By Kelly Berardi & Richard HirschenGray, Gray & Gray, LLP Table of Contents The One Big Beautiful Bill Act (OBBBA) has brought about a fundamental shift that directly impacts the bottom line for highly leveraged commercial real estate portfolios. Specifically, the permanent restoration of the EBITDA-based calculation for business interest deductions under Section 163(j) is […]
CRE Business Interest Deduction Under OBBBA Read More »
By Kelly Berardi & Richard HirschenGray, Gray & Gray, LLP Table of Contents The commercial real estate landscape has changed significantly over the past several years, and the strategies surrounding Section 1031 exchanges have evolved accordingly. As accountants and advisors who work with real estate investors and developers, we’ve observed fundamental shifts in how clients
1031 Exchange Trends: Adapting to Market Volatility and High Interest Rates Read More »
Gray, Gray & Gray promotes Williams to director of tax (January 2025) Gray, Gray & Gray, LLP participates in the 20th annual Canton Road Race – donates $1,000 to charitable foundation (October 2024) Gray, Gray & Gray, LLP ranked among top accounting firms (February 2024) Gray Strategic Partners Announcement (June 2023) 2022 Year in Review:
New England Real Estate Journal Features Read More »
After much debate and delay the long-anticipated changes to accounting standards for commercial and residential leases (FASB accounting standards for leases) are finally being implemented. The new standards will have an across-the-board impact for property owners, property managers, and lease tenants. In short, the way you report lease income and lease expenses on your financial statement
Managing the New Accounting Requirements for Leases Webinar Recording Access Read More »
About the Episode: In the first episode of the Mind Your Business Series podcast, a group of key leaders in the professional services space discusses current topics and issues surrounding the real estate market, including interest rates, the pandemic’s impact on the market, what’s changed since ’07/’08, wealth transfer, and much more. Discover ways to
Canton, MA (December 1, 2020): Gray, Gray, & Gray, LLP (www.gggcpas.com) has been named one of the “Best of 2020” by readers of Banker & Tradesman, one of the New England region’s leading publications for the banking and real estate industry. The firm received the Silver Award for Accounting & Audit in the Banking category.This is the 13th
Gray, Gray, & Gray Named to Banker & Tradesman “Best of 2020” List Read More »
Landlords and commercial property owners may want to take advantage of more favorable property depreciation rules that were part of the Tax Cut and Jobs Act, which are now in effect. The depreciation rules can be applied to most tangible property, including buildings, furniture, machinery, equipment and vehicles; but depreciation cannot be applied to land.
Maximizing Business Property Depreciation Under the New Tax Law Read More »
On the campaign trail, President Trump pledged that tax reform under his leadership would target carried interests — more widely known in the real estate industry as the “promote” in partnership agreements or operating agreements for limited liability companies (LLCs) that are treated as partnerships for tax purposes. In the end, the Tax Cuts and
New Law Increases Holding Period for Carried Interests Read More »
Federal tax law has permitted U.S. businesses to form so-called “captive” insurance companies for many years, and numerous large companies have done so. It’s only relatively recently that the arrangement has gained traction with smaller public and privately owned companies. Could your real estate business benefit from pursuing captive insurance strategies? To find the answer,
Captive Insurance Strategies Can Pay Off For Real Estate Operators Read More »
By Richard Hirschen, CPA, CGMAGray, Gray & Gray, LLP Changes to the way leases are treated for accounting purposes were issued back in 2016 but are just now becoming effective. The new standard significantly changes how leases are recorded and will have an impact on both tenants and landlords. The new Financial Accounting Standards Board
How New Lease Accounting Rules May Impact Landlords and Tenants Read More »