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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.

Reduce Exposure to the 3.8% Net Investment Income Tax by Grouping Business Activities

The Net Investment Income (NII) Tax — part of the Health Care and Education Reconciliation Act of 2010 — continues to affect millions of Americans come tax time.
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Businesses Must Act by December 31 to Take Advantage of Tax Deduction

Beginning January 2014, businesses with fixed assets must comply with the new “repair regulations" issued by the Treasury and the Internal Revenue Service in September 2013.
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Change Order Best Practices for Construction Contractors

Implementing a disciplined and effective change order process can help construction contractors improve profitability and safeguard their reputations. But first, it’s essential that you understand and apply certain pricing principles.
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What Are the Best Ways for a Nonprofit or Foundation to Get Endowment Funds?

Many nonprofit organizations, private schools and foundations have endowments in place to secure a steady income stream for the long term.
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Manufacturers, What Every ERP Software Partner Wants You to Think About

Looking for a new ERP (enterprise resource planning) system for your manufacturing business? Most likely, you’ll enlist the help of a software partner to plan for, implement and customize your new system.
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IRS Issues Final Regulations (T.D. 9636) on Expenses Related to Tangible Property

If you’ve struggled with determining whether you must capitalize costs incurred in acquiring, maintaining, or improving tangible property under Internal Revenue Code Sections 162(a) and 263(a), you’re not alone.
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