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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.

Qualified Business Income Deduction: A Primer On the New Section 199A

There’s a provision in the new tax law that allows owners of sole proprietorships, S corporations and partnerships to deduct up to 20% of income earned by the business. It’s known as the Qualified Business Income (QBI) deduction, or more formally,...
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SAM.gov Login and Registration Changes for Federal Government Contractors and Grant Recipients

Government contractors along with grant recipients and managers who use the System for Award Management, more commonly known as SAM.gov, are seeing changes to the free database’s login and registration process.
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The #1 Reason Why Your Construction Company Should Own (vs. Lease) Its Building

One of the most common questions we get from construction business owners is, “Should I own or lease my building”? The answer, which we will get to in a moment, might be simpler than you think.
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Tax Changes for Nonprofits Under the Tax Cuts and Jobs Act

When the Tax Cuts and Jobs Act (TCJA) was passed in late 2017, nonprofits across the country had one big question — how does this affect us as an organization? Here is a quick overview of the four key changes that nonprofits should look out for under the...
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States Can Now Collect Sales Tax from Online Retailers, Thanks to U.S. Supreme Court Ruling

On June 21, 2018, the United States Supreme Court passed a landmark ruling that will permit individual states to collect sales tax from online retailers.
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Panel Discussion About Overcoming Obstacles Wows Our Staff

Members of our team listened with rapt attention as four of Maryland’s finest business leaders spoke about their paths to career success during a recent panel discussion on women’s leadership here at Gross Mendelsohn.
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