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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.

Important Update for Maryland Landlords: New Lease Requirement Takes Effect July 1, 2025

If you are a landlord or developer who leases residential property in Maryland, there’s an important new requirement you need to be aware of.
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Tariffs 101 for Manufacturing Business Owners

In today’s global economy, suppliers stretch across the world. Business owners rely on the easy movement of goods and materials. However, international trade policies — specifically tariffs — can disrupt these flows. As political tensions rise and new...
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New Tax Laws Have Significant Implications for Maryland Taxpayers

The Maryland General Assembly recently passed the Budget Reconciliation and Financing Act of 2025. This new bill has significant tax implications for Maryland business owners and individuals. Let’s review the legislation’s provisions that will have the...
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How to Champion AI as an Executive

Companies operate like intricate gear systems where each department, process and stakeholder play a role in keeping the machine running. However, the complexity of these interconnected parts makes change difficult. Even when inefficiencies are evident,...
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How Normalizing Adjustments Impact the Value of a Business

A business may be valued for a multitude of reasons, like marital dissolution, estate planning and mergers and acquisitions, among others. No matter a valuation’s purpose, one of the most critical steps during analysis is considering various...
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Adapting to Changing Accounting Standards

As the primary accounting standards setter for the private sector, the Financial Accounting Standards Board (FASB) is constantly evolving its codification to improve financial accounting and reporting in U.S. companies. While most updates to the FASB...
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