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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.

5 Questions to Ask Before Hiring a New CFO for Your Nonprofit

Hiring a chief financial officer for your nonprofit and hiring the right CFO are two very different things. While some accountants get their start at for-profit businesses, nonprofits have specific accounting and tax needs that differ from how accounting...
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3 Things Your Nonprofit Can Do to Stretch Its IT Budget

As a nonprofit, we know you prioritize saving the whales or feeding starving children over spending money on IT, and that’s okay! But there are certain IT needs you just can’t ignore. The good news is that there are a few little known discounts — just...
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Your Nonprofit Needs a Mission and Vision Statement

Mission and vision statements are an essential element of running a successful and forward-thinking nonprofit. Not only do mission and vision statements serve as the foundation for all organizational programs, goals and activities, but these statements...
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3 Traits to Look for When Hiring an Accountant for Your Government Contracting Business

Not all accountants are created equal when it comes to understanding the ins and outs of government contracting. Understanding the compliance issues that encompass government contracts sounds easy enough: cross your T’s and dot your I’s, right? Wrong. ...
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A Construction Contractor’s Guide to Recruiting Younger Employees

Given the industry’s aging workforce and an unprecedented number of retiring owners, contractors need to do everything possible to recruit young employees into the industry.
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Qualified Business Income Deduction: A Primer On the New Section 199A

There’s a provision in the new tax law that allows owners of sole proprietorships, S corporations and partnerships to deduct up to 20% of income earned by the business. It’s known as the Qualified Business Income (QBI) deduction, or more formally,...
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