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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.

6 Reasons Why It Makes Sense to Outsource Your Organization’s Accounting Function

Even as a CPA firm, we’re not above admitting that while the accounting function is incredibly important in any organization, it is often time consuming and gets in the way of more exciting revenue-generating business initiatives. If, as a business...
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Fraud in Focus: How Jonathan Schwartz Embezzled $7 Million

I recently read a letter published by former business manager, Jonathan Schwartz. “I am writing this open letter to you,” he said, “so that you can learn from my mistakes and never find yourself in the situation I am now in.” Schwartz recently pled...
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Room for Improvement: 3 Essential Areas Nonprofits Should Focus On

No matter how successful your nonprofit is, there is always room for improvement. Nonprofits are businesses, and as such, are expected to operate as efficiently as their private sector counterparts despite having less resources, staff and funds to get...
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5 Reasons Why Every Nonprofit Needs a Strategic Plan

Strategic planning is one of those activities most nonprofit leaders know is important, but don’t always make the time for. Let’s face it – with limited resources, you often have to decide whether to put out today’s fires or plan for the future. We’ve...
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3 Types of Construction Contracts: Their Pros and Cons for Owners and Contractors

A new building project is taking flight: design plans are finalized, a budget is approved, and an award-winning contractor is selected. It’s an exciting time in the construction process. While construction contracts are significantly less exciting than...
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From “Eh” to “Awesome!” – How to Become a Great Nonprofit Board Chair

Being the chair of a nonprofit board of directors comes with a laundry list of responsibilities. Not only are you responsible with overseeing the board as a whole, you’ve also got committees to keep track of, board members to keep focused and energized,...
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