Canton, MA (June 24, 2024): More than 40 staff members from Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, took part in a “Day of Service” on Thursday, June 20, in conjunction with the statewide MassCPAs initiative on giving back to the community. Team members spent the day […]
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The potential consequences of the Senate failing to pass H.R. 7024, the Tax Relief for American Families and Workers Act of 2024, are numerous, as this crucial legislation addresses several important tax issues. One of the most significant for businesses is the proposed addback of depreciation, amortization, and depletion when determining adjusted taxable income under
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By Bill ConstantopoulosGray, Gray & Gray, LLP As financial software consultants, we have seen firsthand how challenging and time-consuming audit preparation can be for businesses. Gathering information from various departments, locations, and accounts can be a daunting task, especially when using disparate systems and manual processes. However, with the advent of advanced enterprise software platforms
Simplifying Audit Preparation with Sage Intacct Read More »
By Tom Yuen, CPA, MSTGray, Gray & Gray, LLP Research and development are the lifeblood of the life science industry. From developing new drugs and medical devices to advancing biomedicine and biotechnology, life science companies pour billions into R&D each year in pursuit of life-changing innovations. However, the R&D process is extremely costly, time-consuming, and
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By Nathaniel C. Gravel, CISA, CISM, CRISC As a cybersecurity consultant, I’ve seen firsthand the devastating impact that a data breach can have on small and medium-sized businesses (SMBs). While the immediate costs of a ransom payment or fine may seem daunting, the hidden costs that follow can be even more detrimental to a company’s
The Hidden Costs of a Data Breach for Small- and Medium-Size Businesses Read More »
https://youtu.be/J8807vzYLY4?si=alh61saBlYSL9s-1 Research and development are the lifeblood of the life science industry. From developing new drugs and medical devices to advancing biomedicine and biotechnology, life science companies pour billions into R&D each year in pursuit of life-changing innovations. However, the R&D process is extremely costly, time-consuming, and risky, with many drug candidates and products failing
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By James DeLeo, MBA, CPA/MST & Richard Frizzell, CPA, MSAGray, Gray & Gray, LLP Mergers and acquisitions (M&A) come with inherent risks. To mitigate these risks, comprehensive due diligence is essential. Due diligence is the process of investigating a target company to assess its financial health, business operations, and legal compliance. Financial due diligence is
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By Nathaniel C. Gravel, CISA, CISM, CRISC Cybersecurity threats are more prevalent than ever before. But do you know that in 2023, 86% of all cyberattacks were attributed to human error? This is due to a lack of awareness and training among employees. It is crucial to understand that your employees are your first line
Train Your Employees to Be Your First Line of Cyber Defense Read More »
https://youtu.be/q2lcTbnS2Sg?si=NA7hiEnvgvqEGO2g Cybersecurity threats are more prevalent than ever before. But do you know that in 2023, 86% of all cyberattacks were attributed to human error? This is due to a lack of awareness and training among employees. It is crucial to understand that your employees are your first line of defense against cyber threats, and
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About the Episode: Host Bryan Pearce, Director of Strategic Business Planning at Gray, Gray & Gray, interviews Stephen Rusch, Managing Director of Gray Strategic Partners. During this episode, Bryan and Stephen discuss a variety of important topics related to navigating the sale of a business, from when to consider a sale or “recapitalization,” to preparing for a sale