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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.

How to Write a Nonprofit Audit RFP [Plus an Audit RFP Template for Nonprofits]

Hot dog, it's time to issue an RFP for audit services, said no nonprofit ever. If you’re like most nonprofit audit committee members and executive directors, you cringe just a little when it comes time to solicit proposals for a new audit firm. As an...
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Exploring Key Features In Business Central 2023 Release Wave 2

As the digital landscape continues to evolve, so does the need for agile and innovative business management solutions. Microsoft Dynamics 365 Business Central stands tall in meeting these demands, and its latest iteration, the 2023 Release Wave 2, brings...
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4 Key Insights From an Employee Benefit Plan Auditor

With employee benefit plan audit season not too far in the rearview mirror, it’s a good time to reflect on lessons learned. I’m sharing a few insights, from the point of view of an employee benefit plan auditor, for clients who are required to have their...
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Taxpayers Can Expect Changes as Key Tax Provisions Sunset

As we near the end of 2023, individuals may be surprised to learn of substantial tax provision changes sitting on the horizon. The tax provisions enacted in 2017 as part of the Tax Cuts and Jobs Act (TCJA) are sunsetting with the end of the 2025 tax year.
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Government Contractors Procuring Products From Certain Parts of China Subject to New Rule

Any government contractor that procures products from the Xinjiang Uyghur Autonomous Region of the People's Republic of China is affected by a new ruling by the Department of Defense (DoD). This ruling takes effect October 30, 2023.
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Mastering the Art of Depreciation: Choose the Perfect Tool for Your Business

Depreciation: the unsung hero of every business's accounting saga. It's the silent force that ensures your financial records dance to the rhythm of balance, a vital element in the complex symphony of profit and loss. Yet, for all its importance,...
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