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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.

Maryland Skilled Nursing Facility Outlook Survey Reveals Top Three Concerns Among Administrators

We recently polled owners, administrators and chief financial offers of skilled nursing facilities (SNF) in Maryland to learn more about their top concerns. The results of the survey confirmed what our clients in the industry have been telling us. Let's...
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Nonprofits, 3 Reasons Why Nothing Is More Expensive than a Cheap Audit

I’ve heard it more than once at the conclusion of a nonprofit organization’s RFP process: “We really liked your CPA firm, but ... we went with another firm whose audit services cost less.” Hhmm, sounds good for the nonprofit’s pocketbook, right? Well,...
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3 Tax Planning Strategies that Cost You Little But Provide Immediate Tax Savings

With so many of my high net worth clients being philanthropically inclined, there’s nothing I like better than a good tax savings strategy that ties into their charitable activities. Typically, charitable contributions will result in a reduction of your...
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Construction Companies: Don’t Let Good Talent Walk Out the Door

If the projects come in this year, will you have the right people to get them done? Or will another contractor sweep up your most valuable employees?
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Breaking Up Is Hard to Do, But for Private Foundations It Just Got Less Costly

Private foundations are often launched by high net worth families who are philanthropically inclined. In addition to giving families the opportunity to support the causes they care about, charitable giving provides powerful tax and estate planning...
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7 Signs It’s Time for a New Strategic Plan for Your Nonprofit

When it comes to nonprofits, strategic planning is often one of the biggest things sitting on an organization’s back burner. It usually goes something like this: you know the benefits of strategic planning, but you also have a million other things that...
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