The $1.7 trillion federal omnibus spending package that was signed by President Biden on Friday, December 23 did not include a provision to reverse the recently enacted requirement that businesses amortize their R&D expenses. This was despite industry pressure for an extension or removal of the requirement to begin amortizing R&D expenditures, which went into […]
No Relief: R&D Expenses Must Be Amortized Read More »
https://youtu.be/5DUkcfC0F0Y Cheers to MORE in 2023. Happy Holidays and Happy New Year!
Gray, Gray & Gray – Celebrating 2022 Read More »
Does your not-for-profit need to replace a departing board director — or add directors to better handle your growing organization’s governance work? Choose carefully, because although a well-qualified, enthusiastic board addition can help infuse the group with energy and fresh ideas, an unqualified one can create conflict and other problems. Here’s how a nonprofit board should
All Aboard: Recruiting New Nonprofit Board Members Read More »
The Inflation Reduction Act that became law in August included a provision that increases, expands, and extends the investment tax credit (ITC) for solar photovoltaic systems installed on residential properties. The law restores the 30% tax credit that was previously available for systems installed prior to 2020 and is applicable to qualifying installations completed between
Solar Tax Credits Expanded and Extended Read More »
On November 8 voters in Massachusetts narrowly approved a constitutional amendment authorizing an additional personal income tax of 4 percent on all annual income above a $1 million threshold. While similar amendments have been proposed and voted on in prior years, this is the first time the measure has passed. Proponents estimate the new tax,
How Might the “Millionaire’s Tax” Impact You? Read More »
Canton, MA (November 4, 2022): Gray, Gray & Gray, LLP, one of the country’s leading consulting, accounting and business advisory firms, will host “Building a Winning Business Strategy,” a year-end planning seminar for businesses and individuals. The seminar will be held on Thursday, December 1, 2022, from 8 am – Noon at the firm’s offices
Gray, Gray & Gray to Host Year End Planning Seminar Read More »
Learn more about adding a lease in LeaseJava with this Quick Reference Guide. To assist our clients with meeting the new lease accounting standards, Gray, Gray & Gray has partnered with LeaseJava, a software platform that simplifies the new reporting process. We can provide you with access to enter the lease information on your own or
LeaseJava Quick Reference Guide Read More »
Building A Winning Business Strategy Thank you for joining us for Gray, Gray & Gray’s Year End Planning Seminar! https://youtu.be/UVFN9aL0qPg What will it take to thrive in 2023? Learn about the latest tax updates and how mid-term elections could impact the tax landscape. Discover more about the complex new Lease Accounting requirements and how to
Year End Planning Seminar 2022 Read More »
https://youtu.be/OU7nztx8CmY Download the presentation here. Learn More About the New Lease Accounting Standards Here 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
Managing the New Accounting Requirements for Leases Webinar Recording 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 »