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The Impact of the One Big Beautiful Bill Act on Section 174

Articles, Featured Events, News, News & Events, State & Local Tax Services, Tax Strategy & Compliance, Tax Tips / By

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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What’s in the One Big Beautiful Bill Act for Individual Taxpayers?

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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

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What’s in the One Big Beautiful Bill Act for Privately Held Businesses?

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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

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5 Financial Management Challenges Nonprofits Face During a Construction Project

Articles, Construction, Featured Events, News, News & Events, Non-Profit, Sage Intacct / By

For many nonprofits, launching a construction project marks a pivotal moment. Whether it’s building a new sanctuary, expanding a food bank’s warehouse or developing a community center, construction can dramatically increase your organization’s capacity to serve. But along with the promise comes financial complexity- and potential pitfalls. Unlike routine operating expenses, construction introduces a host

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Building with Fiscal Accountability

Articles, Construction, Featured Events, News, News & Events, Non-Profit, Sage Intacct / By

Sage Intacct Financial Software for Nonprofit Construction When your nonprofit construction initiative outgrows basic accounting systems, you need more than just software – you need a strategic partner who understands both the technical complexities of enterprise resource planning and the unique financial challenges of mission-driven building projects. Gray, Gray & Gray specializes in implementing Sage

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The Importance of Working Capital Analysis in Search Fund Transactions

Articles, Featured Events, Jim DeLeo, Merger & Acquisition Services, News, News & Events, Search Fund / By

By James A. DeLeo, MBA, CPA/MSTGray, Gray & Gray, LLP When working in the entrepreneurship through acquisition (ETA) space, search fund investors and operators face countless critical decisions during the deal process. Among these, understanding and accurately analyzing working capital stands as one of the most consequential, yet frequently misunderstood, aspects of a successful transaction.

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How to Use Simulated Phishing in Cyber Security Training

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By Nathaniel C. Gravel, CISA, CISM, CRISCGray, Gray & Gray, LLP Simulated phishing has become an essential component of comprehensive security training programs. This practice isn’t just for enterprise-level organizations – businesses of all sizes can and should implement phishing simulations to strengthen their security posture and meet compliance requirements. Understanding Phishing and Its Dangers

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Creating a Business Continuity Plan to Mitigate Cyber Risks

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By Nathaniel C. Gravel, CISA, CISM, CRISC Gray, Gray & Gray, LLP In today’s digital-first business environment, cyber risks are no longer a matter of “if” but “when.” For business owners, CEOs and CFOs, the stakes are higher than ever. A single cyber incident can disrupt operations, erode customer trust and result in significant financial

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The Hidden Growth Engine: Why Every SMB Needs a Comprehensive Business Assessment

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As a business owner, do you often find yourself trapped in reactive mode – putting out fires, chasing immediate revenue and managing day-to-day operations without stepping back to see the bigger picture? While this approach might sustain short-term survival, it rarely creates the foundation for sustainable growth and long-term success. The solution lies in conducting

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What’s the Difference Between a CFO and a Controller?

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Growing businesses in need of enhanced financial management and direction can fall into the trap of confusing the roles of Controller and Chief Financial Officer (CFO). They are not the same. While both positions are integral to financial management, they serve fundamentally different purposes within an organization’s structure and strategy. Understanding the Strategic CFO Role

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