General

An Important Announcement for Our Clients Regarding Coronavirus

The unprecedented spread of the novel Covid-19 “Coronavirus” continues to impact our daily lives, including the way in which we conduct business. Gray, Gray & Gray leadership is closely monitoring the information shared by the Centers for Disease Control and Prevention (CDC) and State officials about the virus, and exercising necessary precautions. The health and […]

An Important Announcement for Our Clients Regarding Coronavirus Read More »

Articles

An Estate Plan Makes a Great Graduation Gift

While not exactly a “traditional” gift for a high school graduate, paying for the creation of an estate plan for a young adult can have long term benefits for both the grad and their family. If you have a child, grandchild or other relative who recently graduated or reached age 18, an estate plan is

An Estate Plan Makes a Great Graduation Gift Read More »

Articles

How You Can Use an SBA EIDL Loan

While much attention has been paid to the federal government’s Paycheck Protection Program (PPP) loans, the Small Business Administration’s Economic Injury Disaster Loan (EIDL) program has also been an important source of funding for small businesses during the COVID-19 pandemic. EIDL loans usually only provide assistance after natural disasters like tornadoes, wildfires or floods. But

How You Can Use an SBA EIDL Loan Read More »

Articles

Collecting Royalty Payments in a Down Economy

By Kevin F. Howley, CPAGray, Gray & Gray, LLP The economic disruption caused by the COVID-19 pandemic has generated a need for many businesses to take a hard look at expenditures in order to carefully guard their cash flow. Unfortunately, some companies that license intellectual property or operate as a franchise may be tempted to

Collecting Royalty Payments in a Down Economy Read More »

Articles

CPAs in Demand

By Jim DeLeo, CPA, MBA/MSTGray, Gray & Gray, LLP The COVID-19 pandemic and resulting economic disruption has seen unemployment rates, both nationally and locally, rise steeply. Unlike many previous economic downturns, the impact is being felt across the board, including traditionally “white collar” jobs. But certain occupations are proving to be, if not recession-proof, at

CPAs in Demand Read More »

Articles

The Importance of Cash Flow Management in a Time of Crisis

Although the U.S. economy is once again opening for business, the impact of the COVID-19 shutdown will have a lingering effect on businesses across virtually all industries. The acute disruption of “business as usual” will continue to make managing your company’s cash flow a top priority. Here are 11 tips for controlling and managing your

The Importance of Cash Flow Management in a Time of Crisis Read More »

Articles

Extended Deadlines for New Revenue Recognition and Lease Accounting Standards

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

Extended Deadlines for New Revenue Recognition and Lease Accounting Standards Read More »

Strategy Session: The Strategy Behind Strategic M&A Transactions

Strategy Session: The Strategy Behind Strategic M&A Transactions

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

Strategy Session: The Strategy Behind Strategic M&A Transactions Read More »

SBA Releases Paycheck Protection Program Loan Forgiveness Application

SBA Releases Paycheck Protection Program Loan Forgiveness Application

Click HERE to access the Small Business Administration (SBA)’s Paycheck Protection Program (PPP) Loan Forgiveness Application.  Click HERE to access the Instructions for the PPP Loan Forgiveness Application. Click HERE to access the SBA’s PPP EZ Loan Forgiveness Application. Click HERE to access the Instructions for the PPP EZ Loan Forgiveness Application. Gray, Gray & Gray has developed a proprietary PPP loan calculator

SBA Releases Paycheck Protection Program Loan Forgiveness Application Read More »

Strategy Session: Finance & Owner Wealth Management

Strategy Session: Finance & Owner Wealth Management

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

Strategy Session: Finance & Owner Wealth Management Read More »