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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.

2025 Payroll Update

Social Security & Medicare Tax As of January 1, 2025, the maximum amount of annual earnings subject to Social Security increases to $176,100 (from $168,600 in 2024). There is no limit on the amount of earnings subject to the Medicare tax. The maximum...
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Best Practices for Managing User Access In NetSuite

NetSuite empowers businesses to establish the right controls to meet risk objectives, then monitor and report on the effectiveness of those controls. In this article, we’ll go over best practices around role management, audit trails, and establishing...
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4 Steps to Strategically Reduce Expenses Using AI Analytics

Cost optimization has become a focal point for many companies in the past few years as they look to stay competitive and resilient while dealing with tightening customer budgets and more stringent access to capital. This strategic practice focuses on...
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The Ultimate Prep Guide for Planning and Budgeting Season

Budgeting season is one of the most important times of the year for any organization. Colleagues come together to review the previous year’s financial performance, set goals for the upcoming year and allocate resources to achieve those goals.
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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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