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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.

Reactive IT Is Costing You More Than You Think

For many organizations, IT issues are treated like isolated inconveniences. A server goes down. A user gets locked out. A critical application slows to a crawl. The IT department steps in, fixes the issue and everyone moves on… At least that’s how it...
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What Proposed Form 990 Changes Could Mean for Nonprofits

Nonprofit leaders may soon see increased scrutiny — and potentially new reporting expectations — when it comes to federal Form 990. The U.S. Department of the Treasury recently announced that the IRS is considering revisions to Form 990 aimed at...
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CECL Just Got Simpler for Nonprofits: What ASU 2025-05 Means for You

When the Current Expected Credit Losses (CECL) model took effect, many nonprofit finance teams found themselves doing more work than the risk in their receivables seemed to justify. Estimating “expected credit losses” often meant building forward-looking...
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Trump Accounts: How Contributions Work and What Families Should Know

The passage of the One Big Beautiful Bill (OBBB) introduced a new tax savings vehicle — Trump Accounts — for children under 18. Beginning July 4, 2026, families, employers and even certain government or nonprofit organizations can contribute to these...
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How the Expense Agent Is Transforming Expense Management In Business Central

Managing employee expenses has long been a necessary — but often frustrating — part of running a business. Between collecting receipts, coding expenses and chasing approvals, the process can consume more time than it should. Microsoft’s new Expense Agent...
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Why Nonprofit Finance Teams Are Under Pressure & What to Do About It

If your finance team feels like it’s constantly trying to catch up, you’re not alone.Month-end takes longer than it should. Reports don’t always come together as quickly — or as clearly — as leadership needs them. And when something unexpected happens,...
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