Grassi Advisors & E-Alerts

This section is dedicated to general accounting as well as industry-specific topics and interests. Each of the following Grassi Advisor Newsletters and topical alerts are a result of our professionals’ technical expertise and extensive participation in the industries in which our clients operate

Maximizing Your ERP Investment

In the world of Manufacturing and Distribution, many CEO’s and CFO’s are convinced they are simply too busy managing daily business operations and finance to find the time to critically review their company’s day-to-day ERP system processes. While it’s a fact they are busy, there also tends to be...

Take Advantage of 2017

For those businesses who have struggled through a long period of slow economic growth and modest profitability, the current President and his administration’s proposed tax changes likely altered the mindset of most business owners who are hoping that now they may finally be able to make some money and,...

Top Five Issues When Valuing a Business in Divorce

Divorce is a big issue in today’s ever changing economy.  According to the national center for health statistics, as of 2014 in the United States there were 2,140,270 marriages, however, on average 50% of marriages end in divorce.  Divorces can typically be complicated, but even more so when a...

Tax Code Section 2704

Section 2704 was enacted in 1990 as part of Chapter 14 with the aim of limiting discounts for certain family partnerships or limited liability company interests that are transferred to family members and to prevent strategies that were being used to artificially lower estate and gift tax liability. Under...

E-Alert: IRS has issued Notice 2017-15

The IRS has issued Notice 2017-15 which provides relief for estate or gift tax transfers to same-sex spouses. The Supreme Court had declared DOMA (Defense of Marriage Act) unconstitutional on June 26, 2013 (U.S. vs Windsor). Revenue Ruling 2013-17 allowed taxpayers in same sex marriages, recognized under state law,...

Maximizing Your ERP Investment

In the world of Architecture and Engineering, many CEO’s and CFO’s are convinced they are simply too busy managing daily business operations and finance to find the time to critically review their firm’s day-to-day ERP system processes. While it’s a fact they are busy, there also tends to be...