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Recent Articles & Alerts

Alert: IRS Removes Regulations on Advance Payments for Goods and Long-Term Contracts

On July 15, 2019, the IRS issued final regulations to remove existing regulations regarding advance payments for goods and long-term contracts. These final regulations apply for taxable years ending on or after July 15, 2019 and affect accrual method taxpayers who receive advance payments for goods, including those that may be inventoried.
 

Alert: The Minority and Women Owned Business Enterprise Program Extended!

On June 16, Governor Cuomo reauthorized the Minority and Women Owned Business Enterprises (MWBE) program, due to expire at the end of 2019, for five more years. The reauthorization of the law includes enhancements that will enable even more MWBEs to participate in and benefit from the program.     

Alert: The U.S. Supreme Court Ruled Today that States Cannot Tax Nonresident Trust Payments

Great news for Trusts and Trustees! The Supreme Court in North Carolina ruled today that the state violated the due process clause by taxing an out-of-state trust whose beneficiary was a NC resident— making that the only connection between the state and the trust.
 

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Recent Events

Event: Why Commercial Solar Now?

Jeff Cohen, Tax Partner, will be a panelist at this upcoming and informative panel discussion about all the ins and outs of solar and why you need to get on board now! 

EVENT: Inaugural Safety Construction Forum

Grassi's Carl Oliveri, Partner, Construction Practice Leader, will be a panelist at the Commercial Observer Inaugural Safety Construction Forum.

EVENT: 8th Annual White Collar Crime Institute

Grassi & Co. will be sponsoring this annual event on Wednesday, May 15th! Register today!

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Recent Press Releases

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.

Michael Leigh Joins Grassi & Co. to Lead Cyber and Information Security Practice (CIS)

Grassi & Co. is proud to announce that the Firm has added Michael Leigh, a nationally-recognized Cyber & Information Security expert, to lead the Firm’s Practice.

Chris Fifis Joins Grassi & Co. as Director of Business Development

Park Ridge, NJ — Leading accounting, tax and advisory firm, Grassi & Co., is proud to announce that Chris Fifis will be joining the firm as Director of Business Development.
 

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