By James DeLeo, MBA, CPA/MST & Kelly Berardi, JD, LL.M.Gray, Gray & Gray, LLP One of the most important aspects of any M&A deal is the tax planning. While experienced dealmakers know to expect certain tax consequences, there are often unexpected tax implications that can arise. These unexpected tax bills can have a significant impact […]
Avoiding Unexpected Tax Implications in Mergers and Acquisitions Read More »
Canton, MA (February 14, 2024): Gray, Gray & Gray, LLP, an accounting and business consulting firm based in Canton, MA, has been ranked as the 17th largest accounting firm in Massachusetts by the Boston Business Journal, up two spots from the previous year’s position. The publication’s annual rankings are based on the size of the
On January 31st, the U.S. House of Representatives passed the Relief for American Families & Workers Act of 2024, which includes significant changes to Section 174 Research and Development (R&D) expensing rules, enhancements to the Child Tax Credit, and restoration of several other business friendly provisions. The bi-partisan agreement still needs to be finalized and passed
U.S. House Passes Act to Extend R&D Tax Credits Read More »
By Derek Rawls, CPA, MSTGray, Gray & Gray, LLP The landmark Supreme Court decision in South Dakota v. Wayfair, Inc. in 2018 fundamentally altered the landscape of sales and use tax compliance for businesses with multistate sales. By overturning the physical presence requirement, the Court paved the way for states to require remote sellers to
Sales and Use Tax Five Years After Wayfair Read More »
Canton, MA (January 22, 2024): Andrea Cincotta, CPA, MBA, a Manager with Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, has been elected to the Board of Directors of the Neponset River Regional Chamber of Commerce. “It is a privilege and a pleasure to serve on the Board,”
Andrea Cincotta of Gray, Gray & Gray Elected to Regional Chamber Board Read More »
Canton, MA (January 17, 2024): Gray, Gray & Gray, LLP, a business consulting and accounting firm based in Canton, MA, has announced the promotion of six team members to new positions: Kerin Coleman has been promoted to Senior Staff Accountant in the Tax Department. She is a graduate of Merrimack College and joined the firm
Gray, Gray, & Gray Promotes 6 Team Members Read More »
One of the biggest challenges facing not-for-profit organizations is finding and retaining top-quality talent. It’s hard enough to overcome the perception — often a misconception — that nonprofits don’t pay their employees nearly as well as for-profit companies. When benefits are factored in, nonprofits can look more attractive. So you may want to review, and possibly
7 Fringe Benefits for Nonprofit Employers to Offer Read More »
By Martin E. Prendergast, MBAGray, Gray & Gray, LLP The U.S. tax code offers various provisions designed to incentivize business growth and innovation. Among them, Section 174 plays a crucial role by allowing businesses – including many in the architecture, engineering, design, and construction industries – the option to deduct or amortize research and experimental
R&D Deduction Update Read More »
During this seminar, we discussed what challenges business leaders will face in 2024, and how they can prepare to meet them. Learn what lies ahead on the economic front, how to plan for more changes in your corporate and personal taxes, and why the M&A market is set to heat up again. Plus you’ll hear
2023 Year End Planning Seminar Recording Access Read More »
You likely already know that year end is the optimal time for not-for-profits to conduct gift-giving campaigns. Donors are more generous during the holidays, and many people wait until the last minute to make tax-deductible gifts before the Dec. 31 deadline. In fact, according to Double the Donation, 10% of all charitable giving occurs on the
Boost Year-End Donations to Your Nonprofits Read More »