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Big Support for Small and Medium-Size Businesses

By Paul Gerry, Jr., CPA, PartnerGray, Gray & Gray Small and medium-size businesses (SMBs) face increasingly difficult challenges in keeping up with evolving technologies and the accelerating pace of doing business. With the complexities of running a business today it is nearly impossible for a business owner to “wear many hats” effectively. Unfortunately, the growing

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Press Release

Gray, Gray, & Gray Ranked Among Top Massachusetts Accounting Firms by Boston Business Journal

Canton, MA (February 11, 2022):  Gray, Gray & Gray, LLP, an accounting and business consulting firm based in Canton, MA, has been ranked as the 17th largest accounting firm in Massachusetts by the Boston Business Journal. The publication’s annual rankings are based on the size of the firm’s professional staff in the state and include

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Articles

How Does the New Massachusetts Entity-Level Excise Tax Work?

While the 2017 Federal Tax Cuts and Jobs Act lowered corporate tax rates and doubled the standard deduction, it also included a provision that limited annual itemized deductions for state and local taxes to $10,000. This cap on “SALT” deductions has prompted several states to introduce a “workaround” that allowed owners of pass-through businesses to offset

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Webinar

Boston Dealmakers 2022 Panel Recording Access

Panel Discussion – Getting to the Point of Sale: Preparing to Sell Your Business Review the panel discussion on Getting to the Point of Sale, moderated by Gray, Gray & Gray Managing Partner, Jim DeLeo and featuring expert insights. Learn what it takes to get your business ready to sell from business owners who have

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Articles

Does Your Nonprofit Have UBIT Exposure?

If certain IRS requirements are met, a not-for-profit organization is exempt from federal income tax. But that doesn’t mean it’s completely off the hook. Your nonprofit may still be liable for unrelated business income tax (UBIT). Here’s how you determine your organization’s exposure. One Time vs. Year Round Unrelated business income (UBI) is defined by the

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Press Release

Gray, Gray, & Gray Promotes Eight Staff Members

Canton, MA (January 2022):  Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, has announced the promotion of eight team members to new positions: Linh Truong has been promoted to Tax Supervisor. She is a graduate of Boston University and joined the firm in 2017. Venice Touze, CPA, MST

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Press Release

Hank Wolfson Elected Partner at Gray, Gray, & Gray

Canton, MA (January 1, 2022):  Hank S. Wolfson has been elected a Partner at Gray, Gray & Gray, LLP, a consulting, business advisory and accounting firm based in Canton, MA. Wolfson has served as the firm’s Chief Operating Officer since 2015 and will continue in that role. “Hank Wolfson has played an essential part in

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Articles

7 Keys for Nonprofit Success in 2022

The last two years have been tough for most nonprofits. Now that there’s some light at the end of the tunnel, you may feel more optimistic and with a renewed dedication to your cause. How can you extend the concept of renewal to your organization’s operations and even grow in 2022? Here are seven ideas: 1.

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