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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.

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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The #1 Secret to Nonprofit Fundraising Success

I’ve been in fundraising for 30 plus years, and in that time, I’ve watched nonprofits struggle to figure out what they need to do to be successful in raising funds for their organization. A common mistake nonprofits make is believing fundraising is the...
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8 Don’ts of Nonprofit Board Composition

Just like no two nonprofits operate exactly alike, no two nonprofit boards are the same.
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3 Things You Must Know to Qualify for Maryland’s Job Creation Tax Credit

If your business is creating new full-time jobs in Maryland, you may be entitled to state income tax credits. The Maryland Job Creation Tax Credit rewards businesses that create a minimum number of new full-time positions in Maryland before January 1,...
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3 Reasons to Choose Your 401(k) Plan Auditor Very Carefully

Whether your organization has had a 401(k) plan in place for years, or you are just putting one into place, you know all about the seemingly endless string of documentation and regulatory requirements that hang over your plan like a dark cloud.
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Quick Guide: Functional Expense Classifications for Nonprofits

Nonprofit organizations are constantly under scrutiny as to how they allocate their functional expenses in their statement of activities. Unlike for-profit entities, nonprofits must provide a statement of activities in the financial statements about...
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