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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.

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  Manufacturing & Distribution  |  Service Businesses

Your Business May Need to Comply with New Corporate Transparency Act

There’s a new law that should be on the radar screen of most small- and medium-sized business owners. The Corporate Transparency Act (CTA), passed in 2021, will require many businesses to take action in 2024. Now is the time for business owners to be aware of what’s coming down the pike with the new law, understand how they might be affected and the steps they need to take to comply.

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Business Valuation

How Officer Compensation Impacts Business Value

To properly value a business, adjustments may need to be made to the business’s revenue and expenses to normalize its income statement and accurately reflect the true economic performance of the business. One of the adjustments that commonly may be made during a business valuation is to normalize officers’ compensation, which may result in a more credible business value.

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Construction & Real Estate  |  Government Contractors  |  Healthcare  |  High Net Worth Families  |  Manufacturing & Distribution  |  Service Businesses

Tax Credits for New Electric Vehicles Purchased In 2023

If you’re one of the half million Americans who purchased an electric vehicle so far in 2023, you might be eligible for a tax credit.

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Business Valuation  |  Forensics & Litigation Support

How Bad Data from Clients Can Impact Valuations

It’s a common saying among data scientists: “garbage in, garbage out.” In other words, bad inputs lead to bad conclusions. It’s no different in business valuation, where an analyst synthesizes many data inputs to arrive at a single estimate of value. Bad data inputs lead to unreliable conclusions, which can be detrimental for the business owner, especially in litigation. Sometimes, the bad data comes from the business owner. Attorneys who hire valuation analysts for their cases should know the pitfalls of relying on client-provided data. Let’s look at some examples of mistakes valuation analysts have made in over-relying on client-provided data.

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Manufacturing & Distribution

Maryland Manufacturers Can Apply for Grants Up to $500,000

Eligible Maryland manufacturing businesses can receive up to $500,000 in state funding as part of the Maryland Manufacturing 4.0 Grant Program. The program supports manufacturing businesses that invest in cutting-edge technologies to remain competitive and contribute to the growth of Maryland’s manufacturing sector. The application window opened July 2023 and will close October 18, 2023.

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Business Valuation  |  Forensics & Litigation Support

Quick Guide: Accredited in Business Valuation (ABV) Credential

As a CPA, ABV and CVA, my credentials are a source of pride for me. Most people recognize the Certified Public Accountant (CPA) credential. However, very few people recognize other credentials in the accounting and forensic accounting field.

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