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Podcasts by Gray, Gray & Gray

Strategic Thinking Podcast: Bryan Pearce Interviews Jen Harrington of HATCH The Agency

About the Episode: Host Bryan Pearce, Director of Strategic Business Planning at Gray, Gray & Gray, interviews Jen Harrington, Founder and President of HATCH The Agency. HATCH is a branding agency that works with a broad range of clients to creatively define their brand and successfully bring it to life in the market, often when […]

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R&D Capitalization Starts Next Year (Maybe). Are You Ready?

By Tom Yuen, CPA, MST Since 1954 taxpayers have been able to fully deduct research & development (R&D) costs during the tax year in which they occurred, if they chose to do so. The option for an immediate deduction was seen as a way to spur innovation. But that option is coming to an end

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Balancing Tax Credits with COVID Stimulus

By Martin E. Prendergast, MBAGray, Gray & Gray, LLP As tough as the past year has been for many architectural, engineering and design firms, there have been a number of federal programs put in place to help retain employees and ease the burden imposed by the extended economic upheaval. While most people are familiar with

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PPP Forgiveness Deadline Looming

By Martin E. Prendergast, MBAGray, Gray & Gray, LLP Have you applied for PPP loan forgiveness yet? If not, you’d better hurry. Architectural, engineering and design firms that received a Paycheck Protection Program (PPP) loan during the “first draw” period in 2020, and who followed the SBA guidelines for using loan proceeds, can apply for

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Will There Be a Three-Year Extension for Biodiesel Tax Credit?

The $1 per gallon tax credit for biodiesel and renewable diesel fuel, which is set to expire at the end of 2022, may have a longer life. Legislation to extend the tax credit through 2025 has been introduced in both the U.S. House of Representatives and Senate. This is welcome news for fuel oil dealers

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Podcasts by Gray, Gray & Gray

Strategic Thinking Podcast: Bryan Pearce Interviews Marty Mazzella of Ti-SALES

About the Episode: Host Bryan Pearce, Director of Strategic Business Planning at Gray, Gray & Gray, interviews Marty Mazzella of Ti-SALES. Ti-SALES has been an essential partner to municipal water utilities and other customers in the water industry since it was founded in 1963. Marty purchased Ti-SALES in 2018 from the family that founded the

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DOL Issues Cybersecurity Guidelines for Retirement Benefit Plans

Citing the growing threat of online criminal activity, the U.S. Department of Labor has issued guidance on cybersecurity steps to help protect the nation’s $9.3 trillion in pensions and defined benefit plans. The suggestions are aimed at helping plan sponsors and fiduciaries to avoid data breaches and cyber theft from the estimated 140 million retirement

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Successfully Navigating the Employee Retention Tax Credit

The Employee Retention Tax Credit (ERC), which allows eligible employers to earn a refundable tax credit against certain federal employment taxes, was an important part of the original CARES Act to provide pandemic relief. The ERC became even more appealing once it was opened to businesses that had also received a Paycheck Protection Program (PPP)

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2020 PPP Loan Expense Deductions Can Be Brought Forward

Thanks to the far-reaching Consolidated Appropriations Act passed in December 2020, small businesses that used funds from a first round Paycheck Protection Program (PPP) loan to pay eligible expenses were also granted the right to take a deduction on their 2020 tax return – even if the PPP loan was forgiven (or was expected to

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