MST & Julianne Schwallie, CPA, MBA Gray, Gray & Gray, LLP The landscape of charitable giving has evolved through various tax policy changes over the years. The current proposal by Massachusetts Governor Maura Healey to cap charitable deductions represents one of the most significant shifts we’ve seen in decades. If implemented,

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Checklist to Prepare for a Nonprofit Audit

By Michael Cecere, CPA, MST & Julianne Schwallie, CPA, MBA Gray, Gray & Gray, LLP Nonprofit organizations continue to play a pivotal role in society, tackling diverse challenges and enriching communities through their endeavors. Their financial integrity is crucial to maintaining public trust and ensuring the continued impact of their work. Annual audits serve as

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Best Practices for Transparency in Financial Reporting for Nonprofits

By Michael Cecere, CPA, MST & Julianne Schwallie, CPA, MBA Gray, Gray & Gray, LLP To retain the trust and support of donors and the public, nonprofit organizations must maintain high levels of transparency, particularly in their financial reporting. Transparency helps to build trust and demonstrate that the organization is using its resources responsibly and

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