News & Events

Press Release

Gray, Gray & Gray and GraVoc Announce Cybersecurity Services Collaboration

Canton, MA (March 22, 2022):  Gray, Gray & Gray, LLP, a consulting, business advisory and accounting firm based in Canton, MA, and GraVoc Associates, Inc., a Peabody-based technology consulting firm, have announced a collaborative venture to provide comprehensive cybersecurity services to organizations across all industry segments. The alliance between Gray, Gray & Gray and GraVoc …

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Articles

Cybersecurity Risk Rises with Russian Attack

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 …

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Articles

$75 Million in Mass. Small Business Grants Available

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 …

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Articles

IRS to Offer Alternative to Facial Recognition

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 …

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Articles

Big Support for Small and Medium-Size Businesses

By Paul Gerry, Jr., CPA, Partner Jenna Rice, CPA, MSA, Director Gray, 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 …

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Press Release

Gray, Gray, & Gray Ranked Among Top Massachusetts Accounting Firms by Boston Business Journal

Canton, MA (February 11, 2022):  Gray, Gray & Gray, LLP, an accounting and business consulting firm based in Canton, MA, has been ranked as the 17th largest accounting firm in Massachusetts by the Boston Business Journal. The publication’s annual rankings are based on the size of the firm’s professional staff in the state and include …

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Articles

Where Is Your Employee Retention Credit Refund?

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 …

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Articles

How Does the New Massachusetts Entity-Level Excise Tax Work?

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 …

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Articles

IRS to Require Facial Recognition for Online Payment

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 …

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Webinar

Boston Dealmakers 2022 Panel Recording Access

Panel Discussion – Getting to the Point of Sale: Preparing to Sell Your Business Review the panel discussion on Getting to the Point of Sale, moderated by Gray, Gray & Gray Managing Partner, Jim DeLeo and featuring expert insights. Learn what it takes to get your business ready to sell from business owners who have …

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