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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.

Industry 5.0 Brings a Shift to Human-Centered Innovation In Manufacturing

The manufacturing industry has forever been transformed by the fourth industrial revolution, also known as Industry 4.0. The question becomes, as more manufacturers have begun to embrace and implement new and emerging Industry 4.0 technologies, how can...
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How Manufacturers Can Claim the R&D Tax Credit [Video]

Many manufacturers don’t realize they could be leaving money on the table. If your business invests in innovation — whether that’s developing new products, improving processes or enhancing existing technologies — you could qualify for the research and...
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Federal Government Says Goodbye to Paper-Based Payments

The federal government is officially waving goodbye to paper checks. On March 25, President Trump issued an executive order aimed at modernizing how the U.S. government sends and receives payments. Here’s a breakdown of what you need to know.
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FinCEN Scraps Beneficial Ownership Information Filing Requirement for Domestic Companies

The Financial Crimes Enforcement Network announced that entities created in the U.S. and their beneficial owners are now exempt from the requirement to report Beneficial Ownership Information (BOI) to FinCEN, alleviating a regulatory burden many business...
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Double Dipping In Divorce: Considerations for Family Law Attorneys

As a family law attorney, you’ve likely encountered the contentious concept of “double dipping” during divorce proceedings. Double dipping occurs when the same income stream is counted twice — first as an asset to be divided during equitable...
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Do You Need an Audit, Review or Compilation?

When it comes to financial reporting, nonprofits and for-profit businesses often face a range of requirements and expectations depending on their size, activities and the specific regulations they are subject to. When running a nonprofit or business,...
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