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!

Client Portal

Regulations Clarify: Partners Cannot Be Employees

Oct 1, 2016 | Business

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

Sep 14, 2016 | Business

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

Aug 25, 2016 | Business

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...

Close Is Not Good Enough With New Reporting Rules

Aug 3, 2016 | Business, Taxes

  The old adage “close only counts in horseshoes” is an accurate reflection of the new IRS information reporting rules. Beginning with 2016 returns, due dates for Forms W-2 and certain Forms 1099 have been moved up, and the penalties for late or...

How To Pay Yourself As A Business Owner

Jul 27, 2016 | Business, Finances, Taxes

  Are you a new business owner? You may be wondering how to pay yourself from your business. The answer depends on the way your business is set up. Here are common methods for making payments to business owners. Corporations. If you own a traditional C...