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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.

AI’s Role In Fraud and Fraud Investigation

Artificial intelligence (AI) has become one of the most disruptive forces of our time. From how we work to how we protect sensitive information, AI’s influence is being felt across nearly every industry. Fraud investigation is no exception. While AI...
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Guidance On No Tax On Overtime & Tips

The One Big Beautiful Bill (OBBB) Act includes several payroll changes impacting employees, independent contractors and employers. Most notably, it includes new federal income tax deductions for qualified overtime and tip pay, commonly referred to as “no...
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Federal Reserve Cuts Interest Rates Amid Economic Uncertainty

In a highly anticipated move, the Federal Reserve lowered its benchmark interest rate by 0.25 percentage points, marking the first rate cut since December 2024. This decision, announced on September 17, 2025, comes as the U.S. economy faces a dual...
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AI In Accounting: Can AI Close the Books?

Artificial intelligence (AI) is making waves in almost every industry, and accounting is no exception. The promise of automating tedious tasks, improving efficiency and gaining deeper insights from financial data is an exciting prospect for many...
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Hidden Cryptocurrency In Divorce: Guide for Family Law Attorneys

The increased use of cryptocurrency has complicated divorce proceedings. In some instances, spouses are turning to cryptocurrency as a vehicle for hiding assets. This article explains what cryptocurrency is, how it’s acquired and signs to look for that...
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What the Delayed 2025 Compliance Supplement Means for Your Nonprofit's Single Audit

Does your nonprofit organization receive federal funding and have a fiscal year ending on or after June 30, 2025? If so, you may be wondering how the delayed release of the 2025 Compliance Supplement will impact your upcoming Single Audit. Here's what...
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