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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.

Small Business Runway Extension Act of 2018: Impact On Government Contractors

On December 17, 2018, the Small Business Runway Extension Act of 2018 was signed into law, increasing the measurement of a small business' size status. Prior to this, a business' small business status was determined based on three years of average gross...
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New Tax Benefit for Employers Offering Family and Medical Leave

There continues to be a lot of discussion about the Tax Cuts and Jobs Act, signed into law in December 2017. There are new tax rates for individuals and corporations and different ways to apply existing provisions of the tax code. One new credit,...
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Why We Volunteer

In case you haven’t noticed, community service in the workplace is more than a passing fad. Since the early days of employees putting in a day of labor for Habitat for Humanity, supporting social and community causes has only grown in popularity....
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3 Financial Ratios and Benchmarks Nonprofits Must Know

Financial ratios and benchmarks can be used to assess the financial health of your nonprofit. These ratios and benchmarks can help management make decisions regarding organizational strategy and budgeting and, ultimately, help your nonprofit manage its...
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5 Steps to Building a Strong Census In Your Skilled Nursing Facility

We get it. As an administrator, you’re overloaded. You’re wrestling with staffing shortages, complex reimbursement issues, and keeping up on regulatory requirements — all while giving top notch care to your residents. Maintaining census is an excellent...
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Transferring S Corporation Shares In a Divorce

In many divorces, a significant asset of the marriage is an S corporation. Oftentimes, the business owned by the S corporation is the source that will be used to make lifetime distributions to a spouse. Two important aspects of S corporations prevent a...
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