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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.

What Are Managed Services?

Today, the goal of technology is to make it easier to be productive. Technology vendors strive to make it so you can easily work from anywhere on the device of your choosing. These vendors also try to focus on security. The problem is that convenience...
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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 Benefits of Using a Local Vendor for Accounting Software Support

Investigating and deciding upon a new accounting or project management software can be a long process. Once you’ve weighed your options and signed on the dotted line, you expect that everything will be smooth sailing, right? Depending on your...
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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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