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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, […]

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

“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,

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

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

Tommy Yuen, CPA, Gray, Gray & Gray, LLP, Westwood, MAPublished December 01, 2011 in The Tax Advisor – AICPAEditor: Michael D. Koppel, CPA, MSA, MBA, PFS, CITP  Procedure & AdministrationThe misclassification of workers by taxpayers has been a widespread problem. By treating workers as non-employees, taxpayers do not pay the employer portion of the Social Security

By Michael Cecere, CPA, MSTGray, Gray & Gray, LLP In the challenging economic times we are currently experiencing, individuals seeking to supplement or replace lost income, or to get through financial crises such as unemployment and medical emergencies, have taken to “raiding” their own 401(k) plans. This is a fiscally risky move that could have

By Michael Cecere, CPA, MSTGray, Gray & Gray, LLP If your company offers employees a 401(k), pension plan or other similar employee benefit plan, you are providing an important benefit. However, this benefit comes with strings attached. Those strings are the complex and burdensome fiduciary responsibilities surrounding the management of a 401(k) and similar employee