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

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...

Video: Organizing Your Data To Save Time, Cost And Tax Dollars

Jun 29, 2016 | Taxes

Misty Aschenbach, CPA, presents at the Fostering Entrepreneurial Business Education Networking Group (FEBE). FEBE was launched by a partnership of innovation Organizations at Lorain County Community College to help entrepreneurs of Northeast Ohio expand their...

Real Estate Matters: Know The Tax Rules

May 6, 2016 | Taxes

Taxes are an important part of the decision to own real estate. Here’s a brief overview of tax benefits you can realize while you own real property, as well as when you sell or otherwise dispose of the property. Current expenses. As a rental property owner, you...

Tax News – 2016 Changes To Note

Mar 21, 2016 | Taxes

  Effective beginning with 2016 taxable years, the de minimis tangible property safe harbor has increased to $2,500 per invoice or item. The change affects regulations issued in 2013 that clarified when your business could expense tangible real and personal...

Look Into The Tax Breaks For Supporting Adult Relatives

Mar 14, 2016 | Taxes

If you helped support your parents or other adult relatives in 2015, tax breaks are available that could lower your taxes. You may be able to claim your relative as a dependent, deduct extra medical expenses, or use a more beneficial tax bracket. Claiming a relative...

These 2015 Tax Laws Can Affect Your 2016 Planning

Feb 15, 2016 | Taxes

  The late-year 2015 tax extenders law grabbed headlines, but two other federal laws enacted in 2015 may also have an impact on your tax planning. Here’s an overview of selected provisions of the Bipartisan Budget Act and the Fixing America’s Surface...