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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.

Cost Segregation Studies Are a Powerful Tax Strategy for Real Estate Owners

If you own real estate, tax planning is crucial because it can help you reduce your tax liability, increase profitability and avoid unexpected tax bills. By understanding and applying tax strategies, real estate owners can make the most of deductions,...
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Your Government Contracting Business Has Outgrown QuickBooks. Now What?

As a government contracting business, you rely on your accounting system to be reliable, accurate and encompass all your accounting needs. For most government contracting businesses first starting out, QuickBooks is a simple and affordable accounting...
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Sunsetting Tax Provisions and Potential Impacts In Divorce Cases

The Tax Cut and Jobs Act (TCJA) of 2017 impacted all U.S. taxpayers due to drastic changes in the tax code. Some of these changes were permanent, while others expire (or “sunset”) after December 31, 2025. This means that unless Congress acts, several...
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What You Should Know About Forensic Accountants — And When You Need One

Since I’m just starting my career, I am often presented with the question, “What are you doing for work now?” When I explain that I am a forensic accountant, most respond with a comment related to their love for crime scene shows and forensic sciences. ...
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Key Considerations for Business Owners When Navigating Multi-State Tax Obligations

The dream of many business owners is to have multiple locations across the country. But, as businesses expand across state lines, managing various state taxes becomes increasingly complex. To ensure compliance while optimizing tax positions, multi-state...
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Key Highlights of the Uniform Guidance Update for Nonprofits Receiving Federal Funds

Nonprofits that receive federal funds need to comply with the stringent requirements associated with government funding.
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