“If you have given any thought to selling your business and retiring, now might be a good time. And I mean right now.”
Make sure to read the full article by Joe Ciccarello, CPA, MST, head of the business succession planning practice group at Gray, Gray & Gray!
We are pleased to announce that we have undertaken a major rebranding in response to an ongoing expansion and shift in the services provided to clients. This rebranding includes the new logo shown above, a refreshed website at www.gggllp.com and a new client-centric initiative we’re calling the “Power of More.”
What does the Power of More represent?
More attention. More expertise. More opportunity.
More solutions for your ever-changing needs.
More than you’ve asked for. More than you expect.
The onset of the tax filing period is likely to also see an increase in scams designed to steal taxpayer financial information or defraud individuals and businesses. Here are some of the scams the IRS is warning taxpayers and businesses to guard against. Continue reading
The Internal Revenue Service (IRS) has issued a list of important tax deadlines for 2019. We have organized them below in chronological order. Remember, the IRS takes these deadlines seriously, and so should you. No adjustments have been made at this time as a result of the current partial shutdown of the federal government.
What if you miss a deadline? The IRS recommends that you file your return as soon as possible. If you owe taxes, pay them. You may face a financial penalty, or perhaps just an interest charge, but the IRS generally will accept the late return.
By John W. Cashman, Jr., CPA
Tax Manager at Gray, Gray & Gray, LLP
The ongoing economic recovery has resulted in a return of an extended bull market on Wall Street. One offshoot of this is an increase in capital gains generated by activities such as portfolio reallocation and the sale of appreciated assets. While many factors go into making a buy/sell decision, one of the most important concerns is the tax implication of any transaction that results in capital gains. Continue reading
The busy tax filing season is almost upon us. In order to help you stay ahead for 2014 filings and plan for 2015, we have listed some of the most common tax deadlines below.
As always, if you have any questions, need help filing your taxes, or are wondering what you will need to file, please feel free to contact Gray, Gray & Gray’s Tax Department. Continue reading
We are elated to announce the addition of Brad Carlson to Gray, Gray & Gray’s Partner Group! Brad has served as Gray, Gray & Gray’s Director of Tax since joining the firm in 2011.
“Brad Carlson has been a steady leader in our Tax Department through several years of firm growth and significant changes in the tax landscape,” said Joe Ciccarello, Managing Partner of Gray, Gray & Gray. “He continues to provide valuable, well-informed guidance to both corporate and individual clients.”
Congratulations on this well-deserved promotion, Brad!
Read the press release here.
With the end of 2014 rushing at us, our thoughts may naturally turn to the upcoming holidays. But spare a few minutes now to think beyond the New Year to the mid-April deadline for filing taxes. Due to the confusion and uncertainty on Capitol Hill during a mid-term election year, it is difficult to predict precisely how the tax landscape will shake out. However, we can take a highly educated guess at the six factors most likely to impact the tax bill you’ll pay when filing next spring: Continue reading
The Internal Revenue Service (IRS) office is alerting financial institutions to be wary of fraudulent emails, ostensibly from the IRS, requesting personal financial data on account holders under the Foreign Account Tax Compliance Act (FACTA). The emails request data such as account holder identities, account information, and confidential passwords.
The IRS says it does not request specific account holder identity information over the phone, by fax or by email, and does not solicit FACTA passwords or other confidential account information. They report that incidents of these “phishing” scams involving FACTA have occurred in multiple countries.
The Massachusetts legislature was very busy during the last few weeks of the session just concluded, passing a fiscal year 2015 state budget of approximately $36.5 billion. Among the provisions passed and enacted were several new and expanded tax credits and incentives that offer taxpayers in the Commonwealth a number of opportunities to reduce their tax burden. Continue reading