Does your not-for-profit need to replace a departing board director — or add directors to better handle your growing organization’s governance work? Choose carefully, because although a well-qualified, enthusiastic board addition can help infuse the group with energy and fresh ideas, an unqualified one can create conflict and other problems. Here’s how a nonprofit board should […]
All Aboard: Recruiting New Nonprofit Board Members Read More »
Canton, MA (November 4, 2022): Gray, Gray & Gray, LLP, one of the country’s leading consulting, accounting and business advisory firms, will host “Building a Winning Business Strategy,” a year-end planning seminar for businesses and individuals. The seminar will be held on Thursday, December 1, 2022, from 8 am – Noon at the firm’s offices
Gray, Gray & Gray to Host Year End Planning Seminar Read More »
Building A Winning Business Strategy Thank you for joining us for Gray, Gray & Gray’s Year End Planning Seminar! https://youtu.be/UVFN9aL0qPg What will it take to thrive in 2023? Learn about the latest tax updates and how mid-term elections could impact the tax landscape. Discover more about the complex new Lease Accounting requirements and how to
Year End Planning Seminar 2022 Read More »
After much debate and delay the long-anticipated changes to accounting standards for commercial and residential leases (FASB accounting standards for leases) are finally being implemented. The new standards will have an across-the-board impact for property owners, property managers, and lease tenants. In short, the way you report lease income and lease expenses on your financial statement
Managing the New Accounting Requirements for Leases Webinar Recording Access Read More »
By Nathaniel C. Gravel, CISA, CISM, CRISC Hundreds of thousands of organizations in the U.S. and around the world rely on Microsoft’s Office 365 software suite to run their businesses. But recent events have shown that even this highly regarded software is vulnerable to penetration by increasingly sophisticated methods used by cyber criminals. The biggest
Is Office 365 Vulnerable to Cyberattack? Read More »
With inflation continuing to pose a financial challenge American taxpayers will soon be getting some relief from the Internal Revenue Service (IRS). Annual inflation adjustments made by the IRS went into effect in 1985. For the 2023 tax year the IRS is increasing the standard deduction and adjusting the income limits for tax brackets. The
IRS Adjusting Tax Brackets, Deductions Read More »
The Social Security Administration (SSA) recently announced that the “wage base” for computing Social Security tax will increase for 2023 to $160,200. This is up from $147,000 for 2022. Federal law limits the amount of earnings that are subject to the Old-Age, Survivors, and Disability Insurance (OASDI) tax in a given year. This threshold, referred to
Social Security Wage Base and Earnings Test Amounts Increase in 2023 Read More »
By Nathaniel C. Gravel, CISA, CISM, CRISC With an estimated 2,200 cyberattacks taking place each day – one every 39 seconds – the task of creating and deploying a defensive strategy for your business can be intimidating. Still, the threat is too great to ignore, not to mention the fact that most states have strict
Where to Start with Cybersecurity Read More »
By Nathaniel C. Gravel, CISA, CISM, CRISC The number one cause of cybersecurity breaches in the U.S. is human error. Statistics show that 70% of all cyber intrusions are caused by somebody clicking on the wrong link, downloading an infected attachment, or responding to an email that looked legitimate but was a deception. Collectively known
How Simulated Phishing Can Save Your Business Read More »
The right software makes developing a customized report simple and fast. And we can prove it. Watch Bill Constantopoulos, Director of Gray, Gray & Gray’s Sage Intacct Advisory Practice, as he creates a full-blown, custom financial report! Bill demonstrates the essential parts of a well-structured report, provides organizational tips, shows the most efficient ways to import and