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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.

Tax Guidance For Foreign Student-Athletes In U.S. College Sports

Foreign collegiate-athletes playing in the U.S. face special tax considerations. Typically on F‑1 or J‑1 visas, these athletes are treated as nonresident aliens for U.S. tax purposes and face both immigration and tax issues when earning NIL (Name, Image...
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Stay Safe When Using AI-Powered Browsers: Beware Of Prompt Injection

All modern web browsers have some form of AI built in to help you with your day-to-day tasks. AI-powered browsers like Microsoft Edge (Copilot), Google Chrome (Gemini) and Perplexity (Comet) are transforming how we interact online. These tools can make...
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The SALT Deduction Just Got a Temporary Boost — Here’s What It Means for You

If you live in a state with high income or property taxes, you have probably felt the sting of the federal cap on state and local tax (SALT) deductions. For years, that limit has been locked at $10,000, a figure that has hit taxpayers in states like New...
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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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New Phishing-as-a-Service Threat Targets Microsoft 365 Users

Cybercriminals never stop evolving — and neither should your defenses. The latest example of this evolution is a new “Phishing-as-a-Service” (Ph-a-a-S) platform making the rounds, specifically targeting Microsoft 365 (M365) users worldwide.
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