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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.

Nonprofits, Volunteer Recruitment and Retention Doesn’t Have to Be Rocket Science

No matter what your nonprofit’s volunteer base looks like, enhancing a volunteer’s experience will benefit your organization and maximize volunteer turnout at future events.
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5 Things Private School Board Members Should Know About Financial Statements

You’ve just joined the board of directors of a private school. Or perhaps you’ve been on your school’s board for some time, but want to learn more about your role in the financial oversight of the school.
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Tax Deductions for Car and Truck Expenses Require Careful Documentation

When it comes to vehicle expense tax deductions (and costs related to other “listed” property), as well as travel and entertainment expenses, the law is clear and strict on required documentation. You don't want to lose tax deductions because of...
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High Income Earners Can Use After Tax Contributions to a 401(k) Plan to Get Money Into Roth IRA

Did you know you can make after-tax contributions to your 401(k) retirement plan? Not many people do.
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8 Must-Know Accounting & Financial Reporting Issues for Private Schools

More so than other nonprofits, private schools are often operated like a for-profit entity given the competition, increased costs and scrutiny that schools face.
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Best Practices in Managing a Nonprofit Endowment Fund

I had the opportunity to lead a roundtable discussion, “Responsibilities In Managing a Nonprofit Endowment,” at Maryland Nonprofits’ annual conference. Attendees, who were board members and staff of nonprofit organizations, were looking for insight into...
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