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Extended Deadlines for New Revenue Recognition and Lease Accounting Standards

Articles, Auditing & Accounting, Featured Events, General, Helpful Links, News & Events, Tax Strategy & Compliance / By

Citing the global COVID-19 pandemic, the Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842) Effective Dates for Certain Entities. ASU 2020-05 extends the effective date of the new revenue recognition and lease accounting standards for private companies and not-for-profit organizations […]

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Time to Take Our 2020 Energy & Propane Industry Survey

Energy, Energy & Petroleum, Featured Events / By

Click here to take the survey now For the past 28 years Gray, Gray & Gray has conducted an annual survey of the energy and propane industry. The results have created an industry-leading database of information and benchmarking data – a valuable annual “snapshot” of the industry. Right now, our latest survey, conducted in collaboration

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Strategy Session: The Strategy Behind Strategic M&A Transactions

Strategy Session: The Strategy Behind Strategic M&A Transactions

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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 Successful entrepreneurs and business owners understand that there are options to

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Strategy Session: Finance & Owner Wealth Management

Strategy Session: Finance & Owner Wealth Management

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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 Successful entrepreneurs and business owners understand that having sufficient capital to

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Articles

Cybersecurity Defense Starts by Training Your People

Articles, Cybersecurity, Featured Events, General, Helpful Links, News & Events / By

By Bobby Garrett Director of IT & Cybersecurity Gray, Gray & Gray, LLP When it comes to protecting your company’s information from cyberattack you want to be sure you deploy robust detection and prevention methods, including firewalls, enhanced systems and network monitoring, secure networks, and powerful encryption. But to be truly effective your defenses must start with

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Articles

How PPP Loan Forgiveness Will Impact Overhead Rates for Architects & Engineers

Architecture/Engineering/Design, Articles, Featured Events, General, Helpful Links, News & Events / By

Businesses that apply for and receive loans through the federal Paycheck Protection Program (PPP) would be wise to comply with spending guidelines that could lead to loan forgiveness. But companies working on federal and state contracts should be aware that any loan forgiveness will have an impact on their overhead rate calculated in accordance with

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Webinar

4 Reasons to Take Our 2020 Energy & Propane Industry Survey

Energy, Energy & Petroleum, Featured Events / By

For the past 28 years Gray, Gray & Gray has conducted an annual survey of the energy and propane industry. The results have created an industry-leading database of information and benchmarking data – a valuable annual “snapshot” of the industry. Right now, our latest survey, conducted in collaboration with Oil & Energy magazine, is online

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Strategy Session: Improving Gross Margins & Efficient Delivery

Strategy Session: Improving Gross Margins & Efficient Delivery

Articles, Business Advisory Services, Featured Events, General / By

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 Successful high-growth businesses know that a key contributor to a thriving

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Articles

Being Smart About PPP Loan Proceeds

Articles, Employee Benefit Plan Audits, Featured Events, General, News & Events / By

By Michael L. Cecere, CPA, MST Gray, Gray & Gray, LLP Despite a few delays and some initial confusion, the Paycheck Protection Program (PPP) loan program has distributed some $350 billion in low-interest loans to small businesses across the U.S and a new round of funding is in the works to be approved shortly. The

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Articles

How a Layoff or Furlough Might Impact Your Employee Benefit Plan

Articles, Employee Benefit Plan Audits, Featured Events, General, News & Events / By

By Michael L. Cecere, CPA, MST Gray, Gray & Gray, LLP Businesses reducing headcount during the coronavirus pandemic should be aware that choosing between a layoff or a furlough will create different impacts on the company’s retirement plan or defined benefit plan. A furlough is a short-term cessation of work for a defined period. Although

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