Terry is a partner based in our firm’s Red Bank, NJ, office and has more than 25 years of professional experience with restaurants and industrial and consumer products.
Terry leads Withum’s Food and Beverage practice in our Industrial and Consumer Products team. He has supervisory auditing, accounting, tax and consulting experience in the industrial and consumer products, government, and manufacturing industries. Terry also specializes in the area of forensic and matrimonial accounting. He has been involved in various accounting issues, including business valuations and other investigations, as well as matters of matrimonial dissolution.
He is also past chairman of the board of trustees and current member of the National Multiple Sclerosis Society-Metro Jersey Chapter, as well as chair of the audit committee of The Jersey Shore Council of the Boy Scouts of America. Terry resides in Ocean County, NJ.
Learn more about my professional experience and how I spend my time outside the firm.
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DOL Overtime Rule Provisions The minimum salary threshold is to increase from $455 to $913 per week; which equates to $23,660 to $47,476 per annum (full year employee). Salaried employees that fall below the salary threshold will be entitled to time-and-a-half wages for each hour they work beyond 40 per week. Another update to the…
Over the past year, an increasing number of restaurants have been eliminating tips in an attempt to close the earnings gap between those who prepare the food and those who serve it. Restaurants are prompted by a spurt of new minimum wage proposals in major cities and an expanding number of restaurateurs are experimenting with…
Calorie count labeling regulations, which came as an extension of the 2010 Affordable Care Act, apply to food retailers with 20 or more locations and extends beyond restaurants to any preparer of food including supermarkets, convenience stores, bakeries, movie theaters, pizzerias, amusement parks and coffee shops. The U.S. Food and Drug Administration (FDA) made the…