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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.

6 Steps to Build an AI-Ready Finance Team

By now, CFOs have heard that artificial intelligence (AI) promises to shake up the work finance professionals do every day by automating many tasks and providing new insights. Embracing AI will require finance teams to choose from myriad offerings to...
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4 Ways for Construction Contractors to Minimize Their Chance of an IRS Audit

Thanks to a variety of industry quirks, construction companies are especially vulnerable to IRS audits. However, by avoiding some common audit triggers you can keep Uncle Sam away. Here are four ways to minimize your risk of an IRS audit.
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Post-Election Tax Analysis: Expiring Tax Laws & Trump’s Tax Proposals

The more things change, the more they stay the same. In 2025, major provisions from the Tax Cuts and Jobs Act of 2017 (TCJA) are set to expire. These provisions are widespread and likely to affect you as a taxpayer. With the Trump administration...
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Cost Segregation Studies Are a Powerful Tax Strategy for Real Estate Owners

If you own real estate, tax planning is crucial because it can help you reduce your tax liability, increase profitability and avoid unexpected tax bills. By understanding and applying tax strategies, real estate owners can make the most of deductions,...
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Don’t Become a Cyber Security Horror Story This October

It’s October again, which means it’s Cyber Security Awareness Month — and the cyber security landscape couldn’t be scarier for your small business. Cyber insurance is less protective and more expensive than it used to be, your biggest threat to security...
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Your Government Contracting Business Has Outgrown QuickBooks. Now What?

As a government contracting business, you rely on your accounting system to be reliable, accurate and encompass all your accounting needs. For most government contracting businesses first starting out, QuickBooks is a simple and affordable accounting...
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