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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.

Tracing Commingled Property In Divorce

A challenging aspect of any divorce proceeding is the division of assets — who gets what and how much?
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Why Real Estate Companies Should Consider Income Tax Basis Accounting for Financial Statements

While it’s not necessarily a secret, there may be some real estate companies that aren’t aware that there’s an alternative to GAAP (Generally Accepted Accounting Principles) for maintaining their accounting records and presenting their financial...
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Tips for Managing Cash Flow In a Recession

In a recession, the most important thing a business can do is take control of its finances, especially when it comes to cash flow.
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Quick Guide: Membership Retention Rates for Associations

Membership retention is critical to a healthy association. Successful associations carefully monitor membership retention as one of their most crucial metrics. While you already know the importance of a high member retention rate, do you know how to...
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Exit Planning Would Have Saved This Family-Owned Business from Bankruptcy

Whether you want your company to continue growing after you retire or simply want to turn a profit on the sale of your business, every company owner needs an exit plan. As a CPA who has worked with business owners for decades, I’ve seen several companies...
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4 Critical Tax Consequences to Consider When Selling Your Business

The sale of a business is often the most significant financial event an owner faces during his or her lifetime. Many times, however, the owner begins negotiating the sale without understanding how critical tax aspects of the deal structure can have a...
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