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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 […]

Click HERE to view this important letter concerning the U.S. Treasury Department Regulations on Written Tax Advice.

“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,

Estimated Net Equity % (Organizational Equity) is one of the financial ratios that McDonald’s considers when evaluating financial health and viability. Net Equity should be at least 25%, which matches the initial equity injection required on existing restaurant purchases. The value of the business, minus debt on the business, divided by the value of the

Keeping your McDonald’s business financial sound requires that you pay close attention to the financial data you are generating every day. You must generate enough income to meet your operating expenses and debt service, while allowing for growth. Tracking the numbers is essential if you are to ensure financial viability.McDonald’s corporate accesses the financial viability

Joe Ciccarello, CPAJeff Foley, CPAGray, Gray & Gray, LLPMarch 2012 This year’s edition of the Farmer’s Almanac called for a blizzard to hit New England at the end of January. Instead we got record high temperatures and an extension of one of the warmest winters in history. Nobody expected such a mild winter. Nobody in the oilheat

The financial viability of any business depends on its ability to achieve its operating objectives and fulfill its mission over the long-term. A business must be able to generate sufficient income to meet operating expenses, debt service (principal and interest payments) and allow for growth while maintaining excellent customer experiences. This is an important concept

ALL YOU NEED TO KNOW ABOUT GIFTINGTuesday, March 13th10:00 am ESTTO REGISTER FOR THIS WEBINAR, PLEASE CLICK HERE Please join us for an important webinar on possible changes to the rules and regulations regarding gifting and the gift tax rate. If you are planning on leaving a financial legacy for your children and grandchildren, you

The IRS 1099 form could be the single most important – and annoying – piece of paper you’ll have to deal with this year. Any money you paid out in 2011 (anything $600 and above) for rent or for compensation for non-employees requires that you provide the recipient with a 1099-MISC form, and that you

“In this world nothing can be said to be certain, except death and taxes.”– Benjamin FranklinIn the years since Mr. Franklin penned this notable adage, the question has ironically become, “How can we best avoid the taxes caused by death?” Gift and estate taxes have been part of the American tax scene for many years. Currently,