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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.

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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6 Bad Reasons for Not Having a Strategic Plan for Your Nonprofit

Having helped many nonprofits with strategic planning over the years, I’ve heard the gauntlet of excuses as to why organizations don’t have a strategic plan. Ranging from objections based on size, perceived need and even the occasional “been there, done...
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IRS Finalizes Rules for Program-Related Investments

The IRS just released final regulations that provide guidance to private foundations and foundation managers on program-related investments, also known as PRIs. This is good news for private foundations since many have been reluctant to take advantage of...
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Payroll Schemes: Is a Ghost Employee Haunting Your Nonprofit?

When it comes to taking more than they’ve earned, payroll schemes are a common avenue for fraudsters looking to cash in. Characterized as the disbursement of funds to employees rather than external parties, this fraud continues to cause headaches for...
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Fraudsters Love Lax Expense Reimbursement Policies

When it comes to fraud, the easiest path is the road most traveled, and in the nonprofit sector, expense reimbursement schemes are often the easiest avenue to navigate. Ranging from fraud amounts of a few dollars to thousands of dollars, fraudsters may...
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Top 3 Federal and State Real Estate Tax Credits

Real estate is an important part of any comprehensive financial portfolio, but when it comes to utilizing tax credits, many property owners continue to lose out. Despite the benefits, finding and applying applicable tax credits can be difficult and...
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