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Koch’s Corner: 2021 Auditor’s Reports Will Have a “New Look” This Year

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPADirector of Quality Control at Gray, Gray & Gray Upcoming 2021 calendar year end audits for privately held clients will be subject to new auditor reporting standards issued by the AICPA’s Auditing Standards …

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Koch’s Corner: Goodwill Triggering Events

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray In March 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2021-03, “Intangibles – Goodwill and Other (Topic 350) …

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Webinar

Virtual Year-End Planning Seminar 2020 Form

During this seminar moderator Jim DeLeo and presenters Kelly Berardi, Derek Rawls, Brad Carlson, Bryan Pearce, and Jenna Rice of Gray, Gray & Gray, LLP; and Justin Klunder of Gray Private Wealth, LLC, guide you through these essential topics: How to build efficiencies and security in working remotely Maximizing the value of your PPP loan Impact of the Presidential election on business and finance Predictions on …

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Articles

New Rules on Employee/Contractor Classification Proposed

Classifying a worker as an employee or independent contractor has long been a complicated task for employers, with significant consequences. Misclassification can result in fines and penalties, and, in some cases, employers may be required to pay back wages and taxes to a worker who is reclassified as an employee. Now the U.S. Department of …

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Koch's Corner

Koch’s Corner: Confused About Accounting for Convertible Instruments & Contracts in an Entity’s Own Equity? Relief is on the Way!

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray Many small businesses – particularly microcaps – undertake financing in the form of convertible debt and convertible preferred stock, as they may not …

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Articles

How You Can Use an SBA EIDL Loan

While much attention has been paid to the federal government’s Paycheck Protection Program (PPP) loans, the Small Business Administration’s Economic Injury Disaster Loan (EIDL) program has also been an important source of funding for small businesses during the COVID-19 pandemic. EIDL loans usually only provide assistance after natural disasters like tornadoes, wildfires or floods. But …

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Koch's Corner

Koch’s Corner: Audit Quality at Gray, Gray & Gray

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray The quality of an audit is an essential part of the level of assurance and confidence the client will have upon its completion. …

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Koch's Corner

Koch’s Corner: Accounting for PPP Loan Forgiveness

Koch’s Corner delivers concise, “need to know” summaries of important updates on accounting and assurance issues for privately-held companies. By Richard Koch, CPA Director of Quality Control at Gray, Gray & Gray As recipients of loans made through the federal Paycheck Protection Program (PPP) begin to submit their applications for loan forgiveness, it is incumbent …

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Strategy Session: The Strategy Behind Strategic M&A Transactions

Strategy Session: The Strategy Behind Strategic M&A Transactions

Discover proven, accessible approaches to thinking strategically about your business in order to make more informed decisions, with a focus on the six business drivers that will put you in a position to succeed. By Bryan E. Pearce Director of Strategic Business Planning Gray, Gray & Gray, LLP Successful entrepreneurs and business owners understand that there are …

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Strategy Session: Finance & Owner Wealth Management

Strategy Session: Finance & Owner Wealth Management

Discover proven, accessible approaches to thinking strategically about your business in order to make more informed decisions, with a focus on the six business drivers that will put you in a position to succeed. By Bryan E. PearceDirector of Strategic Business PlanningGray, Gray & Gray, LLP Successful entrepreneurs and business owners understand that having sufficient capital to …

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