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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.

New Virginia Law Affects Taxation of Pass-Through Entities

Virginia’s Department of Taxation issued guidance on thePTE legislation in early 2024. Read more here. A new Virginia law allows the owners of a pass-through entity (PTE) to shift their income tax burden generated from the PTE away from them personally...
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New Rules for Treatment of R&D Costs Could Impact Technology Companies

Certain provisions of the Tax Cuts and Jobs Act (TCJA) could have a significant impact on technology companies in 2022. Here’s what technology companies need to know about an amendment to Section 174 of the tax code that can affect taxable net income.
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Provider Relief Fund Reporting Requirements for Healthcare Providers

Healthcare providers who received funding from the Provider Relief Fund must report the use of funds to the Health Resources & Services Administration according to a specific reporting schedule. Here’s what healthcare providers need to know.
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Digital Assets and Equitable Distribution: A Guide for Family Law Attorneys

In dissolution of marriage cases, the valuation of marital property is necessary to ensure fair equitable distribution. But before values can be placed on marital property, the property first needs to be identified. As family law attorneys know, that...
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Estate Planning Lessons From a Rock Star

When rock star Prince died on April 21, 2016, he didn’t have a will in place. This rather shocking scenario resulted in one of the most complicated probate hearings ever seen in Minnesota, Prince’s home state. Business owners and high net worth families...
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Maryland Unemployment Insurance Tax Rate Changes Explained [2022]

If your Maryland business is subject to unemployment insurance taxes, be aware of potential changes to your tax rate for the 2022 calendar year.
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