What is SafeSend Gather? SafeSend Gather helps streamline your tax information collection process while ensuring the highest level of security and confidentiality for your sensitive information. While you are completing your organizer, you can also upload your tax documents and transmit all information electronically to your Gray, Gray & Gray accountant. SafeSend is a user-friendly […]
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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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https://youtu.be/x6VMy69S-gIDuring this webinar, industry leaders discussed how they are working with propane and heating oil companies to mitigate the worst of the fall out. Heating oil and propane prices have already surged, and if things break badly, we could be in for an even worse ride. When prices spike, they create a host of problems. Customers start
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https://youtu.be/3ebMlXXSonU During this seminar, we provided crucial information and discussions that will allow you to take control of your future and move forward with confidence. Gray, Gray & Gray Partners, Kelly Berardi, Derek Rawls, and Brad Carlson presented a Tax Update, discussing the impact of proposed tax changes. A panel of thought leaders also covered a range
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The amount an individual can contribute to a qualified retirement plan in 2022 has been raised to $20,500, up from a limit of $19,500 imposed in 2019 and 2020. The new cap applies to 401(k), 403(b), most 457 plans, and the federal Thrift Savings Plan. However, if a taxpayer or their spouse is covered by
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