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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.

How to Choose an Investment Manager for Your Nonprofit Organization

If your nonprofit has significant endowments, you likely need an investment manager — unless you have that expertise in house.
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IRA Rollovers: Not as Simple as They Might Seem

Rolling over a company retirement plan distribution into an IRA is usually a good idea. It allows you to defer taxes on the rolled-over balance, and the future income earned on that balance, for as long as the money stays in the IRA. However, the IRA...
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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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