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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.

FinCEN Scraps Beneficial Ownership Information Filing Requirement for Domestic Companies

The Financial Crimes Enforcement Network announced that entities created in the U.S. and their beneficial owners are now exempt from the requirement to report Beneficial Ownership Information (BOI) to FinCEN, alleviating a regulatory burden many business...
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Double Dipping In Divorce: Considerations for Family Law Attorneys

As a family law attorney, you’ve likely encountered the contentious concept of “double dipping” during divorce proceedings. Double dipping occurs when the same income stream is counted twice — first as an asset to be divided during equitable...
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Do You Need an Audit, Review or Compilation?

When it comes to financial reporting, nonprofits and for-profit businesses often face a range of requirements and expectations depending on their size, activities and the specific regulations they are subject to. When running a nonprofit or business,...
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A Certified Fraud Examiner's Take On DOGE

They say there are three topics to avoid in a business setting: religion, personal issues and politics. I am going to preface this article with a large disclaimer. The intent of this article is not to discuss the validity of the Department of Government...
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How Changing Government Policies Impact Business Valuations: What Attorneys Need to Know

With a new presidential administration in place, we’re already seeing significant shifts in policy. Whether related to tax law, economic trends or industry regulations, these changes will likely impact business valuations — including those of...
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The Pros & Cons of Using Cryptocurrency In Your Manufacturing Business

As cryptocurrency adoption continues to grow, many manufacturing business owners and CFOs are considering whether digital currencies have a place in their operations. From potential cost savings and faster transactions to regulatory uncertainty and...
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