Mary Gregory
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Mary Gregory is a Partner with the accounting firm of Weil, Akman, Baylin & Coleman, P.A. in Timonium, Maryland. She is a CPA with concentrations in business and taxation. She was a partner in Jones Hall Advisors until merging her firm in 2013. She is a founding member of the Christian Professional Network.
Mary Gregory's Latest Posts
Navigating the New Qualified Business Income Deduction
The tax reform legislation that Congress signed into law on December 22, 2017 was the largest change to the tax system in over 3 decades. The new tax code contains many provisions that will affect individual, estate, and corporate taxpayers. One of those changes includes the Qualified Business Income Deduction, a new tax benefit allowing […]
Reverse Mentoring: Moving Seasoned, Younger Workers into High Gear
Reverse-mentoring isn’t a new concept, nor is it widespread, though many companies could benefit from such a program. Pioneered at General Electric some two decades ago, the basic concept is that younger employees have a lot to teach older ones about work-related matters. In some corners of the business world, the idea is broadened to […]
Surviving an Earnout Provision in a Business Sale
If you are selling a business, the buyer may want to pay part of the price through an earnout provision. This is a contractual arrangement in which the seller receives additional payment in the future if certain financial goals are met. In other words, part of the price is contingent on the performance of the […]
Ten Tax Planning Tips to Consider Now for End of Year Planning
Here are 10 tax planning tips to consider that might help reduce your federal income tax bill: Contribute the maximum amount to your 401(k) plan. Up to applicable limits, your contributions are subtracted from your gross pay, so you don’t pay current income taxes on the contributions (although you still pay Social Security and Medicare taxes). […]
What is the Value of My Business?
What is the value of my business? That’s the question every business owner wonders from time to time. But the correct answer varies depending on the purpose of the appraisal. Different rules and “standards of value” may apply in different circumstances. In the United States, the most widely recognized and accepted standard of value is […]
Employer Penalty Alert For Reimbursing Employee Health Coverage
The Affordable Care Act (ACA) established a number of so-called “market reform” restrictions on employer-provided group health plans, starting with plan years beginning in 2014. These restrictions generally apply to all employer-provided group health plans — including those furnished by small employers with less than 50 workers. Even worse, there’s a punitive penalty for running […]
Profit Audits Can Revive the Bottom Line
Don’t assume you have to expand your company to increase profits. Extra cash is probably sitting right under your nose. A thorough profit audit can uncover those dollars in every department of your company. Here are five ideas to get you started: If you’re interested in borrowing money, it’s important to show your banker a […]
Charitable Giving: the Barometer of a Growing Economy
Charitable giving is growing at a healthy pace, a sign that Americans are a little more confident about the economy and their own finances. Individuals, corporations and foundations donated $316.2 billion to charitable causes in 2012, a 3.5 percent increase over 2011, according to the annual Giving USA study, which is conducted by the Giving […]
Valuation is Key as the M&A Market Slowly Heats Up
After a lackluster 2012, domestic Merger and Acquisition activity is on the rise. Small business deal volume was up 62 percent in the second quarter of 2013 compared to the same period for 2012, according to the latest BizBuySell.com Insight Report, which analyzes private business broker transactions in more than 70 major U.S. markets. This […]
