Joe Ciccarello, CPAGray, Gray & Gray, LLPAugust 2012 Have you seen the motion picture Moneyball? Or read the Michael Lewis book of the same name? If so, you know how general manager Billy Beane (portrayed in the movie by Brad Pitt) transformed the way the Oakland A’s baseball team managed the critical process of player selection and development. […]
"Moneyball" and Your Oil Business Read More »
Joe Ciccarello, CPAGray, Gray & Gray, LLPJuly 2012 Can you predict the winner of the Kentucky Derby in the year 2017? How about taking a guess at where the stock market will close on July 1, 2017? Or how much a barrel of crude oil will cost five years from today?Nobody can predict these events with any
What Will Your Business Look Like in Five Years? Read More »
Michael L. Cecere, CPA, MSTPartnerGray, Gray & Gray, LLP Certified Public Accountants Companies set up a 401(k) plan for their employees for many reasons. As a vehicle that can help supplement social security income for their employees’ retirement years, a 401(k) is an important recruiting and retention tool and an excellent alternative to a traditional,
Don’t Like Paying for Your 401(k) Plan Audit? Here’s an Alternative Read More »
Westwood, MA, April 4, 2013 – Movers, shakers and influencers in the New England merger & acquisition arena recently met to share ideas and make connections at a “DealMakers” event hosted by Gray, Gray & Gray Certified Public Accountants at their Westwood, MA offices. Buyers, sellers and M&A professionals discussed the current M&A market and
Such a Deal! Gray, Gray & Gray Hosts “DealMakers” Merger & Acquisition Roundtable Read More »
A recent tax court decision, Wandry v. Commissioner, T.C. Memo 2012-88, found that a gift can be made indicating an amount of assets rather than what the assets are. The taxpayers made a gift to their children and grandchildren in an LLC based on a specific dollar amount rather than a percentage of the LLC. Although this
A Major Win for Gift Tax Valuation Read More »
By Michael D. Koppel, CPAGray, Gray & Gray, LLPApril 2012 As a tax accountant my job is to make sure my clients meet their legal obligations to the Internal Revenue Service, while helping them to retain as much of their assets as possible. It is a delicate balance that may soon be tipped further in
Better to Give It Away Before Uncle Sam Takes It Away Read More »
Click HERE to view this important letter concerning the U.S. Treasury Department Regulations on Written Tax Advice.
U.S. Treasury Department Regulations on Written Tax Advice Read More »
“Mind your Own Business”A Radio Show for Entrepreneurs by EntrepreneursGray, Gray & Gray Partner, Rich Hirschen, made a guest appearance on the “Mind your Own Business” Radio Show on March 26th! The show provides advice, information and connections for entrepreneurs, service providers and established companies. The show was aired on the following local stations:WBNW 1120 AM – Needham,
GG&G Partner, Rich Hirschen, Makes Guest Appearance on MYOB Radio Show Read More »
Estimated Net Equity % (Organizational Equity) is one of the financial ratios that McDonald’s considers when evaluating financial health and viability. Net Equity should be at least 25%, which matches the initial equity injection required on existing restaurant purchases. The value of the business, minus debt on the business, divided by the value of the
Calculating Net Equity Read More »
Keeping your McDonald’s business financial sound requires that you pay close attention to the financial data you are generating every day. You must generate enough income to meet your operating expenses and debt service, while allowing for growth. Tracking the numbers is essential if you are to ensure financial viability.McDonald’s corporate accesses the financial viability
Understanding Working Capital and Liability Turnover Ratios Read More »