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
Year-End Tax Planning Tips for Small Businesses
You may still have time to significantly reduce this year’s business federal income tax bill even with all the uncertainty about proposed tax law changes. Here are five possible moves to consider — but stay tuned for developments. Congress is currently considering some tax changes. 1. Claim 100% First-Year Bonus Depreciation for Last-Minute Asset Additions Thanks […]
SERPs: Pros and Cons for Employers and Executives
If your company offers employees a qualified retirement plan, it’s probably a 401(k). But this popular option isn’t the only game in town. You may want to offer an additional retirement savings vehicle — such as a supplementary executive retirement plan (SERP) — to complement the 401(k)s of a select group of employees. Unlike 401(k)s, […]
Successful Strategies Create Successful Mergers
Acquiring another company and merging it with your business can be the most efficient way to grow. But many acquisitions don’t pay off and it’s often management issues — not market conditions — that get in the way. Here are ten key strategies that spell the difference between success and failure in mergers and acquisitions, no […]
Employees Working at Home? Rethink Your Space Needs
For some employees, working from home is a personally liberating experience that contributes to greater productivity. For others, not so much. By now, if you have had a significant number of employees doing their jobs from home, you may have enough experience to assess whether remote working arrangements are a net plus for your business. Or […]
Myths and Truths about Business Valuation
The business valuation profession has grown rapidly since 1980. Over the decades, it has developed from a rudimentary process into a highly sophisticated mix of art and science to determine the value of a business or business interest. However, many business owners and investors fail to understand the valuation process and its results. Here are […]
Can Your Business Survive and Even Thrive in These Trying Times?
The novel coronavirus (COVID-19) pandemic has caused difficulties for millions of businesses — from family-owned restaurants and niche manufacturers to multinational airlines and oil companies. As the economy slowly reopens across the country, old ways of doing things clearly won’t work for most business operations. But there’s a potential upside: Major economic disruptions may provide opportunities […]
Businesses: Think about Tomorrow When Hunkering Down Today
Until recently, the number one concern for many employers was finding and retaining top talent. Today, to fight the novel coronavirus (COVID-19), many of those same businesses are being forced to shed workers en masse. If you haven’t yet pared down your workforce or need to do some more trimming, what are your options? How […]
How to Manage COVID-19 Related Business Risks
The coronavirus ( COVID-19 ) outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face an uncertain and stressful future. Faced with faltering demand, anxious employees, health safety risks and a lack […]
New E-Filing Requirements for Tax-Exempt Organizations
Under a little-noticed provision buried deep in the Taxpayer First Act, tax-exempt organizations will be required to file certain information returns and related forms electronically. Background Information The Taxpayer First Act, signed by President Trump on July 1, 2019, requires the IRS to modernize operations and improve taxpayer protections. Accordingly, most of the provisions in the new […]
Expanding Retirement Plan Options for Small Businesses
A new final rule from the U.S. Department of Labor (DOL) clarifies some of the ins and outs of multiple employer plans (MEPs). These are defined contribution retirement plans — such as 401(k) plans — that are sponsored by an association or employer group on behalf of member employers. The idea behind multiple employer plans (MEPs) is […]
