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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.

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Forensics & Litigation Support

Calculating an Individual’s Lost Earnings and Benefits: Know the Facts

Economic damages claimed by individuals in cases arising from personal injury, wrongful death, wrongful employment termination and employment discrimination typically include lost earnings and fringe benefits. Attorneys frequently retain CPAs as expert witnesses to determine the amount of those economic damages and to provide expert witness testimony. Let’s look at the role of a CPA as an expert in these cases.

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  High Net Worth Families  |  Manufacturing & Distribution  |  Nonprofit  |  Service Businesses

Federal Tax Deadline for Individual Taxpayers Extended to May 17

Yesterday the Internal Revenue Service announced that the deadline for federal income tax filings and payments has been extended to May 17, 2021. The normal deadline is April 15.

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  Manufacturing & Distribution  |  Service Businesses

6 Business Tips from Three Inspiring Businesswomen

Growing and running a business is hard (especially in the middle of a global pandemic). In the latest episodes of the firm’s video series, Next Level, Bryna Campbell, CPA, Shante Fields and Kat Sabo shared some of their top advice for businesses in 2021. Here are just a few of the takeaways from each of their interviews.

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  High Net Worth Families  |  Manufacturing & Distribution  |  Service Businesses

Tax Changes for Individuals and Businesses Under the American Rescue Plan

On March 11, 2021, President Biden signed the American Rescue Plan into law. This $1.9 trillion COVID relief bill contains several tax provisions. Here are the highlights for individuals and businesses.  

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Construction & Real Estate  |  Government Contractors  |  High Net Worth Families  |  Manufacturing & Distribution  |  Service Businesses

Maryland Extends State Income Tax Filing Deadline to July 15

On March 11, 2021, Maryland Comptroller Peter Franchot extended the state’s income tax filing deadline by three months to July 15, 2021. Taxpayers will not face interest or penalties if they file returns and pay taxes owed by the new deadline. This change will apply to individual, pass-through, fiduciary and corporate income tax returns, including first and second quarter estimated payments.

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Forensics & Litigation Support

Tracing Commingled Property in Divorce

A challenging aspect of any divorce proceeding is the division of assets — who gets what and how much?

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