By Michael D. Koppel, CPA, MSA, PFS, CITPGray, Gray & Gray, LLPMarch 2013 If your company hires independent contractors in any capacity, be prepared to prove their independence, or you may face fines, penalties and back taxes. Ouch! The Internal Revenue Service (IRS) and Department of Labor have announced plans to aggressively crack down on […]
IRS Cracking Down on Employee vs. Contractor Classification Read More »
The Internal Revenue Service (IRS) wants to help you keep your identity safe from on-line thieves. The IRS has issued a proposal to allow some tax filers to use a truncated taxpayer identification number on certain forms and tax documents. However, there are no plans at this time to allow individuals to use a shortened
Shortened Tax ID Could Help You Avoid Identity Theft Read More »
Joe Ciccarello, CPAGray, Gray & Gray, LLPApril 2012Should I stay or should I go now?If I go there will be trouble.If I stay it will be double. If you are old enough to remember these lyrics from The Clash, you are probably old enough to have retirement on your mind. And, given the very challenging
Should You Stay or Should You Go? Read More »
Joe Ciccarello, CPAGray, Gray & Gray, LLPAugust 2012 Have you seen the motion picture Moneyball? Or read the Michael Lewis book of the same name? If so, you know how general manager Billy Beane (portrayed in the movie by Brad Pitt) transformed the way the Oakland A’s baseball team managed the critical process of player selection and development.
"Moneyball" and Your Oil Business Read More »
Joe Ciccarello, CPAGray, Gray & Gray, LLPJuly 2012 Can you predict the winner of the Kentucky Derby in the year 2017? How about taking a guess at where the stock market will close on July 1, 2017? Or how much a barrel of crude oil will cost five years from today?Nobody can predict these events with any
What Will Your Business Look Like in Five Years? Read More »
Michael L. Cecere, CPA, MSTPartnerGray, Gray & Gray, LLP Certified Public Accountants Companies set up a 401(k) plan for their employees for many reasons. As a vehicle that can help supplement social security income for their employees’ retirement years, a 401(k) is an important recruiting and retention tool and an excellent alternative to a traditional,
Don’t Like Paying for Your 401(k) Plan Audit? Here’s an Alternative Read More »
By Michael D. Koppel, CPAGray, Gray & Gray, LLPApril 2012 As a tax accountant my job is to make sure my clients meet their legal obligations to the Internal Revenue Service, while helping them to retain as much of their assets as possible. It is a delicate balance that may soon be tipped further in
Better to Give It Away Before Uncle Sam Takes It Away Read More »
“Mind your Own Business”A Radio Show for Entrepreneurs by EntrepreneursGray, Gray & Gray Partner, Rich Hirschen, made a guest appearance on the “Mind your Own Business” Radio Show on March 26th! The show provides advice, information and connections for entrepreneurs, service providers and established companies. The show was aired on the following local stations:WBNW 1120 AM – Needham,
GG&G Partner, Rich Hirschen, Makes Guest Appearance on MYOB Radio Show Read More »
The IRS 1099 form could be the single most important – and annoying – piece of paper you’ll have to deal with this year. Any money you paid out in 2011 (anything $600 and above) for rent or for compensation for non-employees requires that you provide the recipient with a 1099-MISC form, and that you
Things You Need to Know About 1099 Forms Read More »
Last week, Grant Thornton, a large international accounting firm, finalized an agreement to acquire CCR LLP, a New England-based accounting firm that was formerly known as Carlin, Charron & Rosen. This is the latest in a series of national firms buying up regional firms in our area. Some people think you must be a client
Yet Another National Accounting Merger Read More »