Steps that may help to address a savings shortfall.Presented by Gray Equity Management, LLC Were you born within the years 1965–1980? That makes you a member of Generation X, and it means you are between ages 35–50. Gen Xers now constitute “the sandwich generation” – how time flies.1Broadly speaking, Gen X is the first generation that […]
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By Richard A. Hirschen, CPA, CGMAGray, Gray & Gray, LLP The federal government recently announced that the nationwide unemployment rate dropped to 5% in October, the lowest it has been since 2008. Professions like architecture, engineering and design are not immune to the effects of the tightening pool of workers. Not only is it more
Protecting Your Firm’s Most Valuable Asset: Its People Read More »
By Richard Hirschen, CPA, CGMAGray, Gray & Gray, LLP Every year architectural and engineering firms spend money – lots of money – trying to generate new business and new projects. Your firm’s investment in marketing can run the gamut from advertising and direct mail, to a website and public relations, to entering design competitions in
Accounting for Marketing Expenses in Overhead Rate Calculations Read More »
A major global selloff unfolds. Is a bottom near?Presented by Gray Equity Management, LLC When will the stock market stabilize? As the last trading week of August began, worried investors wondered just that. Gains for the major indices were hard to imagine at Monday’s opening bell, but few imagined the Dow Jones Industrial Average would drop
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With the Fed poised to gradually raise rates, this is worth considering.Presented by Gray Equity Management, LLC America once experienced something called “moderate inflation.” It may seem like a distant memory, but it could very well return in the second half of this decade. A remote possibility? Most economists think the Fed will start raising interest
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If you are between 40 & 60, beware of these financial blunders & assumptions.Presented by Gray Equity Management, LLC Between the ages of 40 and 60, many people increase their commitment to investing and retirement saving. At the same time, many fall prey to some common money blunders and harbor financial assumptions that may be
Mid-Life Money Errors Read More »
It is important for to keep your company’s name consistently in front of the public, particularly in a competitive business environment. It can be helpful to be innovative in your marketing and promotional techniques, but where do you draw the line? In a recent case, the Tax Court upheld more than $160,000 in deductions over
Tax Court Revs Up Deductions for Promotional Expenses Read More »
Some factors for parents and grandparents to consider.Presented by Gray Equity Management, LLC Naming a minor as a beneficiary brings up a major concern. If parents or grandparents make a child a primary or contingent beneficiary of an insurance policy, IRA or investment account, they should be aware that most policies and investments will not
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Unlike business people in most other walks of life, contractors and construction workers typically work at several sites during the year, while maintaining a home base. If you work in the industry, you are frequently out in the field or taking meetings with customers, incurring substantial travel and entertainment (T&E) expenses. Of course, qualified T&E expenses are
Estate planning vehicles created with disabled heirs in mind.Presented by Gray Equity Management, LLC If you have a child with special needs, you face long-run financial demands that cannot be fully met through federal and state assistance. What can you do to try and meet them? A special needs trust may provide an answer to
Special Needs Trusts Read More »