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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

WEBINAR #7: Demystifying Key Issues of the Paycheck Protection Program Form

Featured Events, General, Tax Strategy & Compliance, Webinars / By

During this webinar, Gray, Gray & Gray’s Jim DeLeo, Kelly Berardi, Derek Rawls, and Brad Carlson for answers to your questions about the PPP loan, as well as other federal, state and local crisis funding plans. This session covers topics such as: Documenting the use of PPP funds Eligibility of payments Tax deductibility of wages Tax deductibility of overhead expenses State and

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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. Pearce Director of Strategic Business Planning Gray, Gray & Gray, LLP Successful high-growth businesses know that a key contributor to

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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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Articles

Details on Moratorium on Evictions and Foreclosures

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The Massachusetts legislature has passed an emergency act that institutes a moratorium on non-essential evictions and foreclosures of residential units and small businesses during the governor’s COVID-19 emergency declaration. The act is expected to be signed into law by Governor Baker immediately and will extend for 120 days from the date of signing, or 45

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Webinar

WEBINAR #6: How to Maximize Debt Forgiveness Form

Featured Events, General, Tax Strategy & Compliance, Webinars / By

The Paycheck Protection Program (PPP) portion of the CARES Act is providing millions of small businesses with assistance in meeting payroll during the economic disruption resulting from the COVID-19 pandemic. One of the most beneficial provisions of the PPP loan program is the potential forgiveness of the debt for those businesses who follow Small Business

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Webinar

WEBINAR #5: Get Ready for the “New Normal” Form

Featured Events, General, Tax Strategy & Compliance, Webinars / By

The curve is flattening. The number of patients is falling off. New England’s governors are planning to reopen the economy. The end of the crisis is in sight. But what will it look like? How can you prepare yourself and your business for the “new normal” that will emerge from this extraordinary period of stress

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