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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.

Hiring a Financial Expert: Why Attorneys Should Do It Sooner Rather Than Later

A financial expert can provide valuable assistance to attorneys throughout the discovery phase of a litigation case. Cases involving economic damages often depend on documents to establish or disprove the amount of the plaintiff’s damages. A financial...
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Nonprofits Beware: Protect Tax-Exempt Status During Election Year

Many nonprofit organizations have a vested interest in political issues and their outcomes. But it’s important that nonprofit organizations, board members and leaders clearly understand how their campaign-related activities could attract unwelcome IRS...
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Accounting Software for Family Offices

Family offices are a convenient and effective way for high net worth families to manage their assets. But owning and operating a family office is no small feat. There are a variety of challenges that family offices have to tackle, like generational...
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Virginia Issues Guidelines to Retroactively File 2021 Pass-Through Entity Tax Returns

Virginia’s Department of Taxation has issued long-awaited guidance on pass-through entity tax returns. Here’s what the guidance means for owners of pass-through entities.
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Business Central 2024 Release Wave 1: New Features and Enhancements

Microsoft Dynamics 365 Business Central continues to evolve, bringing new features and improvements that enhance productivity, efficiency and usability. The 2024 Wave 1 release is no exception, packed with updates that promise to refine user experience,...
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Do Your Due Diligence Before Buying a Business

Frankly, it was a disaster that could have been avoided. “Stan” the buyer was hell bent on making the purchase, the bank was pushing for the seller’s financials, and on the surface the deal and the business looked solid. So instead of a comprehensive...
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