Drive down almost any street in Greater Boston and across eastern New England and you are almost guaranteed to see “For Sale” signs sprouting like late summer weeds. The real estate market in our region is among the most active in the country, with eager buyers lining up to snap up a home inventory that […]
Red Hot Tax Tips for a Red Hot Real Estate Market Read More »
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & Gray As we grow older, many fear being in a nursing home or, even worse, in a locked Alzheimer’s unit. While these situations can be extremely difficult for both the individual and his/her family, there is another major consideration weighing on most
Mitigating the Stress and Risk of Medicaid Costs Read More »
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & Gray School’s out! What are your children (or grandchildren) doing during their summer vacation? Going to camp? Hanging around with friends? How about beginning to plan for retirement? Retirement for the younger set may be 50 years or more away. But they
How Soon Can Your Child or Grandchild Start Saving for Retirement? Read More »
If you have taken the step of creating an estate plan to help ensure your financial wishes are carried out, congratulations. You are well ahead of most people in this country. Forbes magazine reports that 51 percent of Americans age 55 to 64 don’t even have wills, much less estate plans. But no estate plan
What is Missing from Your Estate Plan? Read More »
A little over a year ago (December 2015) the Massachusetts Department of Revenue (DOR) issued businesses in the state with new State Income Tax Withholding ID numbers. Previously, the number used was the same as the business’ federal tax identification number. During 2016 the DOR accepted both the new and old numbers for payroll withholding
New State Income Tax ID Now Required in Massachusetts Read More »
Research & Development Credits are not just for scientists and software developers By Bradford G. Carlson; Paul J. Gerry, Jr., CPA, PFS; Martin E. Prendergast; Karen G. Timmermans, CPAGray, Gray & Gray, LLP If you think the Research & Development Tax Credits offered by the federal government are just for high technology, life sciences or computer
Does Your Architectural or Engineering Firm Qualify for R&D Tax Credits? Read More »
By Michael L. Cecere, CPA, MST If your company offers employees a benefit plan such as a 401(k), 403(b) or other type of pension, and you have 100 or more employees eligible to participate in the plan, you must submit an audited annual plan financial statement along with the annual Form 5500 to the U.S.
Is Your Company Required to Have an Employee Benefit Plan Audit? Read More »
By Karen G. Timmermans, CPA “For the only way in which a durable peace can be created is by world-wide…economic activity and international trade.” – James Forrestal (1892-1949), former U.S. Secretary of Defense Although international trade has been making headlines in recent months, it is not a new occurrence. Cross-border commerce has been taking place
Business Without Borders Read More »
By Derek B. Rawls, CPA, MST My physician has advised me to avoid too much salt in my diet. Studies have shown that excess salt intake can raise blood pressure. The same can happen when a business finds too much SALT – State and Local Taxes – in its diet. While there is much speculation
Putting SALT on the Table Read More »
By Richard P. Feilteau, CPA, CVA How much is your business worth? That is not a speculative question, or one that should be answered with a “ballpark” guess. Attaching an accurate valuation to a company is a critical part of ongoing business strategy. Exit Strategy Planning. If you are planning to sell your business it
Top 10 Reasons for a Business Valuation Read More »