How does a not-for-profit say “goodbye” to a departing founder or executive? A gift and farewell party usually are appropriate. Though not as much fun to plan, an exit agreement may also be called for. This legal document, usually developed by a nonprofit’s board of directors, details the terms of a leader’s departure. Here’s why exit […]
Use an Exit Agreement to Bid Farewell to Nonprofit Executives Read More »
One of the provisions of the recently passed Infrastructure Investments and Jobs Act is the elimination of the Employee Retention Credit (ERC) for Q4 2021. There is an exception for companies founded after February 15, 2020 (known as recovery start up businesses). The termination of the credit for the fourth quarter payrolls was anticipated based
Employee Retention Credits Eliminated Read More »
By Marty Kirshner, CPA, MSA Gray, Gray & Gray, LLP The recently enacted Infrastructure Investment and Jobs Act is good news for the propane industry, as it includes an estimated $7 billion in funding for propane-related initiatives and incentives. Funding for these provisions should become available in January 2022. What’s included? According to the National
Infrastructure Act includes $7 Billion for Propane Read More »
With all the legal hoops involved, it can be difficult for a not-for-profit to secure its tax-exempt status. The last thing you want after gaining this critical designation is to lose it. In the current political climate, it may be easier than ever to forfeit your status. So if you lead a 501(c)(3) organization, be sure
Danger! How Nonprofits Often Lose Their Tax-Exempt Status Read More »
Are you considering a move to another state when you retire? Perhaps you want to relocate to an area where your loved ones live or where the weather is more pleasant. But while you’re thinking about how many square feet you’ll need in a retirement home, don’t forget to factor in state and local taxes.
Factor in taxes if you’re relocating to another state in retirement Read More »
About the Episode: Host Bryan Pearce, Director of Strategic Business Planning at Gray, Gray & Gray, interviews David Model, CEO of Triton Systems in Chelmsford, MA. Triton Systems is continually focused on what’s next – the next invention, the next breakthrough, the next innovation that can unleash new possibilities in engineering, science and technology to
Strategic Thinking Podcast: Bryan Pearce Interviews David Model of Triton Systems Read More »
By Bobby Garrett Director of IT & Cybersecurity Gray, Gray & Gray, LLP Data breaches, ransomware attacks, and security hacks occur every day, affecting companies of all sizes and types. Any business that has not yet implemented a Written Information Security Plan (WISP) is taking a huge risk. These attacks are not limited to billion
Securing Private Data is No Longer an Option – Why You Need a WISP Read More »
“We were too big to be small, and too small to be big. The liquid fuel industry is shrinking, and we were growing increasingly uncomfortable with industry trends.” That is how Chuck Holden, President of Holden Oil, a third-generation fuel oil and propane company based in Peabody, Massachusetts, describes the situation he found his family’s
Achieving Success Through an Integrated Approach to a Business Sale Read More »
Gray, Gray & Gray’s 2021 Year End Planning Webinar – A Virtual Event Wednesday, November 17, 2021 1:30 – 3:00 pm EST How will the many pandemic-related changes experienced to date– and those still to come – impact you professionally and personally in the future? How might the recently proposed tax changes affect your business
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By Bobby Garrett Director of IT & Cybersecurity Gray, Gray & Gray, LLP Architectural and engineering firms that have not yet implemented a Written Information Security Plan (WISP) for their business are taking a huge risk. Data breaches and security hacks occur every day, affecting firms of all sizes and types. In just one example,
Securing Private Data is No Longer an Option – Why You Need a WISP Read More »