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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.

Jonathan Lovell

Blog Feature

Construction & Real Estate

Why Real Estate Companies Should Consider Income Tax Basis Accounting for Financial Statements

While it’s not necessarily a secret, there may be some real estate companies that aren’t aware that there’s an alternative to GAAP (Generally Accepted Accounting Principles) for maintaining their accounting records and presenting their financial statements. The accrual-based income tax basis of accounting is an acceptable alternative to GAAP for real estate companies. If income tax basis accounting is the right fit for your company, it could save you time and money when it comes to year-end reporting. Let’s take a closer look at the upside of the income tax basis accounting method.

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Blog Feature

Construction & Real Estate

What the Future of the Maryland Construction and Real Estate Industry Looks Like

There’s a lot of uncertainty in the Maryland construction and real estate industry right now. With a presidential election a few weeks away, a worldwide pandemic and an unpredictable economy, we asked four seasoned industry veterans to tell us what they thought the future of the industry holds. 

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Gross Mendelsohn Blog

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