Gross Mendelsohn Blog
A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.
High Net Worth Families | Service Businesses
As we near the end of 2023, individuals may be surprised to learn of substantial tax provision changes sitting on the horizon. The tax provisions enacted in 2017 as part of the Tax Cuts and Jobs Act (TCJA) are sunsetting with the end of the 2025 tax year.
Share
Construction & Real Estate | Government Contractors | Healthcare | High Net Worth Families | Manufacturing & Distribution | Service Businesses
If you’re one of the half million Americans who purchased an electric vehicle so far in 2023, you might be eligible for a tax credit.
Share
Subscribe to our blog, and we'll send articles straight to your inbox when they're published.
Construction & Real Estate | High Net Worth Families
Short-term rentals are all the rage in real estate investing. With droves of vacationers and business travelers using Airbnb and VRBO to seek out homey, comfortable spaces that hotels don’t offer, short-term rentals can be an outstanding real estate investment. Although short-term rentals can get special tax treatment from the IRS and have significant benefits, you should know the tax-related pitfalls to avoid.
Share
If you updated your home in 2022 or 2023 to be more energy efficient, you might be eligible for one or more tax credits. Tax credits are an excellent way to reduce your tax liability.
Share
Construction & Real Estate | Government Contractors | Healthcare | High Net Worth Families | Manufacturing & Distribution | Service Businesses
The SECURE 2.0 Act of 2022 (“Secure 2.0”) was passed on December 29, 2022 and focuses primarily on enhancing retirement plan incentives for individual taxpayers. Let’s review some key provisions of the bill and how they could impact you and your business.
Share
Construction & Real Estate | Forensics & Litigation Support | High Net Worth Families | Manufacturing & Distribution | Service Businesses
Barbara Chalmers, 74, pleaded guilty in December 2022 to an embezzlement scheme of at least $29 million over the past decade. Ms. Chalmers was the bookkeeper for a charitable foundation and multiple companies run by the family of Jim Collins, a prominent Dallas businessman and former congressman. The family operates Collins American Capital Corp., International Family Investors LTD and the James M. Collins Foundation. Let’s look at how she did it and the red flags that were missed along the way.
Share
