New England Real Estate Journal Features
2022 Year in Review: Richard Hirschen, Gray, Gray & Gray, LLP (December 2022)
Real Estate
Why Sage Intacct Real Estate is Replacing Yardi as the Preferred Real Estate Software Platform
By Bill Constantopoulos Gray, Gray & Gray, LLP In the real estate and construction world, software solutions are an indispensable tool for streamlining financial management, accounting, and reporting. As the need for these solutions grows, two of the most prominent software platforms designed specifically for the industry are Sage Intacct Real Estate and Yardi. Both …
Managing the New Accounting Requirements for Leases Webinar Recording Access
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 …
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Mind Your Business Series Podcast: Boom or Bust? Is Buying Into Real Estate Still a Good Idea?
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 …
Gray, Gray, & Gray Named to Banker & Tradesman “Best of 2020” List
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 …
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Maximizing Business Property Depreciation Under the New Tax Law
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. …
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New Law Increases Holding Period for Carried Interests
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 …
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Captive Insurance Strategies Can Pay Off For Real Estate Operators
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, …
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How New Lease Accounting Rules May Impact Landlords and Tenants
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 …
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Untangling the New Qualified Business Income Deduction
https://www.youtube.com/watch?v=sWApK_KeELc&feature=youtu.be Make sense of the 199A opportunities for your pass through business. C Corporations are not the only entities to receive a tax break in the new tax law. Watch this one-hour webinar as Tax Partner Emeritus Mike Koppel sorts out the details and gives a clear picture of how 199A can work for you. Don’t miss out …
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