By James A. DeLeo, MBA, CPA/MSTGray, Gray & Gray, LLP What You’ll Learn This article examines an underappreciated complication in the IEEPA tariff refund landscape: What happens to a refund claim when a business is sold between the time it paid the tariffs and the time the CAPE filing process opens? The answer depends on
Sold the Business? Here Is Where the IEEPA Tariff Refund Actually Belongs Read More »
By James A. DeLeo, MBA, CPA/MST Gray, Gray & Gray, LLP What You’ll Learn This article explains how to account for IEEPA tariff refunds under U.S. GAAP: the two primary models, which one applies based on how your company recorded the original tariff costs, how to classify refunds on your income statement and balance sheet,
Accounting for IEEPA Tariff Refunds: Which GAAP Model Applies to Your Business Read More »
Canton, MA (December 1, 2025): Gray, Gray & Gray, LLP, an accounting and business consulting firm based in Canton, MA, has issued a statement reaffirming its intention to remain independent amidst a growing trend of industry consolidation. “While many of our peers across the accounting industry have made the choice to be acquired or merge
Gray, Gray & Gray Reaffirms Commitment to Remaining Independent Read More »
Canton, MA (September 30, 2025): Gray, Gray & Gray, LLP (www.gggllp.com), a certified public accounting, consulting, and business advisory firm based in Canton, MA, has been named to “Best of the Best” as one of the nation’s best-managed firms by INSIDE Public Accounting magazine. Gray, Gray & Gray is one of only three firms in
Gray, Gray & Gray Named to “Best of the Best” Accounting Firms Read More »
Canton, MA (July 29, 2025): Gray, Gray, & Gray, LLP (www.gggllp.com), an independent certified public accounting and business advisory firm in Canton, MA, has been named one of the country’s Top 200 accounting firms by INSIDE Public Accounting magazine. The publication ranked Gray, Gray & Gray as the 135th largest accounting firm in the U.S.,
Canton, MA (June 25, 2025): Gray, Gray & Gray, LLP, an accounting and business consulting firm based in Canton, MA, has been included among the 100 largest privately held companies in Massachusetts by the Boston Business Journal. The firm is ranked 99th with annual revenues of $38 million. Earlier this year, Gray, Gray & Gray
Gray, Gray & Gray Among Top 100 Largest Private Companies in Massachusetts Read More »
By James A. DeLeo, MBA, CPA/MSTGray, Gray & Gray, LLP When working in the entrepreneurship through acquisition (ETA) space, search fund investors and operators face countless critical decisions during the deal process. Among these, understanding and accurately analyzing working capital stands as one of the most consequential, yet frequently misunderstood, aspects of a successful transaction.
The Importance of Working Capital Analysis in Search Fund Transactions Read More »
Canton, MA (May 14, 2025): The Boston Business Journal has ranked Gray, Gray & Gray, LLP, an accounting and business consulting firm based in Canton, MA, as the 42nd fastest growing private company in Massachusetts in its 2025 Fast 50 list. The BBJ Fast 50 list was selected and ranked based on total revenue growth from 2021
Boston Business Journal Ranks Gray, Gray, & Gray #42 on Fast50 List Read More »
By James DeLeo, MBA, CPA/MST & Richard Frizzell, CPA, MSAGray, Gray & Gray, LLP Mergers and acquisitions (M&A) come with inherent risks. To mitigate these risks, comprehensive due diligence is essential. Due diligence is the process of investigating a target company to assess its financial health, business operations, and legal compliance. Financial due diligence is
Financial Due Diligence for Mergers and Acquisitions Read More »
By James DeLeo, MBA, CPA/MST & Kelly Berardi, JD, LL.M.Gray, Gray & Gray, LLP One of the most important aspects of any M&A deal is the tax planning. While experienced dealmakers know to expect certain tax consequences, there are often unexpected tax implications that can arise. These unexpected tax bills can have a significant impact
Avoiding Unexpected Tax Implications in Mergers and Acquisitions Read More »