Discover proven, accessible approaches to thinking strategically about your business in order to make more informed decisions, with a focus on the six business drivers that will put you in a position to succeed. By Bryan E. Pearce Director of Strategic Business Planning Gray, Gray & Gray, LLP Being the CEO of a high-growth business […]
Strategy Session: Building a Great Board Read More »
The speed at which tax relief and financial support legislation has been enacted and implemented has resulted in some confusion and “tweaks” when it comes to final execution. We have been monitoring the various programs and are happy to pass along some clarification regarding the federal Paycheck Protection Program (PPP) and Massachusetts tax relief efforts.
Further Clarification on Paycheck Protection Program and Tax Relief Read More »
The Small Business Administration (SBA) has released guidelines on the Paycheck Protection Program (PPP) – a key portion of the recently enacted CARES Act. The PPP has up to $349 billion available for low-interest loans to help small businesses meet payroll and overhead costs through the next few months. While applications for the PPP are
SBA Releases Guidance on Paycheck Protection Program Read More »
President Donald Trump signed into law the historic Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion stimulus package to provide economic support to both individuals and businesses during the ongoing coronavirus crisis. This massive legislation goes far beyond tax policy changes to encompass a wide range of unemployment extensions and enhancements, and
How Will the CARES Act Impact You and Your Business? Summary of Key Points Read More »
The U.S. Senate has unanimously passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion relief and stimulus package to provide economic support during the ongoing coronavirus crisis. An excellent summary of the Senate’s bill prepared by the Tax Foundation can be found here. While the Senate passed the bill unanimously, the
Senate Passes Economic Relief Package Read More »
Discover proven, accessible approaches to thinking strategically about your business in order to make more informed decisions, with a focus on the six business drivers that will put you in a position to succeed. By Bryan E. Pearce Director of Strategic Business Planning Gray, Gray & Gray, LLP “Hire for attitude. Train for skills” –
Strategy Session: Building and Retaining an “A Team” Read More »
Discover proven, accessible approaches to thinking strategically about your business in order to make more informed decisions, with a focus on the six business drivers that will put you in a position to succeed. By Bryan E. Pearce Director of Strategic Business Planning Gray, Gray & Gray, LLP “If you don’t have a customer, you
Strategy Session: The Importance of Understanding Your Customers Read More »
By Jim Donellon, CPA, MSA Partner, Gray, Gray & Gray, LLP How the costs of obtaining a contract are accounted for has changed. And its complicated, particularly for software and SaaS companies who compensate salespeople on a commission basis. This new guidance aligns the costs of obtaining a contract with the timing of recognizing the
New Accounting Rules for Software Sales Commissions Read More »
Discover proven, accessible approaches to thinking strategically about your business in order to make more informed decisions, with a focus on the six business drivers that will put you in a position to succeed. By Bryan E. PearceDirector of Strategic Business PlanningGray, Gray & Gray, LLP “Change has never happened this fast before, and it
When software programs were installed from a floppy disc or CD-ROM it was easier to identify and account for implementation costs. But the move to cloud computing and SaaS (Software as a Service) muddied the accounting waters. Last year the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU-2018-15) to address the issue. The
New Accounting Standards for Software as a Service Contracts Read More »