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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.

Tips for Managing Cash Flow In a Recession

In a recession, the most important thing a business can do is take control of its finances, especially when it comes to cash flow.
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Quick Guide: Membership Retention Rates for Associations

Membership retention is critical to a healthy association. Successful associations carefully monitor membership retention as one of their most crucial metrics. While you already know the importance of a high member retention rate, do you know how to...
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Exit Planning Would Have Saved This Family-Owned Business from Bankruptcy

Whether you want your company to continue growing after you retire or simply want to turn a profit on the sale of your business, every company owner needs an exit plan. As a CPA who has worked with business owners for decades, I’ve seen several companies...
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4 Critical Tax Consequences to Consider When Selling Your Business

The sale of a business is often the most significant financial event an owner faces during his or her lifetime. Many times, however, the owner begins negotiating the sale without understanding how critical tax aspects of the deal structure can have a...
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Jennifer Rock: Nonprofit CPA and Rock Star Volunteer Offers Advice

The spirit of volunteerism runs deep here at Gross Mendelsohn. Recently I sat down for a conversation with Jennifer Rock of our Nonprofit Group. Jenn is a nonprofit auditor and has been an absolute rock star volunteer for several local nonprofit...
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3 Ways Construction Contractors Can Prepare for Their First Audit

Maybe you have a new contract that requires an audit or maybe your bank requested audited financial statements. If you’re a construction contractor, a first-time audit can seem overwhelming and daunting. Because your work in process schedule is crucial...
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