Suppose the founder or long-time executive director of your not-for-profit organization is scaling back on her workload and making plans to retire. What will her departure mean for your organization? If your nonprofit has a well-crafted succession plan, it’s likely to survive any leadership transition. But if you don’t have a plan, your organization could endure […]
Paving the Way for Your Nonprofit’s Next Leader Read More »
About the Episode: Host Bryan Pearce, Director of Strategic Business Planning at Gray, Gray & Gray, interviews Nate Gravel of GraVoc Associates in Peabody, MA. Gray, Gray & Gray recently announced a collaborative venture with GraVoc Associates to provide comprehensive cybersecurity services to organizations across all industry segments. During this episode, Bryan and Nate discuss a variety
Strategic Thinking Podcast: Bryan Pearce Interviews Nate Gravel of GraVoc Read More »
By Nathaniel C. Gravel, CISA, CISM, CRISC One can hardly avoid seeing a headline about another data breach, ransomware attack, phishing scam, or other illicit incident executed through the electronic web that connects us all. The convenience and efficiency of the internet and world wide web come with a steep price for those who are
Cybersecurity Primer Read More »
While we should always be on guard against suspicious emails and unknown links, the Russian/Ukrainian conflict that is filling our news feeds has ratcheted up the threat. The U.S. Cybersecurity and Infrastructure Agency (CISA) has issued a warning of the heightened risk of Russian cyberattacks against U.S. targets in response to sanctions that have been imposed. CISA
Cybersecurity Risk Rises with Russian Attack Read More »
The Commonwealth of Massachusetts is making $75 million in new funding available for grants to small businesses in the state that have been impacted by the ongoing COVID-19 pandemic. The grants will be administered through the Massachusetts Growth Capital Corporation (MGCC) and applications are open on the MGCC website through April 4, 2022. $50 million of the
$75 Million in Mass. Small Business Grants Available Read More »
After meeting resistance from citizens and Washington lawmakers, the Internal Revenue Service (IRS) scrapped its plan to require taxpayers to use facial recognition software to log on to their IRS accounts. While uploading a “selfie” to the ID.me third-party facial recognition platform remains an option, going forward the IRS will be using Login.gov to identify
IRS to Offer Alternative to Facial Recognition Read More »
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
Big Support for Small and Medium-Size Businesses Read More »
The Internal Revenue Service (IRS) has not hidden the fact that it is backlogged in processing millions of tax returns, including payroll tax returns. Among the reasons for the backup is an unexpectedly high volume of Employee Retention Credit (ERC) refund requests. This has left many businesses waiting longer than expected for their refund. As
Where Is Your Employee Retention Credit Refund? Read More »
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
How Does the New Massachusetts Entity-Level Excise Tax Work? Read More »
Starting this summer the Internal Revenue Service (IRS) taxpayers who go online to access their accounts or pay taxes will be required to submit to facial recognition as a security precaution. The IRS has contracted with a third-party facial recognition company called ID.me to provide the service. Enrollment with ID.me will require submission of a
IRS to Require Facial Recognition for Online Payment Read More »