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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.

Who Are the Latest IRS Targets? A List of 23 Audit Triggers

Many taxpayers ask, "How can I avoid an IRS audit?" There’s no 100% guarantee you won’t be picked, because some tax returns are chosen randomly. However, completing your returns in a timely and accurate fashion with your trusted tax advisor certainly...
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What You Should Know When You Need a Business Valuation

The demand for business valuations is growing, in large part due to aging Baby Boomers planning for retirement and gifting their business interests, selling outright or passing away. Other owners are looking to sell out due to economic conditions...
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Recruiting New Board Members: 7 Traits Nonprofits Should Look For

Having a strong governance structure will help your organization remain focused on the overall vision and goals that the nonprofit’s founders originally had in mind when starting their cause.
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6 Characteristics of Profitable Construction Companies

Owners of successful construction businesses know they have to stay laser-focused on every tactic to boost profitability. Following are several characteristics of the most profitable construction businesses.
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Reducing Transfer Taxes: Could You Benefit From an FLP?

With so many recent changes in the tax laws, it’s more important than ever to look for tax planning strategies that can help reduce future tax liabilities of higher-income taxpayers.
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How Can Construction Contractors Improve Profitability?

There are two primary reasons why construction contractors fail to achieve their desired profit margin after winning a contract:
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