gray cpa

IMPORTANT: We continue to have limited physical office hours, currently set as Monday-Thursday 9:00-4:00, and Friday’s are By Appointment Only.  With our varying staff levels, our phones do have additional hours of coverage, so please feel free to call. We still welcome you to pre-schedule a visit with our team as we would be happy to provide any one on one you may need!

Business Tax: Time to Consider Section 179?

Business Tax: Time to Consider Section 179? Section 179 expensing can be a very powerful tax-planning tool for small- and medium-sized businesses acquiring capital assets. While it doesn’t change the amount of depreciation you can take over the life of capital...

Contractor or Employee

Contractor or Employee? Is a worker an independent contractor or employee? This seemingly simple question is often the contentious subject of numerous IRS audits. As an employer, getting this wrong could cost you plenty in the way of Social Security, Medicare and...

Business Planning: The Hourglass Approach

When it comes to annual planning, businesses often spend too much time on the planning process or too little because they are busy with day-to-day operations. There’s a simple method called the hourglass approach that can help you efficiently focus on your goals and...

Lessons from the Best Places To Work

Google, Facebook and Southwest Airlines are among the top five companies on job search site Indeed’s “Best Places to Work for 2017” list. You may not have the resources of these large companies, but you can incorporate some of their ideas into your company’s culture....

Five Reasons to Incorporate Your Business

Most new businesses start with no thought about legal structure, but there are important reasons to incorporate your business. In the eyes of the IRS, the default structure is a “sole proprietor,” in which your business profits are taxed on your personal...

W -2 Request Scam – Avoid this Phishing Scam

This past month at least 55 companies reported they had fallen victim to a new type of specialized phishing scheme. It involves a criminal masquerading as a real employee, often a key executive, and then duping unwitting employees to provide payment or secure files....