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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.

Quick Guide: Maryland Student Loan Debt Relief Tax Credit

There's good news for Maryland residents who have incurred at least $20,000 in undergraduate and/or graduate student loan debt: you may be eligible for a Maryland tax credit.
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3 Budgeting Best Practices for Private Schools [+ Budget Template]

The budgeting process is arguably one of the most important tools for creating a road map to your private school’s success. Planning and monitoring your budget can help you identify wasteful expenditures, adapt to financial changes, and achieve your...
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7 Ways to Spice Up Your Nonprofit’s Board Meetings

You want board members who can contribute to your mission through their efforts, contacts or money. Stated simply, they need to have a passion for your mission. This ensures a level of interest that will help even if board members have different...
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FAR Overhead Rates and Audits for A/E Firms – FAQs

If your architecture or engineering firm is looking into working on state department of transportation awards or other federally funded contracts, you may have heard the term “overhead rate” or “indirect cost rate.” Calculating a rate for the first time...
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Does My Nonprofit Need D&O Insurance?

Hundreds of nonprofits face lawsuits every year, but many nonprofits assume they don’t need directors and officers (D&O) liability insurance. Unfortunately, if your nonprofit doesn’t have a D&O policy, your directors, staff and possibly even your...
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Beginner’s Guide: Tax Implications for Remote Employees

Remote employees can complicate taxes for businesses. In most cases, having a remote employee creates nexus or the obligation to file tax returns and pay taxes in the local jurisdiction and/or state that an employee works.
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