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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.

Investment and Employment Tax Credits for Mid-Atlantic Manufacturers

The manufacturing industry has been the backbone of the U.S. economy since the Industrial Revolution. The success of this industry has helped position the U.S. as the world's largest economy. An economy with a strong manufacturing presence helps ensure...
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Bridge to the Cloud 2 Promotion: Moving From Dynamics On-Premises to Dynamics 365 Online

On January 1, 2023, Microsoft launched the Bridge to the Cloud 2 promotion to support Dynamics Price List (DPL) customers moving from Dynamics on-premises to Dynamics 365 online.
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A Texas-Sized Fraud: Bookkeeper Embezzles $29M From Texas Family

Barbara Chalmers, 74, pleaded guilty in December 2022 to an embezzlement scheme of at least $29 million over the past decade. Ms. Chalmers was the bookkeeper for a charitable foundation and multiple companies run by the family of Jim Collins, a prominent...
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2 Reasons Why Your Youth-Focused Nonprofit Should Establish an Endowment

Between the merry-go-round of government changes, staffing shortages and a fluctuating financial market, many youth-focused nonprofits lack one of the most vital tools in securing their future–an endowment.
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4 Unlikely Ways Youth-Focused Nonprofits Can Boost Fundraising

If your organization is like many other youth-focused nonprofits, the generosity of donors is a huge source of funding for some, if not all, of your income. As a result, fundraising is always a top priority. Since child-focused nonprofits often compete...
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What Accounting Staff Need to Know About the New Lease Standard

The new lease accounting standard, Accounting Standards Codification (ASC) 842, is out in full force and there are numerous rules, adjustments and transitions accounting departments need to be made aware of—stat.
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