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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.

Do Your Due Diligence Before Buying a Business

Frankly, it was a disaster that could have been avoided. “Stan” the buyer was hell bent on making the purchase, the bank was pushing for the seller’s financials, and on the surface the deal and the business looked solid. So instead of a comprehensive...
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How an Employee Stole $26,506 Using a POS Register System

This is the story of a chief financial officer whose diligent review of his sporting goods retailer’s monthly operations resulted in the discovery of employee theft.
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Why Expert Witness Certifications Matter In Litigation

Certifications help signal that someone is knowledgeable and competent in a given subject matter or area. For expert witnesses, a certification can be valuable for emphasizing their competency and eligibility to serve as an expert witness in court. On...
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4 Ways Divorce Attorneys Can Spot Sudden Income Deficit Syndrome

For a couple going through a divorce, there are many things to plan for. If there are children involved, custody issues can become extremely contentious. Spouses have been known to use their children as bargaining chips to try to “win” during the...
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What Do Sureties Look At When They Review A Contractor’s Financial Statements?

The construction industry is diverse, with construction businesses specializing in HVAC, plumbing, electrical, excavation, fire protection, general contracting and other trades. One thing most contractors have in common, though, is who uses their...
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Dissipation of Marital Assets In Divorce: Red Flags to Look For

Divorce is one of the most stressful events that people may encounter in their lifetime, even more so if there is significant hostility between the spouses. As a result of the adversarial nature of divorce, the parties might behave irrationally or even...
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