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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.

Nonprofit Investment Policies: Nine Steps to Designing a Sound Policy

Nonprofits need to develop formal investment policies that reflect their intentions and support their organizations as they move forward. And it’s the board of directors’ responsibility to develop and execute these policies, and hire and oversee the...
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Employee vs. Independent Contractor: Nonprofits, Listen Up

The IRS has publicly stated it plans to crack down on organizations that improperly classify workers as independent contractors instead of employees. Are you confident your employee classifications would stand up to IRS scrutiny?
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Sales Tax Not So Straightforward for Construction Contractors

Construction contractors doing work in more than one state have the unfortunate responsibility of understanding and complying with complex sales tax laws. To make matters worse, statutes vary from state to state.
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The Forgotten Deduction: Section 199 Domestic Production Activities

Every manufacturing business, no matter the size, should consider Internal Revenue Code Section 199, more popularly known as the “domestic production deduction,” as a potential tax break.
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The Face of Fraud in Nonprofits

Most everyone likes to think of their employees as being honest and incapable of fraud or other wrongdoings. Unfortunately, that’s not always the case. Consider the following example inspired by a real-life event in a nonprofit organization.
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Five Things Nonprofit Board Members Should Expect Out Of An Audit

The accounting profession has been dealing with what we call the “expectation gap” probably for as long as audits have been performed. There have been many attempts to bridge that gap but it has been a very slow and tedious process.
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