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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.

Poor Internal Controls Could Debar Your AEC Firm from Government Contracting

You don’t want to be a statistic or one of those “Poor Bob” stories featuring the demise of your company because you were removed from government contracting opportunities.
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Is a Cash Balance Retirement Plan Right for You and Your Business?

A cash balance retirement plan is more expensive to set up and administer, but the tax benefits might make it worthwhile.
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Tips for Retaining Good Employees In Your Construction Business

With the lowest labor participation rate in 30 years you would think finding and keeping good employees would not be a big issue for construction companies. But that’s not the case. The struggle to find and retain employees is a real one. This topic...
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Three Tough Questions Manufacturing Company Owners Must Ask to Improve Profitability

Manufacturing companies around the globe are faced with many hurdles in their quest to be more profitable. To keep improved profitably in sight, business owners must make tough choices on issues such as automation, vendor relationships and software...
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DOL’s Fines for Deficient Employee Benefit Plan Audits are Fast, Furious and Frightening

A recent report released by the Department of Labor (DOL) shows their high level of concern about the audit quality of employee benefit plans. The report’s findings should raise concern for participants, plan sponsors and trustees as well.
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Program-Related and Mission-Related Investments for Private Foundations

Even though a private foundation is required to make annual distributions (usually 5% of its net asset base) in support of its mission, the vast majority of its assets must remain invested and is not otherwise available to provide support for its causes.
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