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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.

How to Select a Business Valuation Expert: A Guide for Attorneys

Figuring out how to select a business valuation expert can be tough. A quick Google search yields hundreds of so-called valuation experts, but how do you whittle down the list? The good news is there are specific qualifications and certifications...
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How to Improve Nonprofit Board Governance

When the IRS revised Form 990 to include several questions regarding governance policies and board members’ roles in performing fiduciary activities, board governance became a hot topic.
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Responsibilities of a Nonprofit Audit Committee

Do you know what you’re signing up for if someone asks you to be on the audit committee of a nonprofit organization?
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Which Valuation Method Should be Used for a Valuing Business for Gift and Estate Tax Purposes?

In the recent Tax Court opinion in Estate of Aaron U. Jones v. Commissioner of Internal Revenue (T.C. Memo 2019-101), the court came to some surprising opinions that benefit taxpayers valuing businesses for gift and estate tax purposes.
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How to Make Your Private School’s Next Audit Stress-Free

We recently polled private school heads and financial staff to find out whether their last audit was “stress-free.” Not surprisingly, nearly half of respondents answered “no.” While it’s easy to look at your school’s annual audit as a necessary evil, not...
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Are Your Payroll Taxes Actually Getting Paid?

Business owners and financial executives now have one more thing to keep track of – making sure payroll taxes are actually getting paid to tax authorities. With so many businesses relying on outside parties to process paychecks and pay employment taxes,...
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