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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.

Best Practices for Government Contracting Time Reporting and Time Keeping

A few missed policies here, a lack of training there, a few insufficient time entry explanations later, and it’s simple to get an overhead rate that’s going to hurt your pocketbook when you do business with the federal or state government. One of the...
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4 Steps to Better Inventory Management for Manufacturers and Distributors

For many manufacturers and wholesale distributors, inventory is one of the company’s largest and most valuable assets. But it can also be one of the most costly for manufacturing and distribution and companies.
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4 Powerful Ways Forensic Accountants Help Divorce Attorneys Delight Their Clients

In any divorce, bright spots are always welcome. If you can find income that wasn’t previously reported by a spouse or help determine whether or not certain assets should be part of a settlement, you give your clients a big reason to smile. Or at least...
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How to Choose an Employee Benefit Plan Auditor

In a letter to administrators of “large” employee benefit plans — plans with more than 100 participants — the U.S. Department of Labor reported high levels of concern about the audit quality of employee benefit plans as well as the CPAs who perform them.
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6 Questions to Ask a Forensic Accountant About a Business-Owning Spouse

In my many years of practice as an expert specializing in matrimonial disputes, there’s little I haven’t seen in the way of business-owning spouses trying to hide assets. From the creative and clever to the downright fraudulent, I suspect that these...
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Guidance for Divorce Attorneys: How Business-Owning Spouses May Manipulate Income

In an ideal world, parting couples are honest and transparent during divorce litigation. In the real world, there’s always a chance that someone isn’t being truthful. If one spouse has a business, the opportunities to hide or manipulate income increase...
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