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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.

From NIL to Nest Egg: Smart Retirement Moves for Student-Athletes

Collegiate athletes with NIL (Name, Image and Likeness) and revenue-sharing income have unique tax-favored retirement planning opportunities. The strategies differ slightly depending on whether the athlete operates under a Schedule C (sole...
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The Limits of Relying on Prior Sale Transactions in Business Valuation

When valuing a closely-held business, one of the first things people look for is evidence of what it sold for in the past. But that information isn’t always reliable — and sometimes, it can lead to misleading conclusions.
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Why a Skilled Construction Estimator Is the Key to Every Successful Project

Haz clic aquí para leer este artículo en español. Believe it or not, the role of a construction estimator is vital to the success of a company. Construction estimating is the process of calculating all the costs that will be incurred during a project to...
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NIL Perks Aren’t Free: How Non-Cash Compensation Triggers Taxes for Collegiate Athletes

Collegiate athletes are navigating a rapidly evolving environment marked by non-cash compensation opportunities, including goods, services and unique fringe benefits tied to Name, Image and Likeness (NIL) activity. As these athletes engage in brand deals...
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One Big Beautiful Bill: Tax Benefits & Planning Opportunities for Taxpayers

If you’re still trying to wrap your head around the One Big Beautiful Bill (OBBB), you’re not alone. Between headlines, political chatter and technical jargon, it’s tough to know what actually made it into the final law — and what those changes mean for...
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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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