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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.

From “Eh” to “Awesome!” – How to Become a Great Nonprofit Board Chair

Being the chair of a nonprofit board of directors comes with a laundry list of responsibilities. Not only are you responsible with overseeing the board as a whole, you’ve also got committees to keep track of, board members to keep focused and energized,...
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6 Resources Everyone In the Maryland Manufacturing Industry Should Know About

As politics and policies continue to change, it is more important than ever that Maryland manufacturers stay up to date on what is happening in the industry, take advantage of financial opportunities and keep an eye on new and existing tax credits.
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Increase Your Tax Savings With These Tax Credits for Maryland Manufacturers

Manufacturers, like most businesses, are always looking for ways to minimize expenditures, yet many fail to realize they are leaving money on the table every year when they file their taxes. The following are just a few federal and state credits that...
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5 Lessons to Learn From a Nonprofit That Lost $160K+ In Employee Fraud

There is always a lesson to be learned in the experience of another nonprofit, especially when it comes to fraud. Nonprofits frequently lack the strong controls and policies to ensure their organization is fully protected against employee fraud, making...
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Nonprofits — 6 Things to Look for When You Hire a Strategic Planning Facilitator

It’s a good day. You, your team and board just made the decision to develop a much-needed strategic plan for your nonprofit. It’s time to jump in and get started … or is it? When funds are limited you might be tempted to go it alone and handle your...
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Valuing Goodwill In a Divorce: Personal vs. Enterprise Goodwill

When valuing a business as part of a divorce proceeding, it’s critical to understand the distinction between personal and enterprise goodwill. Knowing how to distinguish between the two could have a significant impact on the financial outcome of the case.
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