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Recent Articles & Alerts

IRS Issues Final Regulations on Increased Estate Tax Exemption

The IRS has issued final regulations that protect gifts made under the TCJA's increased estate tax exemption from being “clawed back” into a taxpayer’s estate after the provision expires.

Qualified Opportunity Zones: A Family Office Perspective

Principal Shashi Singal outlines the unique advantages, strategies and risks that a family office should keep in mind when considering an investment in a Qualified Opportunity Fund.

Understanding the New Meal and Entertainment Expense Deduction

The M&E expense deduction changed dramatically with the passage of the Tax Cuts and Jobs Act. Here's what you need to know about what meals and entertainment are still deductible and how your expenses can qualify.

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Recent Events

Revenue Recognition Refresher

Preparing Construction Companies for Imminent Implementation of ASU 606

The new Revenue Recognition standard begins to take effect for nonpublic entities in the calendar year ending December 31, 2019. This means that private construction companies now have mere weeks to prepare for compliance.

Real Estate/Construction Contractors Conference: Planning for Uncertainty

Grassi Construction professionals will be presenting at the 2019 Real Estate/Construction Contractors Conference, hosted by the NYSSCPA's Foundation for Accounting Education.

Metropolitan Air Conditioning Contractors of New York (MACC) Membership Meeting

William Fischer, Partner, will be discussing both the changes in Revenue Recognition and the latest Cybersecurity challenges at the Metropolitan Air Conditioning Contractors of New York (MACC) November Membership Meeting on Thursday, November 7.

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Recent Press Releases

Grassi & Co. Honored for Best Practices in New Jersey

Park Ridge, N.J. – Sept. 27, 2019 – Grassi & Co., a leading provider of tax, accounting and advisory services to businesses across the tri-state area, has been recognized by the Commerce and Industry Association of New Jersey (CIANJ) for its innovative approach to solving challenges for businesses in the state. The firm was a recipient of the 2019 Best Practices Award, sponsored by CIANJ and its flagship publication, COMMERCE Magazine.

Grassi & Co.’s 2019 Construction Industry Survey—The Results Are In

Industry survey highlights contractors remain optimistic despite facing significant challenges relating to regulations, labor conditions, environment, safety compliance, technology, cybersecurity and insurance.

Grassi & Co. Introduces Grant Compliance Services to the Nonprofit Sector, Led by Elizabeth Gousse Ballotte

Due to a shift in the need for compliance for private foundations and other funders, Grassi & Co. is proud to announce that the Firm has added a Grant Compliance Services team to their NFP Practice.

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