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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.

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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Salary Increases Alone Might Not Be Enough to Retain Construction Company Employees

As part of a recent Maryland construction industry survey, we investigated the top reasons construction company employees leave, the top benefits contractors are offering and the role performance reviews play in how firms manage their human resources.
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Two Fraudsters. One Billing Scheme. $1.4 Million Dollars.

Despite what many business owners would like to believe, instances of fraud often crop up when we least expect. Even the best of us can miss the signs of a fraudster in our midst, and as the size of a company increases, so do number of places a fraudster...
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How Does Your Skilled Nursing Facility’s Bad Debt Expense as a Percentage of Revenue Measure Up?

One of the most common questions we get from our skilled nursing facility clients is, “How does my facility’s bad debt expense as a percentage of revenue compare to industry averages?”
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How Long Term Care Facilities Can Better Manage Receivables and Collections

Collection of receivables is one of the toughest financial challenges that a long term care facility faces. Delinquent receivables can create short-term and long-term cash flow issues — and the financial viability of your facility.
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Things to Consider Before Moving to a Low- or No-Tax State

Year-round sunshine and warmth aren’t the only reasons people in high-tax states like Maryland and DC relocate to places like Florida. For many, tax savings considerations play a major role in their decision to relocate to a new state. High income...
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