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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.

Audited Financial Statements for Construction Companies: Are They Necessary?

Under current accounting rules, accountants are allowed to prepare compiled, reviewed and audited financial statements. Each service provides a different level of assurance, and as you move up the level of assurance, the cost to the business owner...
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5 Strategies to Diversify Concentrated Stock Positions

Business owners and executives pour their hearts and souls into building a successful company. Often their hard work and dedication pays off, quite literally, with the sale of the business to a publicly traded company. Those corporate executives and...
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Divorce and Income Determination: Forensic Accounting to the Rescue

As a matrimonial attorney, you know better than anyone that divorce can bring out the worst in people. Despite their best efforts to work amicably, divorcing husbands and wives often end up being less than forthcoming.
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How to Set (and Meet) the Perfect Fundraising Goal for Your Nonprofit’s New Endowment

After you’ve allotted the time and resources to ensure that your nonprofit is ready for an endowment, the next question you must answer is: how much money do we raise? This decision, like many choices in business, comes down to your organization and...
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The Top 2 Factors to Consider When Establishing an Endowment for Your Nonprofit

I recently hosted a webinar on best practices in nonprofit endowment management. Afterwards, I received an all too common question from a nonprofit executive who had been considering an endowment for her organization — how do I know if and when my...
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Controlling Costs in Skilled Nursing Facilities

Controlling costs is always a concern among skilled nursing facility leaders. In a recent survey of Maryland skilled nursing facility owners, administrators and CFOs, they overwhelmingly named nursing costs as the top area where they struggle to control...
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