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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.

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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The One Big Beautiful Bill and Its Impact on Real Estate Tax Investors

The One Big Beautiful Bill (OBBB) Act, signed into law on July 4, 2025, extended many provisions of the Tax Cuts and Jobs Act of 2017 and made several additional changes to the Internal Revenue Code. The bill includes several provisions that impact real...
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Navigating the One Big Beautiful Bill: What Nonprofits Need to Know

The recently enacted One Big Beautiful Bill (OBBB) Act brings sweeping changes to the U.S. tax code, with both direct and indirect consequences for the nonprofit sector. While much of the media coverage has focused on higher education — particularly the...
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