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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.

Layoff or Furlough: What’s Right for Your Business?

If you are considering ways to manage your workforce to protect the financial viability of your organization, you’re faced with some tough decisions ahead. It’s important to know what your options are, and how each option affects your business and...
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How to Prevent Fraud at Your Small Business

When a small business has an issue with fraud, it’s usually for one key reason: a lack of internal controls. Internal controls are “checks” a business has in place to deter fraud.
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How to Leverage a Financial Advisor During or After a Divorce

The story is a common one: the divorce settlement has been finalized. The couple parts ways, with both parties walking away with certain assets. Inevitably, only one of the parties has likely maintained a relationship with their financial advisor. Often,...
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How to Claim a Home Office Deduction

With the rise in remote work, many people who would traditionally commute to an office or jobsite every day are now working from home. There may be tax benefits for individuals who find themselves setting up shop at home for the foreseeable future....
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Valuation of Business for Estate Planning

An interest in a closely-held business can often be one of the most significant assets in an individual’s estate. As such, there are many planning opportunities that exist when creating an estate plan for a business owner. A timely valuation prepared by...
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Phantom Income: Pass-Through Entity Income Used for Support In Divorce Cases

Calculating income for support purposes, whether it be child support or alimony, can be complicated. For owners of pass-through entities (“PTEs”), it can be especially difficult.
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