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 »
Did your small business spend money on research and development in 2022, 2023, and/or 2024, and capitalize them under the Section 174 rules in place at the time? If so, there is a window open right now that lets you recover tax you may not have realized you overpaid. That window closes on July 6,
A Hard Deadline Is Coming for Small Business R&D Tax Relief: Act Before July 6, 2026 Read More »
By Derrick Rebello, CPAGray, Gray & Gray, LLP Table of Contents In recent years, manufacturers have faced significant tax challenges, including mandatory R&D capitalization that increased taxable income, reduced equipment write-offs due to bonus depreciation phase-downs, and evolving state incentives. As a result, many missed out on valuable tax benefits. This landscape has now changed
Maximizing Tax Credits and Incentives for U.S. Manufacturers Read More »
What You’ll Learn This article walks through the mechanics of the CAPE filing process for IEEPA tariff refunds: who can file, what Phase 1 covers, how to prepare your data, what mistakes are sinking claims in the early filing surge, and what to do if your company was not the Importer of Record on your
How to File for Your IEEPA Tariff Refund Through the CAPE System Read More »
Canton, MA (May 12, 2026) Gray, Gray & Gray, LLP, an accounting and business consulting firm based in Canton, MA, has been named to the Boston Business Journal’s 2026 “Fast50” list, which recognizes the 50 fastest-growing private companies in Massachusetts. This is the second consecutive year the firm has been named among the region’s fastest-growing
By Marty Kirshner, CPA, MSA & Bill ConstantopoulosGray, Gray & Gray, LLP Growth is the goal. Until it isn’t managed well, and then it becomes the problem. What You’ll Learn Why entry-level accounting software like QuickBooks becomes a liability when your fuel distribution business starts to grow, and what that gap costs you. How to
Managing the Financial Aspects of Expansion and Diversification Read More »
By Bill ConstantopoulosGray, Gray & Gray, LLP ERP financial software can be a blessing for diocese financial managers. But before demos, vendor selection, or the implementation kickoff, there is a foundational task that shapes the entire project: your chart of accounts (COA). It’s never too early to begin reviewing and redesigning your COA. Do not
Canton, MA (April 2, 2026): Gray, Gray & Gray, LLP, an accounting and business consulting firm based in the Greater Boston area, has been named by Financial Times to its 2026 “The Americas’ Fastest Growing Companies List.” Gray, Gray & Gray ranks #255 on this year’s list of the top 300 companies, and is the
Financial Times Ranks Gray, Gray & Gray Among Fastest Growing Companies in the Americas Read More »
Canton, MA (April 2, 2026): Gray, Gray & Gray, LLP, a business consulting and accounting firm serving the heating oil and propane industry, has launched its 35th annual Energy & Propane Industry Survey, now open to energy marketers nationwide. The survey is available online at: https://www.gggllp.com/energy-survey-2026 and must be completed by June 10, 2026. Results
Gray, Gray & Gray Launches 2026 Energy & Propane Industry Survey Read More »