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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.

CMMC Certification for Government Contractors

If your government contracting business doesn’t have its CMMC certification, you could be ineligible for future contracts — causing a hard hit to your revenue stream. With all eyes on cyber security these days, CMMC compliance is a critical issue that...
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King of Pop’s Estate Prevails Against IRS

The U.S. Tax Court recently issued a 271-page opinion, ending the long-running litigation between the Estate of Michael Jackson and the Internal Revenue Service. The court’s ruling was a major win for Jackson’s estate and the decision has the potential...
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How to Prepare for Your Private School’s Next Audit

While students might be out for the season, summer is often the time when private schools hit the books to prepare for their yearly audit. Here's a quick guide on how to prepare your private school for this year’s audit.
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Before Transferring Your Family Business to the Kids, Consider These Things

I was on my way home the other day, talking with a client who was stressed about a major decision she was facing. After years of pouring her heart and soul, not to mention money, into building a successful family-owned business, she was ready to move on...
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Quick Guide: Accounts Receivable Management for Long Term Care Facilities

As every long term care provider knows, effectively managing accounts receivable is critical to an organization’s financial success.
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8 Characteristics of Successful Family-Owned Businesses

There’s no magic bullet for making your family-owned business hum smoothly along from one generation to the next. The good news? You can learn from successful family-owned businesses that have made it to the second, third, fourth and even fifth...
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