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Gross Mendelsohn Blog

A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.

BOI Report Filing Deadline Coming Up — What Business Owners Need to Know

A court order temporarily stopped the enforcement of Business Ownership Information (BOI) reporting requirements for businesses. Read more here and watch for updates. As a result of the Corporate Transparency Act, many businesses are required to...
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Court Temporarily Halts BOI Reporting Requirements

A recent court order has temporarily stopped the enforcement of Business Ownership Information (BOI) reporting requirements for businesses. This order comes just weeks before businesses were required to comply with these rules by January 1, 2025, as part...
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4 Ways for Construction Contractors to Minimize Their Chance of an IRS Audit

Thanks to a variety of industry quirks, construction companies are especially vulnerable to IRS audits. However, by avoiding some common audit triggers you can keep Uncle Sam away. Here are four ways to minimize your risk of an IRS audit.
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Post-Election Tax Analysis: Expiring Tax Laws & Trump’s Tax Proposals

The more things change, the more they stay the same. In 2025, major provisions from the Tax Cuts and Jobs Act of 2017 (TCJA) are set to expire. These provisions are widespread and likely to affect you as a taxpayer. With the Trump administration...
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Cost Segregation Studies Are a Powerful Tax Strategy for Real Estate Owners

If you own real estate, tax planning is crucial because it can help you reduce your tax liability, increase profitability and avoid unexpected tax bills. By understanding and applying tax strategies, real estate owners can make the most of deductions,...
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Your Government Contracting Business Has Outgrown QuickBooks. Now What?

As a government contracting business, you rely on your accounting system to be reliable, accurate and encompass all your accounting needs. For most government contracting businesses first starting out, QuickBooks is a simple and affordable accounting...
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