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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.

CMMC May Have Paused — But Your Preparation Shouldn't

When the Department of Defense recently announced a temporary pause in the rollout of mandatory third-party cybersecurity maturity model certification (CMMC) Level 2 assessments, many contractors breathed a sigh of relief. For some organizations, that...
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What Does a Modern Nonprofit Finance Function Look Like?

For many years, the finance function in nonprofit organizations was viewed primarily as a back-office operation. Finance teams were responsible for maintaining accurate books and records, processing payroll, paying vendors and preparing financial reports...
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A Simpler Tax Experience Is Coming for Maryland Residents

For many Maryland taxpayers, managing state tax obligations has long meant navigating multiple systems, searching for account information and waiting for answers. That experience is about to change. The Maryland Comptroller’s Office is launching Maryland...
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Reactive IT Is Costing You More Than You Think

For many organizations, IT issues are treated like isolated inconveniences. A server goes down. A user gets locked out. A critical application slows to a crawl. The IT department steps in, fixes the issue and everyone moves on… At least that’s how it...
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What Proposed Form 990 Changes Could Mean for Nonprofits

Nonprofit leaders may soon see increased scrutiny — and potentially new reporting expectations — when it comes to federal Form 990. The U.S. Department of the Treasury recently announced that the IRS is considering revisions to Form 990 aimed at...
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CECL Just Got Simpler for Nonprofits: What ASU 2025-05 Means for You

When the Current Expected Credit Losses (CECL) model took effect, many nonprofit finance teams found themselves doing more work than the risk in their receivables seemed to justify. Estimating “expected credit losses” often meant building forward-looking...
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