Some taxpayers who have been playing “catch up” on their retirement savings after age 50 will soon be losing one of the tax breaks they have enjoyed. Starting January 1, 2024, any catch up 401(k) contribution made by a taxpayer earning $145,000 or more during the previous year must be made – after taxes – […]
Retirement Tax Break Going Away Read More »
By Martin E. PrendergastGray, Gray & Gray, LLP Since the availability of immediate R&D expensing was eviscerated by the Tax Cuts and Jobs Act (TCJA) of 2017, business advocates and many members of Congress have been actively seeking to reverse the changes. The new rules requiring R&D spending to be amortized over five years (15
R&D Tax Treatments Still in Limbo Read More »
By Nathaniel C. Gravel, CISA, CISM, CRISC Securing cloud-based data must be a top priority for organizations that increasingly rely on cloud services for their daily operations. The rapid growth of cloud computing and the vast amount of sensitive information stored in these environments make it crucial to implement robust security measures to protect your
Baseline Security Measures for Cloud Environments Read More »
The movement to restore full expensing of R&D costs in the year the expenses are incurred, instead of amortizing them over 5 years, is gaining momentum in Congress. A bi-partisan bill had previously been filed in the U.S. Senate to return full expensing of R&D Costs (S. 866). That effort has now been joined by
R&D Tax Expense Restoration Moves Forward in Congress Read More »
Canton, MA (April 6, 2023): Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, has been ranked as the seventh largest independent accounting firm in New England by Accounting Today, the accounting industry’s foremost publication. Gray, Gray & Gray’s annual revenue of $29.5 million represents a rate of growth
Gray, Gray, & Gray Ranked Among Top New England Accounting Firms by Accounting Today Read More »
Following the passage of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and its successor, SECURE 2.0, several changes were made in the requirements for filing IRS Form 5500 or the simpler Form 5500-SF (Short Form Annual Return/Report of Small Employee Benefit Plan). One of the changes is an adjustment
Changes in Form 5500 May Benefit Small Business Benefit Plans Read More »
Canton, MA (April 3, 2023): Gray, Gray & Gray, LLP, a consulting and accounting firm serving the fuel oil and propane industry, has opened its 2023 annual Energy and Propane Survey. This is the firm’s 32nd year of conducting its industry-leading survey of the nation’s energy marketers, and the 7th year for their focus on
2023 Gray, Gray & Gray Energy and Propane Industry Survey Now Open Read More »
Thank You to Our 2023 Energy & Propane Industry Survey Participants.Survey Results Coming This Fall! We are excited to announce our 32nd annual Energy Industry Survey. We are pleased to bring you a streamlined 2023 survey that will continue to provide companies like yours with key benchmarking data for their present and future success. What’s
Participate in Gray, Gray & Gray’s 2023 Energy & Propane Industry Survey Read More »
