Gray, Gray & Gray's Response to Coronavirus & Important Resources

As Coronavirus continues to impact our daily lives, including the way in which we conduct business, here you will find updates on Gray, Gray & Gray’s response to the outbreak as well as important resources. At Gray, Gray & Gray, we remain committed to helping our clients and friends successfully manage their businesses and individual finances during this challenging time.

An Update from Our Leading Partner, Jim DeLeo – January 2021:

To Our Clients and Business Associates:

As we kick off 2021 and put 2020 behind us, we will continue to monitor the evolving COVID-19 situation, guidance from the CDC and state officials, and adjust our own office plans accordingly. One thing that remains unchanged: the safety and well-being of our employees remains our top priority in 2021.

Many of our employees will continue to work on a remote basis for the foreseeable future. As a client, you can rest assured that in this virtual setting, we are readily available to serve you with the same quality service you have come to expect from us.

We are encouraging virtual meetings in lieu of in-person meetings in our office or at client sites when possible, and request that clients provide Gray, Gray & Gray with source documents/deliverables digitally when appropriate. Should you have any questions, please contact your engagement partner directly via email or phone. You may call our main office line at 781.407.0300 for our dial by name directory.

Additionally, you can refer to this Coronavirus Response & Resources page for ongoing updates on Gray, Gray & Gray’s response to the pandemic as well as resources to help you successfully manage your business and individual finances during this challenging time. From informative webinars and articles, to links to helpful resources, we are committed to providing thought leadership that assists you both now and in the future.

Thank you for your patience and understanding as we adapt to the ever-changing environment and continue to do our part to help mitigate the spread of the virus.

On behalf of the entire firm, I wish you a healthy and prosperous New Year!

Stay safe,

Jim DeLeo, CPA, MBA/MST
Leading Partner
Gray, Gray & Gray, LLP

The unprecedented spread of the novel Covid-19 “Coronavirus” continues to impact our daily lives, including the way in which we conduct business. Gray, Gray & Gray leadership is closely monitoring the information shared by the Centers for Disease Control and Prevention (CDC) and State officials about the virus, and is exercising necessary precautions. The health and safety of our employees is our number one priority.

Many staff will continue to serve clients on a remote basis during this time, including via telephone and video conferencing. Should you have any questions, please contact your engagement partner directly via email or phone. You may call our main office line at 781.407.0300 for our dial by name directory.

For clients who need to provide us with documents necessary for preparation of their tax returns, we request that you consider sending all necessary tax information through secure electronic means when possible. Please refer to the “Tax Update” section below for more details on our secure electronic processes.

Rest assured that we will not miss a beat. We have invested in the technology, communications processes and training necessary to make the transition to a remote “work from home” environment smoothly and seamlessly. We fully expect to meet all filing deadlines. Our staff remain fully accessible via email and phone to continue serving you during this unprecedented time.

Please refer to the “Tax Update” section below for more details about how Gray, Gray & Gray is working hard to serve our clients during the coronavirus pandemic.

On April 3rd Massachusetts extended the personal income and corporate excise tax filing and payment deadline from April 15th to July 15, 2020. This extension is for personal income tax, estate and trust income tax, partnership composite returns and personal income with respect to deemed repatriated income. The guidance also extends the due date for Q1 and Q2 estimated payments to July 15, 2020. While the guidance does not extend the April 15 deadline for C-corps, the DOR is waiving late-file and late-payment penalties (although interests will still accrue).  For more details, click here to read our full eblast.

On March 27th Massachusetts extended the state individual tax filing and payment deadline from April 15th to July 15, 2020. This matches the previously announced extension for filing and payment of federal tax returns. The move was made in an effort to relieve the stresses of the coronavirus pandemic. State officials said the delay is automatic and taxpayers do not need to file any additional forms to qualify for the extension. Individuals who may be eligible for the payment deferral will automatically have interest or penalties waived. Any clients who may be due a refund are strongly encouraged to proceed with filing your return as soon as possible. For more details click here to read our full eblast.

On March 20th, Treasury Secretary Steven Mnuchin announced that the April 15th federal filing deadline is being extended to July 15, 2020. This change comes as the “latest emergency measure” amidst the growing financial concerns of the coronavirus outbreak.  CNBC reported that “President Donald Trump ordered the extension that will give ‘all taxpayers and businesses’ more time to file returns and make tax payments ‘without interest or penalties,’” according to Treasury Secretary Steven Mnuchin.This news follows the March 17th announcement that individual taxpayers who owe up to a million dollars in federal taxes can defer paying until July 15, 2020, while corporations can defer up to $10 million. Those who are eligible for the payment deferral will automatically have interest or penalties waived.Gray, Gray & Gray’s team is currently working diligently on client tax filings, with the vast majority of tax returns being completed electronically.

Any tax clients who have not yet submitted their tax source information to Gray, Gray & Gray are encouraged to take advantage of our secure electronic processes:

INDIVIDUAL 1040 Tax Clients: TaxCaddy Simplifies Tax Time 
TaxCaddy is an electronic tax organizer that gives individual tax clients the ability to simply upload your 1040 tax documents from your computer, tablet or smartphone. Plus, TaxCaddy offers a handy questionnaire and compares your prior year 1040 tax return source files to assist with identifying what information you may need to submit this year. If you’re a Gray, Gray & Gray individual tax client, check your inbox for an email reminder from “noreply@taxcaddy.com” with a link to the TaxCaddy service app, along with instructions on how to download the app and start uploading your 1040 tax source file documents. Click here for more details about TaxCaddyview a TaxCaddy Frequently Asked Questions (FAQ) document here or contact Cathy Dwan at cdwan@gggllp.com with any questions or to request that we resend the TaxCaddy link to you.
 
CORPORATIONS & INDIVIDUAL 1040 Tax Clients: Client Portal Makes Submitting Tax Source Files Easy
Through the secure Client Portal corporate and individual tax clients have the ability to quickly and easily upload tax source files to our team. Please refer to the “request for documents” secure email provided by a member of our team, to start uploading your files today. If you have any questions or would like a member of our team to re-send the secure file request email to you, please contact Patrice Roberts at proberts@gggllp.com.

PLUS – tax return delivery is also performed electronically. Our team utilizes SafeSend Returns and/or the Client Portal for secure electronic delivery of tax returns.

Resources

Gray, Gray & Gray is providing ongoing information and support to help our clients and friends successfully manage their businesses and individual finances during the evolving coronavirus crisis. From informative webinars and articles, to links to helpful resources, we are committed to assisting and supporting you.

Webinar Series: Managing Your Business Through the Covid-19 Crisis

Links to recordings and presentation slides:

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