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 […]
2020 PPP Loan Expense Deductions Can Be Brought Forward Read More »
During this one-hour webinar Gray, Gray & Gray will help businesses explore reasons why you may want to apply for and manage ERTC, including balancing ERTC with PPP loans. Watch the webinar recording with Gray, Gray & Gray Leaders Jim DeLeo, Kelly Berardi, Brad Carlson and Derek Rawls as they answer your questions about the ERTC program. Please complete the brief form
WEBINAR #14: Everything You Need to Know About Employee Retention Tax Credits Form Read More »
The original CARES Act in March 2020 provided much needed relief for small businesses in the form of Paycheck Protection Program (PPP) loans. But a lesser known component was the Employee Retention Tax Credit (ERTC), which allowed eligible employers – of any size – to earn a refundable tax credit against certain federal employment taxes.
Balancing a PPP Loan and Employee Retention Tax Credits Read More »
Sapers & Wallack decided to arrange for a Town Hall Meeting for the Sapers & Wallack / Hilb Group family and friends to share and address these questions and we pulled together experts from our network who were kind enough to make themselves available to help you understand what is needed to obtain this second round of
Sapers & Wallack Town Hall: 2nd Round of PPP Funding Form Featuring Martin Prendergast Read More »
By Elvira Lawlor, CPA, MBA Gray, Gray & Gray, LLP The research and development (R&D) tax credit is one of the most powerful tools your architectural or engineering firm could use to ease your tax burden. In light of the global pandemic, with many businesses struggling to stay afloat, R&D could become a great boost
Are you taking advantage of CARES ACT opportunities for tax refunds? Read More »
During this one-hour webinar Gray, Gray & Gray helps small businesses understand eligibility for a PPP loan, navigate the application process, and develop a strategy to use available PPP funds in order to maximize loan forgiveness. Jim DeLeo, Kelly Berardi, Brad Carlson, and Derek Rawls explain the key components of the second PPP program and what you need to
WEBINAR #13: PPP Round Two – More Relief is on the Way Webinar Form Read More »
Canton, MA (December 9, 2020): Forbes magazine has named Gray, Gray & Gray, LLP to its list of America’s Best Tax and Accounting Firms for 2021. The firm was recognized as one of the most recommended firms for tax services in the U.S. Gray, Gray & Gray was also named to the 2020 Forbes list. This is the
By Michael D. Koppel, CPA, PFS, CITP, MBA Retired Partner December 1, 2020 Editor: Marcy Lantz, CPA Jill owns a hardware store on Main Street in a small town. The store to her left is a women’s clothing store owned by Mary. To her right is a sporting goods store owned by James. Each business is
Multiple-employer plans for small businesses Read More »
The COVID-19 pandemic continues to impact organizations and individuals across the globe. With no clear end in sight, many organizations have implemented modifications to the way their teams work and continue to seek ways to plan for what the future may hold. How has your company adapted to the changing work world to date? What
WEBINAR #12: The Changing World of Work Webinar Form Read More »
Classifying a worker as an employee or independent contractor has long been a complicated task for employers, with significant consequences. Misclassification can result in fines and penalties, and, in some cases, employers may be required to pay back wages and taxes to a worker who is reclassified as an employee. Now the U.S. Department of
New Rules on Employee/Contractor Classification Proposed Read More »