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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.

What Are the Differences Between Nonprofit and For-profit Accounting?

Nonprofit organizations are similar to for-profit entities in many ways. Both generally have employees, insurance issues, marketing programs and the need for inflows of resources that exceed outflows in order to stay in operation.
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Why Every Construction Business Should Have a Facebook Page

There are plenty of reasons why contractors might not want to use social media to promote their business. Here are some of the objections we’ve heard from contractors.
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5 Reasons Why a Managed Services Agreement Makes Sense for Nonprofits

If your nonprofit is concerned about security, you’re not alone. According to Capterra, the top nonprofit security concerns are weak passwords, outdated software, past employees and insecure payment processors. Managing network health and security is a...
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7 Easy Ways to Make QuickBooks Work Better For Your Small Business

Being a business owner generally doesn’t come with an excitement for keeping the books. But QuickBooks can help owners comply with the required chore of keeping accounting records in good shape without costing an arm and a leg — or needing a full-time...
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What Maryland Businesses Need to Know About Mandatory Paid Sick Leave

A new law, dubbed “mandatory paid sick leave,” will have a substantial impact on many Maryland businesses, starting now.
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7 Tips for New Board Members from a Board Veteran

Everyone starts somewhere, even nonprofit board members. Serving on a board is not only gratifying, but it also gives you an opportunity to share and develop your expertise and skills to help an organization grow. As a board member, you will grow your...
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