PLEASE NOTE: Due to the heavy energy industry event schedule, we have cancelled the 2019 Around the Energy Industry seminar. This seminar may be offered on a bi-annual basis in the future. If you have any questions, please contact us.
2019 Around the Energy Industry Seminar Read More »
On the campaign trail, President Trump pledged that tax reform under his leadership would target carried interests — more widely known in the real estate industry as the “promote” in partnership agreements or operating agreements for limited liability companies (LLCs) that are treated as partnerships for tax purposes. In the end, the Tax Cuts and
New Law Increases Holding Period for Carried Interests Read More »
Federal tax law has permitted U.S. businesses to form so-called “captive” insurance companies for many years, and numerous large companies have done so. It’s only relatively recently that the arrangement has gained traction with smaller public and privately owned companies. Could your real estate business benefit from pursuing captive insurance strategies? To find the answer,
Captive Insurance Strategies Can Pay Off For Real Estate Operators Read More »
By Richard Hirschen, CPA, CGMAGray, Gray & Gray, LLP Changes to the way leases are treated for accounting purposes were issued back in 2016 but are just now becoming effective. The new standard significantly changes how leases are recorded and will have an impact on both tenants and landlords. The new Financial Accounting Standards Board
How New Lease Accounting Rules May Impact Landlords and Tenants Read More »
By Kevin F. HowleyGray, Gray & Gray, LLP If you are a licensor of intellectual property, royalty payments are at the core of the value of your business. Your investment of time, talent and capital is repaid in installments from licensees. They are not sharing in their success, but fulfilling their end of a business
5 Red Flags of License Royalty Payment Problems Read More »
The Bipartisan Budget Act of 2015 (BBA) included a provision which created new partnership audit rules. It is important to recognize that partnerships (including LLCs taxed as a partnership) will be subject to these new rules for years beginning on or after January 1, 2018. The reason Congress passed the new rules are pretty simple:
New IRS Partnership Audit Rules Read More »
https://www.youtube.com/embed/qpvb5uDXdqU The Defined Contribution Plan Survey results are in! Gray, Gray & Gray Partner Jim Donellon, CPA, MSA and Marty Kirshner, CPA, MSA review the overall results and share insights on select questions, plan trends, and more. Webinar content is intended for educational purposes only. Webinars provide a brief summary based on our understanding and
A Closer Look at Defined Contribution Plan Survey Results 2018 Read More »
By Martin E. PrendergastGray, Gray & Gray, LLP If you are an architectural or engineering firm that does work in states other than your own, you may be on the hook for payment of state and local taxes. States and municipalities across the country are struggling to close budget gaps and fund obligations such as
Has Your A&E Firm Unknowingly Created State and Local Tax Exposure? Read More »
Family businesses account for 64 percent of U.S. gross domestic product, generate 62 percent of the country’s employment, and account for 78 percent of all new job creation.1 Yet the average life span of a family business is a mere 24 years. Less than one in three family-owned businesses survive to be passed on to
Avoid These Seven Mistakes in Succession Planning Read More »
By Martin E. PrendergastGray, Gray & Gray, LLP One of the biggest changes to emerge from the Tax Cuts and Jobs Act of 2017 was a significant drop in the corporate tax rate, from 35% to 21%. However, this new tax rate only applies to businesses structured as C Corp entities. Does this mean that
Should You Restructure Your Firm to Save on Taxes? Read More »