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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.

New Tax Law Brings Big Wins for Business Owners

The newly signed tax legislation — also known as the One Big Beautiful Bill Act — brings about significant changes for businesses. From enhanced bonus depreciation and expanded Section 179 expensing, to updates on research and development costs, business...
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How to Qualify for Real Estate Professional Status and Maximize Tax Savings

If you’re a real estate investor or considering investing in real estate, you have likely heard about the coveted real estate professional status for tax purposes. But what does that mean, and how can it benefit you?
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Big Changes Ahead: What the New Tax Bill Means for Your Personal Tax Situation

A major new tax bill is making waves, and if you are an individual taxpayer, there is a lot to unpack. There’s some good news, some adjustments and a few new wrinkles. Here is a digestible look at how it might affect your personal financial picture...
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Aluminum Tariffs — The Pros & Cons for Maryland Breweries

Maryland’s craft breweries are facing a new pressure that's causing quite a bit of uncertainty — tariffs. The Trump administration's recent decision to double tariffs on aluminum imports to 50% has sent ripples through the craft beer industry.There are...
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One Big Beautiful Bill Explained: Changes for Businesses and Individuals

On July 4, 2025, the One Big Beautiful Bill (OBBB) was signed into law, bringing significant changes to the tax landscape for both businesses and individuals. Whether you’re a business owner, investor or simply preparing for the upcoming tax year, here’s...
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Navigating Maryland’s New Tax Law Changes: Your Questions, Answered

As a taxpayer, it’s essential that you understand the new tax law changes in Maryland’s Budget Reconciliation and Financing Act (BRFA) of 2025, effective July 1, 2025, and how you’re impacted.
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