By Kevin F. HowleyGray, Gray & Gray, LLP If you are a licensor of intellectual property, royalty payments are at the core of the value of your business. Your investment of time, talent and capital is repaid in installments from licensees. They are not sharing in their success, but fulfilling their end of a business […]
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The Bipartisan Budget Act of 2015 (BBA) included a provision which created new partnership audit rules. It is important to recognize that partnerships (including LLCs taxed as a partnership) will be subject to these new rules for years beginning on or after January 1, 2018. The reason Congress passed the new rules are pretty simple:
New IRS Partnership Audit Rules Read More »
https://www.youtube.com/embed/qpvb5uDXdqU The Defined Contribution Plan Survey results are in! Gray, Gray & Gray Partner Jim Donellon, CPA, MSA and Marty Kirshner, CPA, MSA review the overall results and share insights on select questions, plan trends, and more. Webinar content is intended for educational purposes only. Webinars provide a brief summary based on our understanding and
A Closer Look at Defined Contribution Plan Survey Results 2018 Read More »
By Martin E. PrendergastGray, Gray & Gray, LLP If you are an architectural or engineering firm that does work in states other than your own, you may be on the hook for payment of state and local taxes. States and municipalities across the country are struggling to close budget gaps and fund obligations such as
Has Your A&E Firm Unknowingly Created State and Local Tax Exposure? Read More »
Family businesses account for 64 percent of U.S. gross domestic product, generate 62 percent of the country’s employment, and account for 78 percent of all new job creation.1 Yet the average life span of a family business is a mere 24 years. Less than one in three family-owned businesses survive to be passed on to
Avoid These Seven Mistakes in Succession Planning Read More »
Gray, Gray & Gray’s 2019 Energy Industry Survey is here! Your participation will help us to create an overview of the retail oil and propane industry, providing helpful insights and setting industry standards against which you can measure your own company’s results.
Participate in Gray, Gray & Gray’s 2019 Energy Survey Read More »
Gray, Gray & Gray enjoys offering valuable advice and guidance through our series of webinars that focus on important issues that affect you and your business. Watch for more webinars coming soon. Webinar dates, times, topics, and presenters are subject to change with or without notice. Webinar content is intended for educational purposes only. Webinars
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By Martin E. PrendergastGray, Gray & Gray, LLP The Tax Cuts and Jobs Act of 2017 included several provisions lowering tax rates for both C Corps and many pass-through entities such as S Corps, LLCs, partnerships, and sole proprietors. C Corps received a drop in their corporate tax rate from 35% to 21%. Pass-through entities
A Tax Law Benefit for Architects and Engineers Read More »
Canton, MA (August 16, 2018): James Donellon, CPA, MSA, has been elected a partner at Gray, Gray & Gray, LLP, a certified public accounting and advisory firm based in Canton, MA. The announcement was made by James DeLeo, Leading Partner of the firm. Donellon joined Gray, Gray & Gray in 2006, and most recently served
James Donellon Elected Partner at Gray, Gray & Gray CPAs Read More »
Cryptocurrency, including such online currencies like Bitcoin or other “virtual” currencies, are posing their own unique challenges to the Internal Revenue Service (IRS) and U.S. taxpayers. According to a CNBC report, “Almost every bitcoin or other ‘altcoin’ transaction – mining, spending, trading, exchanging, air drops, etc. – will likely be a taxable event…” Although both
Offshore Cryptocurrency Reporting Read More »