What will happen next? You can wait and see while hoping for the best. Or you can create your own future through a deliberate course of action based on a strategy developed with Gray, Gray & Gray’s Strategic Business Planning Group. Interested in learning more? Fill out the form below to schedule a conversation with […]
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With travel for business purposes rebounding as pandemic restrictions are eased, it is good to know that you will be able to deduct a little more for your automobile mileage in 2022. The standard mileage rate for 2022 will be 58.5 cents per mile, an increase of 2.5 cents per mile over the 2021 rate.
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https://youtu.be/tMqiA2N2bw4 As we ring in 2022, we encourage you to start the new year by reaching for more. More for your business. More for your community. More for YOU. You have the Power to Do More today and everyday in 2022! Happy New Year from Gray, Gray & Gray.
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What is SafeSend Organizers? SafeSend Organizers automates the tax engagement by digitally sending a client organizer and a document request to Gray, Gray & Gray 1040 clients. This FAQ is designed to help answer some questions you may have about sending Gray, Gray & Gray your 1040 tax preparation materials and how you will be
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Most not-for-profit executives are aware of the prohibition against private inurement. Generally, nonprofit directors and executives — and their family members — aren’t allowed to personally benefit from their positions while putting their organization at a disadvantage. Penalties for violating the private inurement mandate could include financial sanctions for violators and, in the rare worst-case scenario,
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Canton, MA (December 1, 2021): Gray, Gray & Gray, LLP (www.gggllp.com), a consulting, business advisory, and certified public accounting firm based in Canton, MA, is a co-sponsor of the January Smart Business Dealmakers Boston Conference, a virtual event to be held on January 20, 2022. The Conference connects thousands of local dealmakers, from middle-market CEOs to
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https://youtu.be/KLmUqAzRlX0 The Infrastructure Investment and Jobs Act includes $7 billion in propane-related initiatives. Watch this quick video to learn how this infrastructure act could provide new or expanded opportunities for your propane business. Want to know more? Also, be sure to read our recent article on Infrastructure Act includes $7 Billion for Propane for more
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By Bobby Garrett Director of IT & Cybersecurity Gray, Gray & Gray, LLP Did you know the first recorded ransomware cyber attack was targeted at a non-profit organization? In 1989, over 20,000 attendees of a World Health Organization (WHO) symposium on AIDS research received a complimentary floppy disc containing a file supposedly related to the
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The Tax Cuts and Jobs Act is an often-overlooked crackdown on seven-figure compensation amounts paid to the highest earners. Essentially, beginning in 2018, your not-for-profit organization could be charged a hefty excise tax if it pays more than $1 million to certain “covered” employees. The IRS issued final regulations in early 2021 that generally mirror
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