Time is Money, But Money Takes Time: Why Growing Businesses Need Financial Expertise For any small- and medium-sized business (SMB) owner, the mantra “time is money” rings true. Every minute spent tackling one task is a minute taken away from another. It’s a constant balancing act: overseeing operations, managing inventory, addressing human resources, marketing the […]
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By Bryan E. Pearce Director of Strategic Business Planning Gray, Gray & Gray, LLP The imperative for robust strategic planning has never been more critical. This white paper underscores the pivotal role strategic planning plays in enabling businesses to navigate through uncertainty, adapt to changing market dynamics, and seize opportunities for growth and resilience. Drawing
Future Proofing Your Business Through Strategic Planning Read More »
As businesses evolve, the financial software that once seemed perfectly adequate can become a bottleneck, hindering growth rather than facilitating it. Recognizing the signs that your company has outgrown its basic bookkeeping and financial management software is crucial for maintaining efficiency, accuracy, and competitive edge. Upgrading to a more robust platform like Sage Intacct can
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Growth-oriented small- and medium-sized enterprises (SMEs) face a constant challenge: balancing the pursuit of expansion with the need for sound financial management. As SMEs navigate the complexities of growth, their financial operations often become strained, leading to inefficiencies, resource constraints, and even impeded growth prospects. In such scenarios, outsourcing non-core business functions like accounting and
5 Ways Outsourcing Can Transform Financial Management for Growth-Oriented SMEs Read More »
By James DeLeo, MBA, CPA/MST & Kelly Berardi, JD, LL.M.Gray, Gray & Gray, LLP One of the most important aspects of any M&A deal is the tax planning. While experienced dealmakers know to expect certain tax consequences, there are often unexpected tax implications that can arise. These unexpected tax bills can have a significant impact
Avoiding Unexpected Tax Implications in Mergers and Acquisitions Read More »
By Derek Rawls, CPA, MSTGray, Gray & Gray, LLP The landmark Supreme Court decision in South Dakota v. Wayfair, Inc. in 2018 fundamentally altered the landscape of sales and use tax compliance for businesses with multistate sales. By overturning the physical presence requirement, the Court paved the way for states to require remote sellers to
Sales and Use Tax Five Years After Wayfair Read More »
One of the biggest challenges facing not-for-profit organizations is finding and retaining top-quality talent. It’s hard enough to overcome the perception — often a misconception — that nonprofits don’t pay their employees nearly as well as for-profit companies. When benefits are factored in, nonprofits can look more attractive. So you may want to review, and possibly
7 Fringe Benefits for Nonprofit Employers to Offer Read More »
You likely already know that year end is the optimal time for not-for-profits to conduct gift-giving campaigns. Donors are more generous during the holidays, and many people wait until the last minute to make tax-deductible gifts before the Dec. 31 deadline. In fact, according to Double the Donation, 10% of all charitable giving occurs on the
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By Derrick Rebello, CPA & Brad CarlsonGray, Gray & Gray, LLP In the dynamic and competitive world of construction, good financial management is pivotal. Construction companies have multiple overheads ranging from labor to machinery, all of which can significantly impact their profitability. However, the Internal Revenue Service (IRS) provides some relief in the form of
Leveraging Section 179 for Optimal Savings in Construction Companies Read More »
Small and medium-sized enterprises (SMEs) looking to sustain growth face a multitude of challenges, from navigating complex financial regulations to keeping up with the ever-evolving technological landscape. Business owners can find themselves overburdened by administrative tasks, particularly in the areas of accounting and functional business advisory services. Here are seven ways outsourcing these functions can
7 Ways Outsourcing Your Accounting & Business Office Functions Can Unleash Efficiency Read More »