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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.

Don’t Get Benched By The IRS: The Case For Meticulous NIL Expense Tracking

Tracking expenses is critical for collegiate athletes receiving revenue sharing and NIL (Name, Image and Likeness) compensation, especially when operating as independent businesses via a Schedule C on their personal income tax return or as an S...
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The Rising Cost of Care In Maryland’s Skilled Nursing Facilities

After several years of unpredictable cost swings and pandemic-driven volatility, Maryland’s skilled nursing facilities are entering a period of relative stability — but not without continued financial pressure. In this article, we’ll take a detailed look...
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AI’s Role In Fraud and Fraud Investigation

Artificial intelligence (AI) has become one of the most disruptive forces of our time. From how we work to how we protect sensitive information, AI’s influence is being felt across nearly every industry. Fraud investigation is no exception. While AI...
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Guidance On No Tax On Overtime & Tips

The One Big Beautiful Bill (OBBB) Act includes several payroll changes impacting employees, independent contractors and employers. Most notably, it includes new federal income tax deductions for qualified overtime and tip pay, commonly referred to as “no...
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Federal Reserve Cuts Interest Rates Amid Economic Uncertainty

In a highly anticipated move, the Federal Reserve lowered its benchmark interest rate by 0.25 percentage points, marking the first rate cut since December 2024. This decision, announced on September 17, 2025, comes as the U.S. economy faces a dual...
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AI In Accounting: Can AI Close the Books?

Artificial intelligence (AI) is making waves in almost every industry, and accounting is no exception. The promise of automating tedious tasks, improving efficiency and gaining deeper insights from financial data is an exciting prospect for many...
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