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Paycheck Protection Program Rules Clarified

The U.S. Small Business Administration (SBA), which is administering the Paycheck Protection Program (PPP) loan portion of the CARES Act, has issued a “new interim final” rule that clarifies eligibility for certain self-employed individuals and partnerships, calculation of eligible loan amounts, and rules regarding use of PPP funds in order to potentially qualify for loan

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29th Annual Gray, Gray & Gray Energy Industry Survey Now Open

Canton, MA  (April 13, 2020):  Gray, Gray & Gray, LLP, the energy industry’s leading accounting and business advisory firm, has launched its 29th Annual Energy Industry Survey. The survey, which is presented in conjunction with Oil & Energy magazine, is designed to identify industry-wide trends and provides fuel oil and propane marketers with key benchmarking

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Participate in Gray, Gray & Gray’s 2020 Energy & Propane Industry Survey

2020 Energy and Propane Industry Survey Now Open!   Gray, Gray & Gray’s 2020 Annual Energy & Propane Industry Survey is here! Now more than ever it’s vital to measure key business metrics and have insight into industry benchmarks. Gray, Gray & Gray’s Energy & Propane Industry Survey is one more way of our team

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Further Clarification on Paycheck Protection Program and Tax Relief

The speed at which tax relief and financial support legislation has been enacted and implemented has resulted in some confusion and “tweaks” when it comes to final execution. We have been monitoring the various programs and are happy to pass along some clarification regarding the federal Paycheck Protection Program (PPP) and Massachusetts tax relief efforts.

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Cybersecurity Threats Rise During Covid-19 Outbreak

As millions of Americans follow social distancing advisories by working from home, and federal and state governments rush to provide financial relief for the economic disruption, online criminals are attempting to take advantage of the situation. The Internal Revenue Service (IRS) has issued a warning that a surge of scam phone calls and email phishing

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SBA Releases Guidance on Paycheck Protection Program

The Small Business Administration (SBA) has released guidelines on the Paycheck Protection Program (PPP) – a key portion of the recently enacted CARES Act. The PPP has up to $349 billion available for low-interest loans to help small businesses meet payroll and overhead costs through the next few months. While applications for the PPP are

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How Will the CARES Act Impact You and Your Business? Summary of Key Points

President Donald Trump signed into law the historic Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion stimulus package to provide economic support to both individuals and businesses during the ongoing coronavirus crisis. This massive legislation goes far beyond tax policy changes to encompass a wide range of unemployment extensions and enhancements, and

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Senate Passes Economic Relief Package

The U.S. Senate has unanimously passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion relief and stimulus package to provide economic support during the ongoing coronavirus crisis. An excellent summary of the Senate’s bill prepared by the Tax Foundation can be found here. While the Senate passed the bill unanimously, the

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Resources to Help Mitigate Coronavirus Losses in Massachusetts

The unprecedented economic disruption caused by the coronavirus outbreak is putting pressure on many businesses that are experiencing closures, lost customers and reduced cash flow. Gray, Gray & Gray is available to assist businesses of all sizes as they work to cope with the challenges posed by this health and economic crisis. We are launching

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