October 17 — Personal returns that received an automatic six-month extension must be filed today and any tax, interest, and penalties due must be paid. Electing large partnerships that received an additional six-month extension must file their Forms 1065-B today. If the monthly deposit rule applies, employers must deposit the tax for payments in September […]
The Internal Revenue Service (IRS) estimates tax refund fraud will near $21 billion in 2016. To counteract rising threat, the IRS has put on a full court press to stop identity theft, using a combination of prevention, detection and victim assistance. The “Taxes. Security. Together.” awareness campaign is an effort to better inform taxpayers about
IRS Offers Tips on Avoiding Tax Identity Theft Read More »
by Bobby Garrett, IT DirectorGray, Gray & Gray, LLP A growing issue beleaguering the technology world is “phishing,” a tactic used by cybercriminals as they attempt to obtain financial data and other confidential information from unsuspecting individuals. Phishing uses “spoofed” emails, fake websites and deceptive phone calls to lure people to voluntarily hand over sensitive
10 Ways to Avoid Phishing Read More »
First-time business sellers often must negotiate an M&A deal with far more experienced buyers. If your buyer already has several acquisitions under its belt, you could be at a competitive disadvantage. Experienced M&A advisors, who can fight on your behalf for the best price and deal terms, are essential to overcoming this strategic disadvantage. Survey
What is the "Seller Disadvantage" and How Do I Overcome It? Read More »
Thousands of employers across the country have received (or soon will receive) a letter from U.S. Department of Health and Human Services (HHS) notifying them that one or more of their employees has applied for healthcare insurance through a federal Health Insurance Marketplace, and that the employee has been deemed eligible to receive a healthcare
Healthcare Premium Subsidy Notices Begin to Arrive Read More »
Business sellers who aren’t ready for retirement may wish to retain a management role in their companies after they’ve been sold. Such arrangements can offer buyers advantages, including a smoother integration process and higher customer and employee retention. For these reasons, a buyer may even require its seller to remain with the company for a
Staying Power: Buyers can benefit when sellers take a postsale role Read More »
By Derek B. Rawls, CPA, MSTGray, Gray & Gray, LLP American companies exporting goods – and certain services – may be able to enjoy significant federal income tax savings through a little-known instrument known as an interest charge domestic international sales corporation (IC-DISC). You do not need to be a huge exporter to take advantage
What is an IC-DISC and How Could It Save You Tax Dollars? Read More »
The period immediately following the close of an M&A deal is a fragile one for customer relations. If you don’t address misgivings and fears, you could face substantial customer attrition — and imperil the value of your acquisition. Learn why customers depart following a merger and how you can create a plan to prevent it.
Retaining Customers After Your Acquisition Read More »
The return of warm weather also signals the northward migration of the “snowbirds,” New England residents who escape the cold and snow by spending several months in Florida or other states with milder winter weather. But a word of caution to our neighbors who make the seasonal commute along I-95: pay close attention to state
"Snowbird" Tax Issues Read More »
By Michael Cecere, CPAGray, Gray & Gray, LLP Do you know how your money is being invested? Or, if you are the one responsible for managing an investment portfolio, what assurance are you giving your clients that their money is being invested as they would wish? If you can’t answer these questions, you probably do
Having an Investment Policy Statement is… a Good Policy! Read More »