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

Refinancing? Understand the Tax Issues

Aug 10, 2015 | Taxes

Are you thinking of refinancing your home mortgage? Keep the tax rules in mind. Track “points.” A point is a fee equal to one percent of the loan amount. While you can fully deduct the points you pay when you buy your home, points paid on a refinancing are generally...

Know the Tax Rules for Summer Travel

Jul 13, 2015 | Business, Taxes

Are you traveling for business this summer? If you’re planning to take a tax deduction for your expenses, the rules may be more complicated than you think. Here’s a refresher. The general rule. “Travel” expenses are ordinary and necessary costs incurred while away...

Get a Tax Credit for Dependent Care Expenses

Jul 6, 2015 | Taxes

Did you know that federal tax law allows you to claim a credit when you pay someone to care for your kids while you’re at work? The child and dependent care credit is valuable because it reduces the amount of tax you owe dollar for dollar. Here’s an overview of the...

Identity Theft: What to Do If It Happens to You

Jun 29, 2015 | Finances, Taxes

Tax identity theft once again topped the IRS list of tax scams for 2015. Here’s what you need to know if it happens to you. The warning signs. Have you gotten a tax bill you weren’t expecting based on income you never received? Has your return been rejected or your...

Save Taxes with Summertime Planning

Jun 22, 2015 | Finances, Taxes

Looking to reduce your 2015 income taxes? Consider these summertime strategies. Take a credit for summer day care. If you have one or more children under age 13, your costs of in-home childcare, a day care facility, or sending the kids to day camp may qualify for the...