How Divorce Attorneys Can Leverage a Financial Advisor | Free Webinar
Register Now

Gross Mendelsohn Blog

A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.

Accounting for Computer Software Costs

Computer software drives the world. Businesses use software to account for transactions, communicate with colleagues and customers, and design and manufacture new products. One thing is clear: without software, we’d be lost. Accounting for the costs...
Read The Full Blog
Filter Blog Posts By Topic

The Nonprofit “Parking Tax” Was Repealed

On December 20, 2019, the “parking tax” for nonprofits was repealed. The parking tax, otherwise known as the taxation of transportation fringe benefits by nonprofit employers under Section 512(a)(7), was first brought into law with the passing of the Tax...
Read The Full Blog

How Taxpayers Will Be Impacted By Recent Tax Law Extenders

With the holidays over, tax-minded individuals are now focused on gathering their paperwork to file 2019 returns and project what their tax situation will look like in 2020.
Read The Full Blog

Liquidity Disclosures: What Nonprofits Need to Know

Nonprofits are required to include a liquidity disclosure in their financial statements. This liquidity disclosure overviews qualitative and quantitative information about how the nonprofit manages its liquid resources. This information can make it...
Read The Full Blog

Exposure to Personal Liability of Business Owners and Employees Increases Thanks to Wayfair Court Decision

The Supreme Court’s decision in South Dakota vs. Wayfair continues to have a ripple effect for businesses with interstate sales. With the Wayfair decision adding potentially significant sales tax exposure to some businesses, there is also the potential...
Read The Full Blog

Economic Presence vs Physical Presence: Sales Tax Considerations After Wayfair

In June 2018, the United States Supreme Court issued their ruling in the case of South Dakota vs. Wayfair, which cleared the way for states to collect sales tax from businesses that do not have a “physical presence” in the state, but do have an “economic...
Read The Full Blog
28 29 30 31 32

Get The Latest Business, Tax And Financial Insights.