Articles

Do you use a third party payroll management service? If so, it is critically important to keep your finger on the pulse of your payroll processing and employment taxes. Outsourcing payroll does not mean your company is immune from IRS scrutiny when it comes to unpaid employment taxes. Relying on an outside payroll firm to […]

Gray, Gray & Gray presents the following “Employee Retirement Income Security Act (ERISA)/Employee Benefits Legal Compliance Checklist,” courtesy of The Wagner Law Group. 1. Welfare Benefit Plans Do you have an ERISA-compliant welfare benefit or wrap plan document? Do you have an ERISA-compliant summary plan description? To the extent that the plans are self-insured, are

By Michael D. Koppel, CPA, MSA, PFS, CITPGray, Gray & Gray, LLPMarch 2013 If your company hires independent contractors in any capacity, be prepared to prove their independence, or you may face fines, penalties and back taxes. Ouch! The Internal Revenue Service (IRS) and Department of Labor have announced plans to aggressively crack down on

The Internal Revenue Service (IRS) wants to help you keep your identity safe from on-line thieves. The IRS has issued a proposal to allow some tax filers to use a truncated taxpayer identification number on certain forms and tax documents. However, there are no plans at this time to allow individuals to use a shortened

By Michael D. KoppelGray, Gray & Gray, LLPJanuary 2013 Pay Attention to the New IRS Rules. If your company owns its own building you are, by default, in the property management business as well. Structures of all types – offices, warehouses, factories, retail stores – require maintenance and repairs on a frequent basis, and often

By Michael D. Koppel, CPA, MSTGray, Gray & Gray, LLPDecember 2012 As the end of 2012 draws closer, many people start to think about enjoying the holidays. But as a business owner it is also time to plan for the all-important task of preparing to pay the tax bills your company will be responsible for

Joe Ciccarello, CPAGray, Gray & Gray, LLPSeptember 2011 As I write this, the oilheat industry is just coming off another price spike, during which many dealers delivered product at more than $4 per gallon. Although prices have backed off slightly these are still the highest prices we’ve seen since 2008. Yet this time around there

Joe Ciccarello, CPAGray, Gray & Gray, LLPSeptember 2011 As oilheat and propane dealers cope with rising prices for product and overhead, there is a constant struggle to set and maintain a margin that will allow them to cover costs and still make a profit. Perhaps it is time to take a page from other industries

Joe Ciccarello, CPAGray, Gray & Gray, LLPApril 2012Should I stay or should I go now?If I go there will be trouble.If I stay it will be double. If you are old enough to remember these lyrics from The Clash, you are probably old enough to have retirement on your mind. And, given the very challenging

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.