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Participate in Gray, Gray & Gray’s 2024 Energy & Propane Industry Survey

2024 Energy and Propane Industry Survey is Here! CLICK HERE TO TAKE THE SURVEY NOW We are excited to announce that our 33rd annual Energy Industry Survey is now open! We are pleased to continue providing companies like yours with key benchmarking data for their present and future success. This year’s more efficient survey experience should enable […]

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Time is Money, But Money Takes Time

By Pamela Holmes Gray, Gray & Gray, LLP Time is Money, But Money Takes Time: Why Growing Businesses Need Financial Expertise For any small- and medium-sized business (SMB) owner, the mantra “time is money” rings true. Every minute spent tackling one task is a minute taken away from another. It’s a constant balancing act: overseeing

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Future Proofing Your Business Through Strategic Planning

By Bryan E. Pearce Director of Strategic Business Planning Gray, Gray & Gray, LLP The imperative for robust strategic planning has never been more critical. This white paper underscores the pivotal role strategic planning plays in enabling businesses to navigate through uncertainty, adapt to changing market dynamics, and seize opportunities for growth and resilience. Drawing

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Should I File or Extend This Year?

With a significant tax bill seemingly stuck in Congress, many clients are asking, “Should I file or extend for the March 15 and April 15 tax deadlines?  Some background:  The Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) stormed through the House of Representatives with a resounding bipartisan vote (357-70) approving

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Recognizing When Your Business Has Outgrown Its Financial Software

As businesses evolve, the financial software that once seemed perfectly adequate can become a bottleneck, hindering growth rather than facilitating it. Recognizing the signs that your company has outgrown its basic bookkeeping and financial management software is crucial for maintaining efficiency, accuracy, and competitive edge. Upgrading to a more robust platform like Sage Intacct can

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5 Ways Outsourcing Can Transform Financial Management for Growth-Oriented SMEs

By Pamela Holmes Gray, Gray & Gray, LLP Growth-oriented small- and medium-sized enterprises (SMEs) face a constant challenge: balancing the pursuit of expansion with the need for sound financial management. As SMEs navigate the complexities of growth, their financial operations often become strained, leading to inefficiencies, resource constraints, and even impeded growth prospects. In such

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Important Tax Deadlines for the 2023 Tax Year

Individuals and businesses need be aware of upcoming deadlines for filing taxes and submitting various forms. Staying informed and prepared will help ensure compliance with the IRS requirements and avoid potential penalties. Below are the key deadlines for the 2023 tax year that you need to mark on your calendar. For Individuals: April 15, 2024:

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Avoiding Unexpected Tax Implications in Mergers and Acquisitions

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

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

Canton, MA (February 14, 2024):  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, up two spots from the previous year’s position. The publication’s annual rankings are based on the size of the

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U.S. House Passes Act to Extend R&D Tax Credits

On January 31st, the U.S. House of Representatives passed the Relief for American Families & Workers Act of 2024, which includes significant changes to Section 174 Research and Development (R&D) expensing rules, enhancements to the Child Tax Credit, and restoration of several other business friendly provisions. The bi-partisan agreement still needs to be finalized and passed

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