By John W. Cashman, Jr., CPA A recent Tax Court ruling led to an unfortunate end to a “feel good” story. Upon the death of his father, a man inherited a traditional IRA. The son opted to receive the proceeds of the IRA in a lump sum. Following his father’s wishes he then shared the […]
Give and Ye Shall Receive — a Tax Bill Read More »
Don’t ignore it. Here’s why.Presented by Gray Equity Management, LLC Here’s the scenario… you get a card in the mail, one of those little reminders that tell you it’s time for your annual financial checkup. Your reaction: I’ll take care of that later. Here’s why you should look forward to it.Why do I need an
The Annual Financial Check-Up Read More »
By Kelly MonestimeGray, Gray & Gray, LLP Many McDonald’s franchises are family-owned businesses. The dynamics of a family business can be very different from those in a non-family corporation. Personal history, differences in personality and emotions that can be dismissed in a corporate setting can take center stage when the company is family-owned. There is
How Much Should You Pay Family Members? Read More »
Many may keep working out of interest rather than need.Presented by Gray Equity Management, LLC Baby boomers realize that their retirements may not unfold like those of their parents. New survey data from The Pew Charitable Trusts highlights how perceptions of retirement have changed for this generation. A majority of boomers expect to work in
Will Baby Boomers Ever Truly Retire? Read More »
If something sounds too good to be true, guess what: it probably is.Presented by Gray Equity Management, LLC If you are in or near retirement, it is a safe bet that you would like more yield from your investments rather than less. That truth sometimes leads liars, scammers and fraudsters to pitch any number of
Financial Fraudsters Preying on Boomers & Elders Read More »
By John W. Cashman, Jr., CPA, Tax Manager at Gray, Gray & Gray, LLPWith input from CPAmerica They say “rust never sleeps,” and the same is apparently true of those people responsible for the U.S. Tax Code. In the last three months of 2014, a number of tax law provisions were revised, some were newly
Catching Up With Recent Tax Changes Read More »
How long will it last? Who wins & loses from it?Presented by Gray Equity Management, LLC On the New York Mercantile Exchange, a barrel of light sweet crude is currently worth well under $60. Prices have dropped more than 25% in a month and almost 45% year-over-year. What is behind this freefall? How long will
What’s Fueling the Drop in Oil Prices? Read More »
By Michael D. Koppel, CPA, PFS, CITP, MBARetired Partner at Gray, Gray & GrayJanuary 2015 The title of this article is taken from the 1943 Broadway musical, Oklahoma. But it may also be applied to a very important tax concept that also originated with a musical great from an earlier decade. In 1930, songwriter George M.
By C. Joseph Ciccarello, CPA, MSTManaging PartnerGray, Gray & Gray, LLP If you have built a flourishing chain of businesses over the years, your life has no doubt been focused on operational and financial issues related to the business. But it is essential that you also pay attention to your personal finances. In particular, you
Has Your Succession Plan Kept Up With Your Success? Read More »