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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.

7 Common IT Issues Small Businesses Forget to Budget For

In today's digital age, small businesses rely heavily on information technology (IT) to streamline operations, enhance productivity and stay competitive. However, managing IT systems can be challenging, especially for organizations with limited resources...
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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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Understanding Scareware: What It Is and How to Avoid Falling Victim

Scareware is a deceptive tactic designed to manipulate and frighten you into believing your system is infected with a virus or malware. If you’re distracted, tired or overworked, like most people, you could be tricked into contacting the supposed...
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