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!

Questions To Ask Before Signing A Business Loan

Are you thinking of taking out a loan to buy new machinery or additional inventory for your business? Before you sign that loan document or credit application, consider the following questions. What’s the true cost of borrowing? The interest rate on your...

Rent Or Buy? It’s A Matter Of Perspective

The buy-or-lease question is a common dilemma, whether you’re asking as a homeowner, or for your business. For perspective, think of the big picture. In either case, you’re paying for the exclusive use of an item over a set period of time. With that as a...

Business Charitable Deductions Require a Little Tax Wisdom

  Aristotle famously lamented that giving away money is easy, but giving it away wisely is another matter. For business owners, smart giving begins with an understanding of a few tax rules. Your business form. The tax implications of giving to charity from your...

Regulations Clarify: Partners Cannot Be Employees

By Sally P. Schreiber, J.D. May 3, 2016 The IRS issued temporary regulations on Tuesday intended to halt the practice some partnerships have adopted of treating partners as employees of a disregarded entity owned by the partnership so they could be included in...

Navigate Business Changes Successfully

Change happens. That’s especially true in the business world, where changes may be mandated by tax or regulatory requirements, increased competition, shifts in customer needs, or technological advances. Whatever your reason for making a change in your business,...

Keep Your Business Safe With Internal Controls

Employee fraud can cost your business real money — perhaps more than you may realize. A 2016 study of occupational fraud published by the Association of Certified Fraud Examiners found that small businesses accounted for approximately 30% of fraud incidents, with a...