William Hughes

William P. Hughes, CPA


  • Park Ridge
  • (201) 808-9802

William P. Hughes, CPA, is a Partner at Grassi & Co.’s New Jersey office and brings over 30 years of accounting experience to the firm. William provides his clients with expertise in accounting and tax services, business and management consulting services, and individual tax planning services. William also has experience assisting clients with financial reporting, preparing financial statements, auditing, reviews and compilations. William works with clients primarily within the construction industry as well as the manufacturing & distribution, real estate and printing industries.

William plays a key role in growing the construction practice at Grassi & Co. His broad industry experience allows him to provide insight to construction clients on key marketplace trends. William also provides consulting services regarding the implementation of new computer systems and software solutions to clients. In addition to his role as Partner, William helps educate staff members by developing in-house courses in construction accounting and financial reporting.

What a Contractor Should Know About the Gross Receipts Test

One of the positives that came out of The Tax Cuts and Job Act is the change in the small contractor’s exemption of Average Annual Gross Receipts (AAGR) test from $10,000,000 to $25,000,000. 

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Your Company Has a Retirement Plan – Are You Meeting Your Fiduciary Responsibilities?

While you offer your employees defined contribution, defined benefit, health and welfare, or profit sharing plans, it is important to know that offering these plans also comes with responsibilities and risks for the sponsoring company and the trustees of the plans.  

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Great News for NJ Construction? Maybe.

The New Jersey construction community received a New Year’s gift at the end of December: an announcement from the Murphy administration adding over $400 million in new projects currently under design, as well as accelerating its first quarter 2019 construction program, giving much promise to 2019!  

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    BBA, Siena College


    American Institute of Certified Public Accountants (AICPA)

    New York State Society of Certified Public Accountants (NYSSCPA), Construction Committee Chair (2013-2015)

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